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Turnkey Asset Management Program (TAMP)

Turnkey Asset Management Programs, or TAMPs, are comprehensive asset management solutions designed to provide financial professionals with increased efficiency and reliability while greatly simplifying their workflows. TAMPs provide a variety of features, including technology and back-office administration, investment and asset allocation research, and more--all in one solution. By partnering with a third party, TAMPs can help financial professionals and firms save time and money while allowing them to focus on expanding their client base and providing great service.

At the core of TAMP is a technology platform that allows for investment selection, integration of back-office services and administrative operations. Typical features include portfolio modeling and rebalancing, performance and reporting, compliance, client onboarding and other core functionalities. At the same time, the TAMP platform can provide access to various outside investment products and strategies, including mutual funds, ETFs, model portfolios and more.

TAMP providers typically offer a wide range of services that can help streamline their client’s operations most notably reducing custodial platform costs, and providing reliable reporting capabilities, as well as portfolio management and trading and rebalancing technology. TAMPs help financial professionals access to top-tier investment strategies at normally unattainable prices, creating an attractive offering for their clients. Top TAMP providers such as Envestnet, SEI, AssetMark, Brinker Capital and Orion Portfolio Solutions manage millions of accounts and billions of dollars in assets.

For financial professional and firms, turnkey asset management programs keep daily operations running smoothly, eliminating the need for complex and time-consuming manual processes. Employing a TAMP can help advisors manage more clients and provides them with the security of working with a trusted third-party provider. For clients, turnkey asset management programs can reduce the expense of running a portfolio, as well as increasing speed of execution and simplifying the administrative process.

Overall, turnkey asset management programs provide a number of advantages. By leveraging the services of a TAMP, financial professionals and firms can greatly reduce their operating costs, increase their exposure to high-quality investment strategies and streamline their operations. This, in turn, can result in increased growth, more satisfied clients and more focused advisors.

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