What it is

PMS

Portfolio Management Services allow a professional portfolio manager to manage securities on an investor’s behalf under an agreed mandate. The portfolio may hold individual shares, bonds, and other permitted instruments directly, rather than units in a pooled scheme. The manager follows the stated investment strategy, reporting process, and applicable regulatory requirements.

A PMS can be discretionary, non-discretionary, or advisory, depending on how investment decisions are made. Its composition, performance, charges, liquidity, and tax treatment can differ from one portfolio to another. The service is designed around the selected mandate, so investors should understand how it operates, the risks it permits, and the conditions attached to it.