Lisa Shidler

How RIAs are managing the Bill Gross problem -- from firing his old PIMCO fund, to detailed letters to clients to taking a good look at Janus

Cathy Curtis: I won't follow Bill Gross to Janus. 

PIMCO

Janus

DoubleLine Funds

Metropolitan West Asset Management

Cathy Curtis

Rob Siegmann

Bill Gross

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

Like all matters related to advice, advisors are determined to be decisive and articulate to clients

How RIAs are managing the Bill Gross problem -- from firing his old PIMCO fund, to detailed letters to clients to taking a good look at Janus

Related Moves

August 10, 2021 at 11:46 PM

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