Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
More
Related Categories
Tip of the Day

Tip of the Day Pay Off High Interest Debts Before You Start Saving

Pay Off High Interest Debts Before You Start Saving - A lot of people feel they should start saving while still paying high interest payments on their debts. This...

read entire tip

Recently Added
Other Great Sites
 

Trust Fund Manager

A trust fund manager is an individual that is responsible for the management of investment funds. Sometimes referred to as a fund portfolio or mutual fund manager, the trust fund manager oversees all aspects of fund management from the initial transaction to the close of the investment on the portfolio. There are several types of investment funds that a trust fund manager must deal with: mutual funds, hedge funds or private investments. Unlike mutual funds, hedge funds and private investments carry a high risk for investors so the trust fund manager must be well equipped to handle the operations of these funds.

Mutual funds are managed by mutual fund accountants and trust fund managers. These individuals are considered private accountants and managers because they work from the mutual fund company and not a public firm.

A trust fund manager handles the accounting functions for the mutual funds the company is responsible for. The accounting functions include: maintaining balances in the accounts, making sure the company is compliance with the Securities and Exchange Commission (SEC), provides detailed annual and monthly reports on profit/loss and fund values, calculate the Net Asset Value (NAV) on each fund the company has, determine the current cash value on each fund the company has, and acts as a liaison between investors and internal management.

Qualifications for a trust fund manager are: a 4 year business degree preferably in Accounting or Finance and possess excellent mathematical and computer skills. Some employers require a Masters degree in Accounting or Certified Public Accountant (CPA) certification excellent mathematical and computer skills.

Salaries for mutual fund accountants depend on the level of experience and education the individual has. Entry- level trust fund accountants can start from $40,000-$60,000 per year. Experienced trust fund accountants can earn from $60,000-$100,000 per year.

Also, a trust fund manager is responsible for managing the daily financial happenings of an investor’s portfolio. Depending on the size of the company, the fund manager could oversee several portfolios. The trust fund manager takes care of buying and selling of securities and reworking of the portfolio if the funds take a hit on the market. Unfortunately, trust fund managers are the first people to take the brunt of when a fund does not perform well. Mutual fund managers are asked to discuss how the fund is performing to internal management as well as investors but are not allowed to discuss how much the company holds in any mutual fund.

In addition to certifications, trust fund accountants and managers must maintain professional credits in order to be in good standing with governing boards.

Discuss It!

Marketing Research Homework Help said:

good essay thank you so much i will find you again. hope to read smth like this next time

Custom Essay Writing Service said:

Great info! I recently came across your blog and have been reading along. I thought I would leave my first comment. I donât know what to say except that I have

Accounting Project Help said:

Sure such as good articles post in this glod and fabulous i am very good site post Thanks for this nice article,

thesis writing service said:

That was a very needy help for me.Thanks and keep sharing.

Ronald Rajnesh Gounder said:

Dear Partner, Who we are and what we do... We are UK based Financial Services company, we write to introduce our company as financial and investment brokers. Our company can assist you in seeing opportunities, securing project and investment loan funding, bank instruments (Bank Guarantee (BG), Standby Letter of Credit (SBLC)) to aid you secure funds appropriately from any global AAA+ rated banks or top investment house to fund your projects from mid- range to massive projects any where in the world. Our area of specialisation focuses more on helping our clients with securing investment loan and leasing bank instrument (BG or SBLC) from AAA+ rated banks. Contact us today if you have projects that require funding from 1M - 5B and we will be more than glad to advise and work with you. Mr Ronald Rajnesh Gounder Email: grounesh.advisory1@gmail.com Skype ID: grounesh.advisory

Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Fully Diluted Earnings per Share

Fully Diluted Earnings per Share - Fully diluted earnings per share is a term used to define the smallest amount of earnings per share. The formula to compute this is by taking the smallest figure earnings per common share and computing earnings per share. This will give you a...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com