Brooke Southall

Charles Goldman's turnaround of Genworth castoff leads Chinese investor to pay stunning price

Charles Goldman: They're buying the management team.

AssetMark

Totum Wealth

Huatai Securities

Moelis & Company

Raymond James & Associates

Starr Strategic Partners

Charles Goldman

Dan Seivert

Min Zhang

Zhou Yi

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

AssetMark grew from $21 billion of AUM to $29 billion but PE firms made quick 300% return

Charles Goldman's turnaround of Genworth castoff leads Chinese investor to pay stunning price

Related Moves

February 24, 2021 at 3:31 AM

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