Become a Fund Manager in 4 Steps

How’s it going, everyone? Today, I want to tell you how to become a fund manager in 4 steps!

But first, let’s do some story time with Lincoln Archibald

Why Not You?

When I was in high school, I told my buddy that I wanted to work for the NFL, but quickly rationalized that I wouldn’t because it wasn’t realistic.

My buddy looked me straight in the eyes and said, “Lincoln, you’re the most hard-working and ambitious guy I know. Somebody’s got to do that job. Why not you?

I did not end up pursuing a career in the NFL due to a change in my desires, but I’ve tried to adopt my friend’s mentality.

In school I discovered finance, then alternative investments, then merging managers; I decided that’s exactly where I wanted to spend my time. So, I pursued it and I’m now doing it!

Can you say the same thing? Are you doing what you want to do?

For those who want to be emerging managers, there are 4 psychological stages you need to pass through before actually starting.

After talking with numerous people about their future career as an emerging manager, I’ve noticed a pattern of 4 things that everyone needs to work through before doing it.

The 4 Steps

#1 Desire

You need your ‘why.’ I don’t care why, but you need to know for yourself and have that desire.

Some of you might want it because PE or VC is sexy; that’s great.

Others might just want to make a ton of money.

Or you just want to be the best you can be in your respective asset class or sector.

Either way, knowing your why will help you work through the excuses.

#2 Belief

Believe in your ability to run a team, raise money, or realize certain processes.

To get from desire to belief, the actionable step is education.

Go educate yourself.

#3 Conviction

Conviction is confidence in your beliefs. How do you get there?

You need to have experience.

Belief is a theory, and conviction is a practice.

Many people gain conviction through syndicating a deal, getting a track record, or running an incubator fund.

Let’s say you’re raising money for your fund. You may feel like an inconvenience to potential investors…

However, if you know you’re a good asset manager and know you can make them money, then you’ll have the conviction that you’re not wasting people’s time, you’re doing them a favor.

Like Lincoln said in his video…

“Quit approaching this with a scarcity mindset. Approach it with an abundance mindset. There are so many people that need their money managed. Why not you?”

Life hack: If you’re young or unexperienced, go partner with someone else. Borrow someone else’s conviction and leverage it.

#4 Commitment

If you have conviction, all you need to do is commit. Decide you are committed.

When you make a real decision, you cut off all other outcomes. There’s no other way.


So, here’s how you can psychologically become a fund manager in 4 steps…

  • Desire
  • Belief
  • Conviction
  • Commitment

If you are now committed to starting your own fund, good for you!

Visit Fund Launch if you need some help getting started.

That’s it for today!


DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the author

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