Four Questions to Ask Before Selecting a TAMP
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A turnkey asset management program (TAMP) provides financial advisors with an easy way to outsource investment management and research. While there are many benefits to using a TAMP, the three main ones are increased efficiency, lower costs, and improved risk management.
A TAMP helps advisors save time and increase efficiency by simplifying the investment process. Advisors outsource due diligence, portfolio construction, and ongoing monitoring to the TAMP provider, freeing up their time to focus on other important tasks, namely attracting and serving clients.
By consolidating multiple tasks into one platform, advisors save on administrative costs. TAMPs improve risk management through access to sophisticated analytics and reporting tools. This information can create customized portfolios that are designed to minimize risk while still meeting client objectives. In today’s volatile markets, TAMPs provide an important layer of protection for both financial advisors and their clients.