What Is A Portfolio Manager?

A Portfolio Manager is an investment professional who manages investment portfolios on behalf of individuals, corporations or institutions. A Portfolio Manager provides discretionary management services, entrusted with the responsibility for the investment decisions for each client’s portfolio.

These services include security selection, purchase and sale transaction execution, continuous portfolio review, and income reinvestment and distribution. A Portfolio Manager exercises this discretionary authority only after formulating an Investment Policy Statement with the client.

A Portfolio Manager can be used to refer to an individual or can refer to a firm that offers Portfolio Management services.There are two key reasons why we believe that working with a Portfolio Manager is advantageous for clients:

Fiduciary Duty to Clients:

A Portfolio Manager is bound by a fiduciary duty to act with care, honesty and good faith, always in the best interest of their clients. This fiduciary duty creates a higher standard for Portfolio Managers because investment decisions must be independent and free of bias, unlike other types of Financial Advisors, who are held only to a standard of suitability.

The standard of suitability requires only that these advisors recommend investment products that are appropriate for a client, even if there are other more appropriate investment alternatives.


 

Professional Qualifications:

A Portfolio Manager is subject to the highest levels of education and professional experience requirements in the Canadian investment industry. An Advising Representative is required to have earned the Chartered Financial Analyst designation and have 12 months of investment experience in the 36 month period before applying for registration or have earned the Canadian Investment Manager designation and have 48 months of investment management experience including 12 months of investment experience in the 36 month period before applying for registration.

An Associate Advising Representative is required to have completed Level 1 of the Chartered Financial Analyst program and have 24 months of investment experience or have earned the Canadian Investment Manager designation and have 24 months of investment management experience.

FEATURED VIDEO -
THE PORTFOLIO MANAGER

See Jim McInnis, Portfolio Manager, discuss the importance of working with a Portfolio Manager and how doing this helps to create value for investors

FEATURED VIDEO -
THE PORTFOLIO MANAGER

See Jim McInnis, Portfolio Manager, discuss the importance of working with a Portfolio Manager and how doing this helps to create value for investors.

Watch Video