Unified Managed Accounts offer a host of benefits to investment advisors and their end-clients. How can a Turnkey Asset Management Platform (TAMP) deepen the positive impact of UMAs on performance reporting, billing, and execution?
They may have been around since the 1990s, but Unified Managed...
A Turnkey Asset Management Platform – TAMP for short – can create opportunities for financial professionals to spend more time engaging clients.
But you may be asking yourself: What is a TAMP? Why should I use a TAMP? What benefits can a TAMP offer to an RIA? What does a TAMP cost?
Not all TAMPs...
Our From the Desk of the COO series features stories, strategies and solutions from GeoWealth’s Chief Operating Officer, Jack Hannah. This ongoing series will provide insights for those working in, or heading up, back and middle offices. Enjoy these views from our resident Operations Guru, Jack!
Start with the problem
In his seminal article, entitled “Marketing Myopia,” Harvard Business School’s Theodore Leavitt argued that companies, to their detriment, focus too much effort on creating and selling products and services, often failing to understand the problems and needs of their...
Our From the Desk of the COO series features stories, strategies and solutions from GeoWealth’s Chief Operating Officer, Jack Hannah. This ongoing series will provide insights for those working in, or heading up, back and middle offices. Enjoy these views from our resident Operations Guru, Jack!
Our From the Desk of the COO series features stories, strategies and solutions from GeoWealth’s Chief Operating Officer, Jack Hannah. This ongoing series will provide insights for those working in, or heading up, back and middle offices. Enjoy these views from our resident Operations Guru, Jack!
A recent industry surveyindicates that one hundred percent (that's right, 100%!) of advisors who have broken away from a broker-dealer or wirehouse are happier to be independent and would do it all again.
When you think about the reasons advisors pursue independence, it makes sense: higher...
Because it’s directly correlated to revenue, total AUM is the most common gauge for RIA growth. But AUM fluctuates based on market cycles, meaning it isn’t always indicative of the overhead required to operate the RIA.
In down markets, a firm’s total number of clients and accounts serves as a more...
If you’ve had any kind of onboarding experience before, with either a TAMP or traditional advisor technology provider, it was probably accompanied by several of these popular buzzwords: Flexible. Comprehensive training. Personalized. White glove. Onboarding should include all of those things – but...
The industry at large spends a lot of time focusing on the “P” in TAMP—that is, the Platform’s technology features and capabilities. And we aren’t denying the critical importance of cutting-edge technology to help advisory firms streamline operations, relieve back-office burdens, and deliver a...
If you’re an advisor using a legacy TAMP to run your business, you’ve probably thought this to yourself several times a day:I’m fine. It’s fine. Everything’s fine.But it’s far more likely that everything is not fine, and trying to convince yourself otherwise is only going to delay the...
TAMPs get a bad rap.They’re viewed as rigid and inflexible, forcing advisors to adjust their businesses to accommodate the TAMP platform instead of offering the flexibility and control to construct portfolios based on their own investment expertise and research.They’re built on cumbersome, outdated...
If you want to create and sustain a great experience for your clients, you first need to understand what they want and expect from you. In a recent and fairly exhaustive study on what clients expect from their investment advisors, Jeremiah Desmarais, one of the leading voices for...
Whether you are considering using a Turnkey Asset Management Platform (TAMP) or are currently using a TAMP’s services, it is worth highlighting three essential areas of your practice where the right partner can ease a lot of your stress and anxiety.
We often hear from clients that one of the allures of becoming an independent investment advisor is the freedom to build your business the way you want to, without fighting through the bureaucracy one would encounter with a broker-dealer.
Why did you become an independent advisor? There are likely several reasons, including a deep desire to help people fulfill their dreams of building a secure and prosperous financial future. The notion of service and personal commitment runs deep in your veins. You get to know your clients like...
Investment Advisors choose to practice their crafts under the RIA structure for a wide variety of reasons. Whether it's the desire to support clients as a true fiduciary, the ability to provide superior service, or simply the dream of operating as an entrepreneur, the motivations are compelling.
In retrospect, it’s amazing how far the independent investment advisory business has advanced over the past three decades and there is no doubt that technology has played a key role in that progress. In fact, the benefit to independent advisors from the last 30 years of technological advancement...
$500 million AUM is a notable achievement for an RIA firm, and Krieger Advisors had every right to celebrate when they hit that milestone in late 2019. Stephen Krieger and his partner, Carol Raimes, both advisors who formerly worked for an independent broker-dealer, started their RIA only two...
The executive leadership team at Acme Wealth Management knew they had a problem. More like several problems. Since launching its RIA as a single small office in 2012, the firm had enjoyed a remarkable run of success and now boasted a lofty $1 billion in AUM, multiple offices throughout the...
