Alan Moore and Michael Kitces join forces on this episode to address a topic that they have been getting a lot of questions about recently. They address the challenges that have been present when working with TAMPs and why they decided to launch XY Investment Solutions ( with the specific needs of XYPN members in mind.

You can find show notes and more information by clicking here:…(read more)

LEARN MORE ABOUT: IRA Accounts

INVESTING IN A GOLD IRA: Gold IRA Account

INVESTING IN A SILVER IRA: Silver IRA Account

REVEALED: Best Gold Backed IRA

In episode 136 of the “Alan & Kitces Unhinged” podcast, hosts Michael Kitces and Carl Richards discussed the topic of leveraging a TAMP (Turnkey Asset Management Program) to grow your financial planning practice. The episode delved into the various ways in which financial advisors can use TAMPs to streamline their investment management process, increase efficiency, and ultimately scale their practices.

For many financial advisors, managing client investments on their own can be a time-consuming and resource-intensive task. This is where TAMPs come in handy, as they offer a pre-packaged investment solution that allows advisors to outsource the investment management component of their practice. This, in turn, frees up valuable time and resources that can be redirected towards other aspects of their business, such as client acquisition, financial planning, and relationship-building.

During the episode, Kitces and Richards highlighted the benefits of leveraging a TAMP, such as the ability to access a diverse range of investment strategies and models, without having to individually research, select, and manage each one. This can be particularly advantageous for advisors who lack the expertise or capacity to effectively manage investment portfolios on their own. Additionally, TAMPs often provide access to institutional-quality investment options, which may not be readily available to individual advisors.

Furthermore, the hosts also discussed how TAMPs can serve as a valuable tool for advisors looking to scale their practices. By partnering with a TAMP, advisors can potentially expand their client base without necessarily having to increase their internal resources. This is because TAMPs typically offer economies of scale, allowing advisors to efficiently manage a larger number of client accounts.

Kitces and Richards also touched upon the importance of due diligence when selecting a TAMP, emphasizing the need for advisors to thoroughly evaluate the various offerings available in the market. Factors such as the TAMP’s investment philosophy, track record, fees, and overall compatibility with the advisor’s practice should be carefully considered before making a decision.

Overall, episode 136 of “Alan & Kitces Unhinged” provided valuable insights into the potential benefits of leveraging a TAMP to grow a financial planning practice. By effectively outsourcing investment management to a TAMP, advisors can enhance their operational efficiency, diversify their investment offerings, and ultimately position themselves for long-term success in an increasingly competitive industry.