You might hire a portfolio manager to:

  • Devise an appropriate investment strategy based on individual or group needs
  • Monitor how investments are performing — and rebalance allocations as necessary

  • Execute specific financial investing moves, as approved by the client

  • Review market activity, create forecasting reports, and remain on top of trends

Required skills and qualifications Preferred skills and qualifications
Experience in a quantitative or analytical field, such as accounting, finance, economics, mathematics, statistics, physics, or engineering
Degree in finance, business administration, or economics
Advanced written and oral communication abilities Chartered Financial Analyst (CFA) certification (which carries a base level requirement of a bachelor’s degree and four years of work experience)
Knowledge of securities, insurance, and mutual funds industries Certified Financial Planner (CFP) certification awarded by the CFP Board (with a base level requirement of a bachelor’s degree and 12–18 months of coursework)
Proficiency with financial planning software Licensing by a national or regional agency, such as the U.S. Financial Industry Regulatory Authority (FINRA), the European Securities and Markets Authority (ESMA), or the Investment Industry Regulatory Organization of Canada (IIROC) 
Personal integrity and a commitment to ethics and client confidentiality If assets under management (AUM) total a few million USD, registration with an oversight commission such as the U.S. Securities and Exchange Commission, the Ontario Securities Commission, or the Australian Securities and Investments Commission