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Asset Manager Job Description: Top Duties and Qualifications

An Asset Manager, or Investment Manager is responsible for managing the assets of their clients and growing their investment portfolios. Their duties include recommending new asset acquisitions, selling existing assets and providing detailed financial reports to clients.

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Asset Managers duties and responsibilities

Asset Managers are responsible for managing portfolios in-line with the desired goals and targets of the client. They grow their client’s portfolio over a set period and keep their client informed of the progress. Their essential duties and responsibilities include:

  • Purchasing new assets and reinvesting funds and profits into new stocks and shares on behalf of a client
  • Selling stocks, shares and assets to generate profits or to release funds to the client
  • Identifying opportunities for purchasing emerging stocks or assets through research
  • Presenting clients with evidence-based recommendations for investments or acquisitions
  • Keeping up-to-date with the latest financial trends and market developments
  • Keeping up-to-date with the latest financial laws and regulations
  • Developing and sustaining ongoing relationships with clients who are looking to invest in the long term
  • Source new business leads and opportunities to manage new client portfolios
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What does an Asset Manager do?

An Asset Manager is employed by a financial firm to oversee the management of client portfolios. Asset Managers develop their client’s assets into a sustainable portfolio that can produce wealth in the future. They deal with assets such as property, investments and pension funds. Asset Managers can work with large companies, or can be responsible for a variety of smaller individual or small business portfolios.

Asset Manager skills and qualifications

Asset Managers need expert knowledge of financial principles, markets and tools, alongside the practical skills to put those principles into action to grow the portfolios of their clients. Asset Managers also need excellent analytical and communication skills and recognised financial qualifications. A successful Asset Manager candidate will also have various prerequisite skills and qualifications that include:

  • Ability to use trading platforms and other financial software to keep track of portfolios
  • Ability to analyse and understand financial markets, including FTSE 100 and stock exchanges
  • Ability to analyse portfolio growth and present detailed analysis and forecasts to management and clients
  • Expert understanding of tax implications in regards to earning money through investments
  • Expert knowledge of different bank accounts, funds and pensions
  • Ability to communicate complex financial data and numbers in a simpler format
  • Up-to-date understanding of the rules and regulations imposed by the Financial Conduct Authority (FCA)
  • Qualifications from industry recognised bodies such as the Chartered Institute for Securities and Investment or the Chartered Financial Analyst Society

Asset Manager experience requirements

The level of experience required by an Asset Manager depends mostly on the size or importance of the portfolios they manage. Employers may hire entry-level Asset Managers with limited direct asset management experience to handle small portfolios and gain experience. Employers can also look for entry-level candidates who have gained work experience at financial institutions or banks. For multi-million pound portfolios, employers look for Asset Managers with three or more years of experience working in financial markets.

Asset Manager education and training requirements

Asset Managers require strong results in maths and English at GCSE and A-level. Employers look for applicants who hold a degree, with subjects such as maths, business and economics. However, employers prefer candidates with a postgraduate business degree who can demonstrate a sound understanding of financial tools and markets gained through further education.

Asset Manager salary expectations

According to Indeed Salaries, the average salary for an Asset Manager in the UK is £47,887 per year. Salary may be dependent on experience, location and company.

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Asset Manager job description FAQs

What is the difference between an Asset Manager and a Financial Manager?

Asset Managers focus on managing the assets and finances of external clients, such as individuals or businesses. Financial Managers are employed in-house by larger companies to handle internal finances. Consequently, Financial Managers focus on budgeting, company forecasts and profit and loss, rather than trading assets or growing portfolios.

What makes for an excellent Asset Manager job description?

An excellent Asset Manager job description details the size of the portfolios and assets that a candidate will manage. These details allow applicants to assess if they have the experience and ambition needed before they apply for the role. An excellent Asset Manager job description also details any specific trading platforms or software that applicants need to be familiar with.

What qualities does an Asset Manager need to be successful?

Asset Managers need to be able to cope with a fast-paced and challenging work environment. They need to be able to make quick decisions and trades under pressure with large sums of money at stake in the process. To succeed, Asset Managers need confidence, commitment and perseverance, while being able to thrive under high pressure.

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