what is a money manager 
a money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor typically a money manager employs people with various expertise ranging from research and selection of investment options to monitoring the assets and deciding when to sell them in return for a fee the money manager has the fiduciary duty to choose and manage investments prudently for clients including developing an appropriate investment strategy and buying and selling securities to meet those goals a money manager may also be known as a portfolio manager asset manager or investment manager 