Money managers and the underlying investments can act as the fuel for your investment plan, propelling you toward your retirement goals and the future you’ve planned for yourself. Therefore, it’s important to choose your money manager carefully. There are some general rules of thumb that will help you to find the right strategy mix to help make your goals a reality.
Finding a money manager can be time-consuming, however, and there are many other things you would rather be doing. Fortunately, financial advisors can serve two functions: they can create and monitor your investment plan, and they can also research money managers for you.
Our new eBook, Guide to Researching Money Managers, will discuss the following topics that can help you better understand steps you can take when researching money managers:
What's the Difference Between a Money Manager and a Financial Advisor?
In short, money managers manage and financial advisors advise. Financial advisors understand individuals’ financial situations and create unique investment plans while money managers spend their time managing portfolio strategies. This section will go into more detail about the differences.[+] Read More