4 Things You Should Look for in an Investment Manager

If you are on the verge of hiring an investment manager, congratulations. You have made the right choice of working with one. Believe it or not, there are many business people who wish to manage their own investments and funds on their own; they think that they can do all the management without the help of a professional. A well-known investment manager Karl Lubieneki says that while you can manage your funds and investments on your own, there’s a downside, you are depriving yourself of growing your portfolio and realizing their full potential because first of all, you are not trained to do so.

Hiring an investment manager is no easy task too. There is an endless number of options out there. There are many investment fund management companies out there that will promise you the moon, they will lure you into signing up with them by promising you a huge amount of returns in a very short period of time. As much as possible, stay away from these companies because more often than not, they can’t back their promises with results. Now, allow us to share with you some of the qualities you should look for in an investment manager.

Trust a proactive manager. The financial market is never stable, it goes up and down without a warning. One day your investments are profiting 6%, the next day it is in the red. In other words, you can’t be too sure. A good investment manager will have a proactive mindset. They will always be two steps ahead when it comes to deciphering the market trends. They have a deep understanding of how your portfolio will perform relative to the upcoming and ongoing behavior of the markets. They are able to do this because their team always conducts a thorough research of the market trends.

Hire a manager who always communicates. Communication is key in maintaining a solid manager-client relationship. The last thing you would want from your manager is to receive delayed responses to your urgent queries or not getting any updates at all. It is important that you find a manager who is known for keeping their clients up to date and up to speed with the developments and changes with regards to your portfolio.

Pick a manager who has confidence. We are talking about your money here so it is only crucial to find someone who possess confidence. When we say confident, we mean someone who trusts their own skills and knowledge, and someone who is willing to go the extra mile just to prove to clients that their decisions will produce positive results. Trust us when we say that you don’t want to deal with a manager who is only a ‘yes man’ or just agrees to avoid conflict. As an investor, you have to open to expert opinions so a confident manager will be able to get their message across regardless of your preference about certain investments.

Trust a manager who has excellent track record. In this day and age, finding client feedback and referral is as easy as typing the name of the manager in Google. You can do this in a breeze. If you fail to do a background check on someone you are trying to hire, then your investments are probably doomed to fail from the get-go. So, make it to a point that you spend some time checking the past clients of the manager you are intending to hire.

According to seasoned investment manager Karl Lubieneki, finding the right person to handle and manage your portfolio is one of the first steps towards success of your investments. By working with someone who has deep understanding how the markets work, you are already one step ahead.