A Portfolio Management Service (PMS) is a professional investment service offered by financial institutions, portfolio managers, and brokers to manage a client’s securities and assets in a systematic and customized way. PMS helps clients achieve their investment objectives by tailoring strategies according to their risk appetite, financial goals, and time horizon. Here's a breakdown:
Customization: Unlike mutual funds, PMS provides individualized investment solutions tailored to the specific needs of high-net-worth individuals (HNWIs).
Active Management: Professional portfolio managers actively manage the portfolio by making timely buy and sell decisions based on market conditions and the client's objectives.
Personalized Service: Each client holds a separate portfolio, and the management is done in line with their preferences.
Transparency: PMS clients receive detailed reports on their portfolio's performance and decisions made by the portfolio manager.
Ownership: In PMS, clients hold the securities directly in their names, giving them more control and transparency over the investments.
Flexibility: Clients can customize their portfolios by selecting the types of assets (stocks, bonds, commodities, etc.) based on their financial goals.
Discretionary PMS: The portfolio manager takes all decisions related to investment without the need to consult the client.
Non-Discretionary PMS: The portfolio manager provides advice, but the final investment decisions are made by the client.
Advisory PMS: The portfolio manager gives investment recommendations, and the execution is carried out based on the client's approval.
PMS is generally suited for: