- Fund managers advise their clients on how to invest their money and then make investments accordingly in a variety of areas, including the stock market, bonds, commodity futures and currency.
- Funds managers invest on behalf of pools of private individuals who put their money into mutual funds. In addition, funds managers represent organizations, such as pensions or trusts.
- Funds managers perform extensive research to select the best investments for the clients or organizations they represent. A number of federal and state laws restrict the activities of funds managers, and professionals in the field must adhere to them.
- Some funds manager hold only a bachelor's degree in finance, business administration, accounting, statistics, or economics, but many employers prefer candidates with master's degrees.
- The Financial Industry Regulatory Authority grants licenses to funds managers that are necessary for selling investment products, such as the Series 7, 63 or 66 licenses. To receive licensing, funds managers take written examinations.
- In December 2009, funds managers averaged annual salaries of $39,305 to $245,659, according to Payscale.com.
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