A fund manager plays an essential role in the functionality of a financial institution. However, many people don’t know exactly what a fund manager is. Successful fund manager Derry Gadson Elkhart recently discussed the role and importance of fund managers in multiple industries.
“Fund managers typically operate in one of four major industries,” Derry Gadson Elkhart said. “These include the infrastructure industry, the public sector, the financial investment industry, and the business and enterprise industry.”
For years, Gadson has specialized in helping young adults and youth begin their own business and trade programs. He is a financial consultant and the owner of the Basic Funding, LLC., firm.
“Simply put, a fund manager handles and oversees investments and funds for his or her clients,” Derry Gadson Elkhart said. “These clients can range from individuals to large corporations or even financial institutions.”
Gadson explained that these clients trust the fund manager to invest or use them appropriately. They must consider the client’s risk tolerance, future plans, and financial goals. A major part of this position is researching and knowing what different types of investments can do for a client. They must help the client understand why certain investment options are strategies may be best for them.
“The role of a fund manager is an ongoing one,” Derry Gadson Elkhart said. “We don’t just make investments for our clients then let them go to work. We’re constantly checking the progress of investments, consulting with our clients, making changes, and charting performance.”
Gadson explained that this dedication to a client’s needs is what makes a great fund manager. Many times, working individuals don’t have the time or financial knowledge to make their money work for them. A fund manager can help these individuals make the correct decisions with their money, so they can focus on their work, families, or other hobbies and obligations.
Derry Gadson Elkhart added that the process of becoming a fund manager is also one that continues throughout the course of a person’s career. A fund manager must always continue with education to preserve their licensing. In an industry that’s constantly changing, professionals need to stay up-to-date.
“The role of a fund manager is an essential one for many individuals and businesses,” Gadson concluded. “When you pursue this occupation, you can expect to enjoy a rewarding career in helping others achieve their financial goals.”