RIAs leverage TAMP tech the most: Report
Turnkey asset management platforms hold more than $2 trillion in managed wealth, and RIAs are the group that's funneling the most assets into TAMPs.
February 8, 2021
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In fact, TAMPs hold more than $2 trillion in assets under management and administration, according to estimates from Tiburon Strategic Advisors. An adviser with access to a TAMP can offload many of the traditional responsibilities of managing client money — from onboarding to rebalancing — and let the robots and automated tech do the heavy lifting at a fraction of the cost. TAMP fees can run from 85 to 280 basis points depending on the underlying complexity and cost of the incorporated investments, according to the report.