Though commonly used interchangeably, Portfolio Managers (PM) and Wealth Advisors (WA) require different levels of training, experience and oversight. Portfolio Managers build and maintain investment accounts that are tailored to each client's needs and are legally bound to act in their best interest. Portfolio Managers must meet the highest standards in the industry to achieve and maintain their designation.
PROFESSIONALISM: The designation demands the highest levels of education, experience and ethical standards.
EXCLUSIVITY: A majority of Wealth Advisors don't achieve the designation.
CONFIDENCE: PMs are monitored to ensure their day-to-day decisions are fully aligned with client investment objectives.
PROTECTION: PMs must meet a higher fiduciary standard (legal obligation) and act with care, honesty and good faith.
SECURITY: PMs are overseen by provincial regulators and must meet strict financial, capital and insurance requirements.