This term typically refers to the designation of professional money managers, who are qualified financial specialist. In this case, our post money management post are about basic financial asset protection principles. Everyone, at some point, practices some form of investment management with their own personal finances. This practice is a culmination of successful habits, asset allocation and portfolio diversification.
Money management is know as the process of investing, saving, budgeting, spending, financing or otherwise in overseeing the cash usage of an individual or group. The main use of the phrase in today’s financial markets is that of an investment professional making investment decisions for large pools of funds, such as trust funds, mutual funds or pension plans. This is also referred to as “investment management” and/or “portfolio management”.
There are a wide range of money management services, from the operation of passively-managed mutual funds with low fees to in-depth estate planning and consulting.