luckygiftvn

CFAvsMBA wroteet’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.
Not neccesarily. You can still be a financial adviser and manage discretionary investment portfolios as one of the other guys on here mentioned. There are a number of varying shades of what is a financial advisor - not all of them are salesmen. As an example, I manage about 100 discrete investment portfolios containing a mix of stocks, bonds, cash and whatever other asset we think is appropriate for the client. Given the number of portfolios we obviously adopt a fairly passive investment strategy, though we’re not index huggers and nor do we just buy 10 ETFs and leave it at that. Though I still wouldn’t call myself a portfolio manager, even though each one of those 100 accounts is a small portfolio.