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When developing your investing strategyyou may find yourself seeking some help. Yet between financial planners, financial advisors and money managers, it how money managers make money be tough to pick the right resource for you. Each specialization varies ever so slightly, but tapping the right expert could make a big difference to your bottom line. Here, we breakdown what a money manager is, how they differ from other financial professionals and how to determine whether you need one. Also known as portfolio managers or investment managers, money managers are people or organizations that provide personalized advice and handle portfolios. Speaking of clients, money managers can manage portfolios for organizations as well as individuals. Unlike investment brokersmoney managers earn a fee rather than commissions on transactions. In most cases, clients pay their manager a percentage of their managed assets. As such, both the money manager and the client want the portfolio to flourish.