Advisors Share Pros and Cons of Outsourcing Investment Management
Utilizing a TAMP frees up my time to take on more clients and help them with" comprehensive financial planning, said Michelle Bender of Potomac Financial Consultants, a certified financial planner in Germantown, Md. Prior to contracting with a TAMP in 2010, Bender spent nine years handling investment management on her own. "When I self-managed from 2001 to 2010, I had slower growth (in my practice)," she recalled. "It was time-consuming, and it puts pressure on the advisor to beat the numbers" by producing consistently superior returns.
Investor's Business Daily, August 16, 2019