Siddimaula

Matt likes anaysis is hitting the nail on the head.
Larger RIA’s may mange billions and have “portfolio managers” on staff but a true PM is really a mutual fund manager style position. FA’s are sales people.
Also, the biggest difference is that PM are generally over acheivers, very smart, from top MBA programs w/ their charters. They’re the cream of the crop. Many FA’s dont even have a college degree and have little knowledge of markets. Maybe a well qualified one has a CFP + BA from a decent school. FA’s sell what PM’s are putting together.