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Financial Management Service

Acting as the U.S. government's money manager, FMS provides centralized payment, collection, and reporting services for the government, and using a centralized process, collects delinquent debts (e.g., Federal student, mortgage, or small business loans, Federal salary or benefit overpayments, fines or penalties assessed by federal agencies) owed to the United States government, as well as income tax debts owed to States and overdue child support payments owed to custodial parents.

Question: How to choose a portfolio management service or a financial planner ? What are the key parameters in choosing one? What are key parameters to consider before choosing one? Can you list out a few of the top firms?

Answer: Look for an investment that has averaged 12% in the last 20+ years. This is all you need to know. But you can keep on reading. Believe it or not those are two very different professions. A portafolio manager is always looking for investments that will bring profits to the assets under managent. A financial planner is the person in charge of distribution of finacial products. A portafolio manager (pm) is in charge allocation of the assets that investor gave them. When we are talking about big firms like Van Kampen, Fidelity, or Oppenheimer the portafolio mangers never meet an investor unless this investor has millions of dollars and asks to meet with the pm. They spend most of the time with their team analizing risk, asset class, and data that will improve the perfornace of their fund. A finacial planner( has the obligation to get people into the right kind of investment so they can reach their financial goals. They will help you with life insurance, investments, tax planning, estate planning and business succession planning and more. They work togerther even though they never meet each other most of the time. Most of the new clients that bring new money to a fund is brought by financial planner and stock brokers. The fp will recomend a certain asset allocation for you managed by some pm and he should tell you how much risk this investment takes. To choose one particular investment read the first line.

 


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