Americas Best TAMPS 2024 - 6

2024 AMERICA'S BEST TAMPS
This can be good or bad for the
advisors who use each platform, but
at this state it seems there are more
benefits than drawbacks. Users get two
sets of tools after every merger, making
it easy to pick the one you like best and
leave the rest.
Asset managers are already figuring
out the role they want to play in this
landscape. Some are content to
remain strategic but silent stakes in
leading TAMPs. Others buy or build
their own. This provides them captive
distribution networks, but also ensures
they're around for the next phase of the
industry's evolution.
You can find out more in our companion
guide, the 2023 Model Portfolio & SMA
Strategists Guide. For now, it's enough
to say that using TAMP technology to
distribute investment ideas will take us
places the creators of mutual funds and
ETFs barely could have imagined.
Investors have real access to the best
ideas available, more efficiently than ever,
no matter where they live and work or
whoever happens to be their advisor
of record. And that's a great thing-as
long as you're the one making that
relationship happen, and making it work.
THE FUTURE IS HERE
Behind all the hype, every robo-advisor
app is a way of delivering pre-prepared
investment models remotely. That's the
exact domain of the outsourced portfolio
platform. The only difference? Robots are
purely automation, but a TAMP is stronger
with a human advisor behind the wheel.
An advisor with access to TAMP systems
can push many traditional responsibilities
of running client money out to third-party
experts, or just let the robots follow their
automated rules. The robots do a lot of
the heavy lifting, at a fraction of the cost,
and human advisors intervene as needed
to make sure everything is a perfect fit for
human clients.
Delegating this labor means advisors
can concentrate on what they do best -
especially sophisticated investment
strategies, financial planning or the
intricacies of relationship management.
Many use the extra hours to prospect
additional accounts, dropping the facade
of competing with the world's top asset
managers and marketing themselves
more effectively. Others might opt to
spend more time with family, favorite
causes or hobbies. That's good too.
Early adopters have been successfully
applying outside investment accounts
to their own client accounts for years.
They've built new business processes
around that proposition: taxes,
customization, socially responsible
TM
or " impact " approaches, planning-driven
solutions, and so on.
Others are still on the fence, watching
nervously as robots eat their lunch.
There's still time to get the upper hand on
the future-to wield industry disruption
as a competitive weapon. After all, if
other advisors have what you need, why
spend a fortune reinventing the wheel?
Bring their expertise in, trading them a
tiny piece of your fee income for a little of
their excess capacity.
You stop supporting redundant,
commoditized operations and redeploy
your resources to what you actually
want to do. That's a win for you. Other
advisors monetize their capacity without
having to capture client assets in an
already hyper-competitive landscape.
That's a win for them. And your clients
get world-class solutions, with a front
EXPLORE TOP
MODELS THAT WORK
WELL WITH TAMPs
Looking for the real innovators in model
portfolios?
Choose among the best-performing portfolios
from BlackRock, Invesco, Morningstar and
hard-to-find boutique asset managers in our
2024 Model Portfolio & SMA Strategists Guide
and interactive Digital Dashboard.
2024
MODEL PORTFOLIO
& SMA STRATEGISTSTHE DEFINITIVE GUIDE TO THE INDUSTRY'S
TOP TALENT AND STRATEGIES
OPPORTUNITIES FOR REGISTERED INVESTMENT ADVISORS (RIAs),
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6
http://www.MODELPORTFOLIOS.IO
Americas Best TAMPS 2024

Table of Contents for the Digital Edition of Americas Best TAMPS 2024
