Roles of Portfolio Managers
Hello!!!
According to the CFAI and my local CFA Society, majority of the CFA charterholders are portfolio managers. On my last CFA meeting, I had a chance to talk to couple of PMs. My understanding is that a PM with a CFA charter is no different than a financial advisor. Like financial advisors from wirehouses, PMs meet with their clients and manage their accounts.
What are the differences between a financial advisor or an RIA with say, a CFP and/or an MBA to a PM with a CFA charter?
Also when I look at PMs at say, JP Morgan Asset Management, these guys actually manage a mutual fund or funds. Most of these guys have a CFA charter and an MBA from an impressive business schools. Are these PMs any different than PMs that manage client portfolios? What is the route to take to become a PM for JP Morgan and what is the route to become a PM at a private wealth management?
Thank you in advance for your inputs and insights. |