Definition
Professional management of your investments to help you reach financial goals. Managers may handle stocks, bonds, real estate, and more.
What to consider
- Decide if you want to manage your investments yourself or seek professional help.
- Check in periodically to see if your strategy still matches your goals.
- Consider the fees versus the benefits of a professional touch.
Real world scenarios
- With no time for daily market tracking, Rachel hires an asset management firm to handle her investments and rebalancing.
- Sam uses an online platform offering automated asset management at lower fees, which aligns well with his long-term goals.
- Anna schedules periodic reviews with her asset manager to ensure her portfolio matches her evolving financial objectives.
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