At Vanilla Equity we always talk about Portfolio Managers, but maybe you are just a Stock Picker or Swing Trader? Let’s clear up the jargon a bit.

An asset manager is a financial professional or firm that manages investment portfolios on behalf of its clients. This typically involves making investment decisions and allocating assets in order to achieve the desired investment objectives of the clients.

A portfolio manager is a type of asset manager who is responsible for managing a specific portfolio of assets, such as stocks, bonds, or other securities.

A money manager, on the other hand, is a financial professional who manages the investment portfolios of high-net-worth individuals or institutions. Money managers often have a more hands-on approach to managing their clients’ investments, and may be more involved in the day-to-day decision-making process.

To conclude, the main difference between these three terms is the type of clients they serve and the scope of their responsibilities. Asset managers generally work with a wider range of clients and may be responsible for managing multiple portfolios, while portfolio managers typically focus on a single portfolio and may have a more specialized role. Money managers, on the other hand, often work with very wealthy clients and may have a more personalized approach to managing their investments. Even if you are only picking stocks, perhaps you should consider allocating a part of the portfolio to diversified asset class?