Question

Portfolio management and financial planning

Answer 1

Portfolio management is the act of creating and maintaining an investment account, while financial planning is the process of developing financial goals and creating a plan of action to achieve them. Understanding the difference between the two may help in selecting the most suitable financial professional

Answer 2

Portfolio managers build and maintain an investment account, while financial advisors sell a specific product.[1] Financial advisors play an important role in the financial markets, but are not in a position to support the needs of a client's long-range financial objectives. That's the job of the portfolio manager