Let’s get some things right here. A portfolio manager selects securities to invest in though a variety of analysis, dart throwing, and voodoo. They have a fund as their responsibility.
A financial advisor reads a script on a phone to get clients to put their money in said fund. They may have some ideas and strategies utilizing different allocation across funds, but that is about it. I imagine most FA do not pick stocks for clients.
A PM has a 11 inch sausage while a FA is probably a 5.5 inch sausage. Anyone with a series 7 is a FA, but not everyone with a CFA is a PM. |