Institutional money managers, such as mutual funds, pension funds, and endowments, are the buy side of Wall Street.
Buy-side institutions use proprietary research to make investments for the portfolios they manage and don't interact with or make recommendations to individual investors.
In contrast, sell-side institutions such as brokerage firms act as agents for individual investors when they buy and sell securities, and make their research available to their clients.
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- Actively managed fund, Audit committee, Enhanced index fund, Institutional investor, Managed account, Management fee, Money manager, Passively managed, Portfolio manager, Prudent man rule, Wrap account
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