Brooke Southall

LPL Financial finds a starting place to bring Fortigent into its mainstream mix

John Moninger: It's the first milestone, and many more to come.

Fortigent

LPL Financial LLC

Model Wealth Portfolios

John Moninger

Scott Welch

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

The big broker-dealer will leverage the acquired firm's alternative-investments research and portfolio management with a new offering

LPL Financial finds a starting place to bring Fortigent into its mainstream mix

Related Moves

September 24, 2019 at 2:02 AM

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