By Scott MacKillop
Originally published on Financial Advisor
The term TAMP is an acronym for “turnkey asset management provider.” TAMPs provide outsourced portfolio management services for financial advisors and their clients.
When selecting a TAMP for a client, an advisor should structure their due diligence process to focus on client benefits. As a starting point that means a review of the TAMP’s people, process, performance, pricing and portfolios (or products). These are the so-called “5 Ps” that should be the focus of any asset manager due diligence process.
Read the full article on Financial Advisor.