Hey guys, kind of a random question, but how important is a CFA in regards to being an Portfolio Manager? I'm not really too knowledgeable regarding alot of the titles in the finance world, but is it potentially a cause for concern or not really. I fall into the perhaps foolish view that having one as opposed to not having one simply means somebody is more qualified/better educated etc. Typically, I would have thought its always preferred. I will admit that when I was originally looking, that I thought it seemed more like a bare minimum that they needed to have, and not something that would set them apart from the other potential portfolio managers. Again, maybe I'm mistaken, and that it is something more important for financial advisers who I think are those who tell me how to spend my money/make plans for saving etc, whereas the PM is more doing the actual investing help?
I was discussing this with a friend, and the viewpoint they had was that my Portfolio Manager was more of a, I dunno, customer relations guy I was dealing with. Somebody I'm meeting once a year to kinda go over my plan, talk with briefly for like 15 minutes, and then never really speak with again for about a year. That they are not really "doing" most of the stuff behind the scenes, and thus in my case, them not having a CFA is not really that big of a deal.
I will say that it is at one of the main banks, and the account is a fairly large one with more than a million.
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