goRIA’s list of turnkey asset management providers
With today’s technological advancements, financial advisors, insurance companies, broker-dealers, law firms and CPA firms never had it this good. Nowadays, turnkey asset management providers (TAMPs) can handle many administrative and back-office functions when it comes to managing clients’ investment accounts.
By using TAMPs, finance professionals can save time and increase their profitability. This is achievable by delegating the tedious tasks, so they can spend more time getting new clients and maintaining their relationships with current clients.
Since their introduction in the 1980s, TAMPs have also provided the added benefit of limiting investment firms’ liability in cases where the investment performance was less than ideal.
In this article, InvestmentNews provides a list of turnkey asset management providers in the USA.
Here are some turnkey asset management providers to consider for your asset management needs:
TAMP AUM: $4 trillion
website: envestnet.com
custodian: FNZ at present, but with plans to self-custody soon
type of program: TAMP, unified managed accounts (UMAs), model portfolios, portfolio management tools, financial planning solutions, data analytics and reporting
Possibly the leading provider of integrated portfolio, practice management, and reporting solutions for financial advisors and institutions, Envestnet is a popular TAMP.
Envestnet is renowned in the industry for its innovative technology solutions that help advisors streamline their operations and deliver personalized financial advice to clients. Currently, Envestnet remains a key player in wealth management, serving a broad range of clients and finance professionals.
TAMP AUM: $443.6 billion
website: SEI.com
custodian: self-
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