MIchael Stier, Guest Columnist

How the breakaway movement is driving the outsourcing trend

Michael Stier: Firms that are serious about attracting breakaway advisors increasingly find themselves engaged in potentially cathartic internal re-evaluations

Breakaway Resources

Adhesion Wealth Advisor Solutions

outsourcing

Michael Stier

Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between
the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a 
portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

TAMPs

Simplifying day-to-day tasks is at a premium for firms set on executing intensive growth strategies

How the breakaway movement is driving the outsourcing trend

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