Scott MacKillop discusses the top benefits of using a Turnkey Asset Management Provider for financial planning firms.
Listen to the interview on the Business Innovators Radio Network:
Scott explained: “One of the major advantages of using a turnkey asset management provider is that they offer various services to help manage investments more efficiently. This includes research and analysis, portfolio optimization, performance monitoring, risk management, rebalancing, tax planning, and cost savings. They can also provide advice on how to utilize resources best. Additionally, they can handle the paperwork associated with investing, such as documentation and compliance regulations.”
Turnkey asset managers are also well-versed in financial planning concepts and regulations. As these professionals know the latest industry trends and understand legal obligations related to investing money in clients’ accounts, firms often rely on them for guidance when making important decisions about their financial future. They provide valuable insight that can help a firm make the right decisions and stay compliant.
With all these advantages, it’s easy to see why financial planning firms are turning to turnkey asset management providers for assistance in managing their investments. These professionals often have relationships with major institutions that offer better terms than those available in the open market. As such, they can secure more favorable pricing when it comes to investments and help clients maximize their returns.
With the help of a turnkey asset manager, financial planning firms can make sound decisions that will benefit both themselves and their clients. These professionals have a wealth of knowledge and experience in risk management and portfolio optimization, so they can help people make the most of their resources. They work hard to ensure that their client’s money is well-managed and protected per industry regulations—allowing them to focus more time on building successful plans for their client’s financial futures. In addition, turnkey asset management providers can often guide how to allocate future investments best, ensuring that firms take advantage of all available options for growing their financial portfolios.
About Scott MacKillop
Scott MacKillop is CEO of First Ascent Asset Management, the first flat-fee turnkey asset management program (TAMP).
First Ascent has been ranked by advisors as the #1 TAMP for the past 3 years (2022, 2021, 2020) in the T3/Inside Information Advisor Software Survey.
Last year Scott won the “CEO of the Year–Asset Managers” WealthManagement.com Industry Award and a ThinkAdvisor Luminaries Award for Executive Leadership.
Scott has served as president or CEO of 5 TAMPs and is a pioneer in the TAMP industry.
Scott has written over 160 articles and papers on investment-related and practice management topics and has spoken at over 100 conferences, webinars, and podcasts.
Learn more: https://firstascentam.com/
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