So in a recent “Office Hours with Michael Kitces”, Michael laid out his “Questions You Should Ask a TAMP or Other Outsourced Provider”. Hmmmm....we thought it would be a great idea to answer all of those questions!
Ok, so this one is lengthy (17 minutes) but we answer ALL the questions AND we put some chapters on it so it’s easy to navigate. Here’s what we cover:
- The Three P’s to Ask
- Process + Procedures
- PLUS...a bonus P of Portability
- What platforms do you support?
- What tech do you provide?
- What about additional services?
- There’s really nothing else to buy (the Apple model)
- Your investment management back office
- Marketing content and acting as your investment committee or advisory council - we can even sit on your website
- CFAs and experts in your corner
- What is the cost?
- How does XYIS keep costs low compared to other TAMPs
- What about the underlying investment costs?
- What is your ideal advisor profile?
- How do you discuss this value with clients?
As always - if you have any questions let us know at firstname.lastname@example.org or (360) 301-7579.