Monthly Archives August 2018

Advantages and Disadvantages of Outsourcing Investment Management

According to a study by Cerulli Associates published in late 2017, approximately 54% of CFPs (Certified Financial Planners) outsource portfolio management, and 46% keep it in-house.1 Advisors are using outsourced “strategist firms” for “asset allocation, portfolio construction, tax management, risk management and the active monitoring of investments for different types of portfolios,” and outsourcing has continued to increase in popularity, according to Envestnet.2 Michael Kitces said in February that TAMPs (Turnkey Asset Management Platforms) and outsourced investment management “are the future for most advisors. TAMP solutions were first launched in the 1980s to actually handle the process of managing a
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Categories: Blog Posts.

Bad Clients versus Good Clients

When to Fire Bad Clients and How to Better Serve Good Ones Remember that old question, “Would you like to hear the good news, or the bad news?” When it comes to firing bad clients, it’s all good news, because releasing them will free up your time to provide better service to your good clients. The Definition of a Bad Client So what defines a bad client versus a good client? Financial Planning1 recently asked financial advisors just that. It’s definitely not how much money they have. Advisors said they typically get a great deal of joy out of helping
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Categories: Blog Posts.