Another Portfolio

You try to get rich clients to place their money with you and you interpret market data in depth and must know what actions to take to provide them with the best return on their investment. Knowledge of current market conditions and the ability to react to changes is critical. Choosing the right market sector (established market or emerging market?) and style is crucial. In every market cycle there are certain industry sectors (financial services, energy, healthcare, etc.) that outperform. You have to analyze all sectors and styles, including international and emerging markets, to uncover attractive opportunities for your clients. You have to do all this while reducing unnecessary risks to your clients.

Throughout the year, you have to maintain a high level of communication with your clients through personal visits, telephone calls, timely reports and personal letters. During client meetings, you review portfolio performance, discuss the economic and investment outlook and plan tax strategies. In addition, you re-examine your client’s overall investment objectives as some goals are met and others come into focus. Furthermore, you have to send your clients a detailed investment review quarterly. This review includes the cost basis of all securities, the current market value, projected annual income, yields, capital changes, a purchase and sale report, and investment performance results measured on a total return basis.

Is this a fun job? You tell me. I know I couldn’t do it.