Differentiation is a buzzword in the financial services industry; there’s plenty of “why” surrounding it, but “how” is another story. In a market that’s becoming rapidly commoditized, how do advisors stand out?
The answer isn’t simply investment performance. To remain relevant and competitive, advisors need time to strengthen client relationships, stay on top of new technology trends, and manage their firms in efficient, scalable ways.
Ironically, it’s investment management tasks that prevents them from doing this. But some advisors are still reluctant to redistribute those tasks, even if outsourcing could ultimately be the answer to that tough differentiation question.
To help you make the decision about whether or not to take a less hands-on approach to investment management through TAMP, here are five common myths about outsourcing, dispelled.