• Edmonton Financial Planner

What Does Portfolio Management Entail?

The financial industry has seen lots of happenings in recent years. Some new rules and regulations need to be followed by all parties involved. The introduction of new technologies increases competition, and a lot more information is available than ever before. The services offered by portfolio management firms focus on investment strategies for their clients' various needs.


Below is a list of popular services offered by portfolio management firms:


Retirement Planning


This service may be the most sought-after by individual investors due to its key importance in securing a financial future. The job of retirement planners in portfolio management services usually boils down to three primary tasks. They include maximizing profit from social security payouts, setting up savings plans for when you are in your 50s and 60s, and helping with the ever-increasing amounts of paperwork from all the new laws.


Tax Planning


This service is meant to help people who have difficulty navigating through the complicated tax codes in place today. The job involves using special software to determine how much an individual owes based on their annual income and any other deductions or credits they may be eligible for.

The portfolio management team also advises clients if it would be beneficial to hire a professional accountant to do the taxes instead. Outside of just filing returns, the professionals can help prepare estimated quarterly payments if they believe the person will owe more than they did last year during this period.


Investment Advice


This service usually includes planning which investments an individual should make and the best way to make them. There are many different types of investments available today, so someone needs to know when to invest in stocks, keep cash on hand, etc. They may also advise how much money should be invested and when you can withdraw from certain accounts without paying taxes or penalties.


Merchant Banking


This service focuses on investing in companies that are just about to go public, have already gone public but are doing poorly, or may be interested in being acquired by another firm. The investor puts up the money for this company and then gets a percentage of future profits and any dividends paid out along with their initial investment back when they cash out. Some investors make millions with this strategy over time. However, it is extremely risky because many companies fail before they become profitable or get bought out.


Security Services


This is one of the most common types of wealth management firms offer. The portfolio management experts will provide registered and bonded guards to watch over your assets in a safe location such as your home or warehouse, install security systems such as cameras and other various alarms, and even set up other techniques like hidden safes that only they know they are located. This service can be expensive because so many things could go wrong, but if something happens and money gets stolen, you can rest easy knowing all your bases were covered.


A portfolio management firm is a business that provides investment advice and asset management. The companies help people invest their money in various mediums like stocks, bonds, mutual funds or other securities.


0 views0 comments