24 Things to Know About Your TAMP

Your Guide to Selecting the Right Provider

If you feel stuck choosing between technology and service, then it’s time to evaluate whether your TAMP is the best fit for you. Whether you’re switching TAMPs or deploying a new TAMP model at your firm, asking the following questions can aid your evaluation process.

24 Questions to Ask Your TAMP:

When evaluating Turnkey Asset Management Platforms (TAMPs) for your firm, its important to evaluate the technical capabilities offered as well as the team you’d be partnering with. Here’s a list of questions to guide your exploratory conversations with potential solutions providers:

Differentiators

01

“What makes you different from other TAMPs?”

02

“What is the current make-up of your client base?”

03

“Why do advisors choose to work with you over other providers?”

04

“How scalable is your TAMP platform to grow alongside my own practice?”

Pricing & Fees

05

“How are your TAMP fees structured?”

06

“What are the fees for models on your model marketplace?”

Service & Support

07

“How responsive is your support team when I have a question?”

08

“Who do I contact when I need support; Do I have a dedicated relationship manager?”

09

“How do I access support? Is it an offshore call center?”

Onboarding & Transitioning

10

“How long does the transition and/or onboarding process take?”

11

“What training and resources are available to my staff as they learn how to use your TAMP?”

12

“What paperwork or processes are required to transition clients to your TAMP?”

Functionality

13

“What specific functionality do you offer RIAs of my size?”

14

“Can your platform be white-labeled?”

15

“Do you trade for me, or do I need to do the trading myself?”

16

“Do you handle my billing? Can you pull fees or do you use invoices?”

17

“How robust are your reporting capabilities?”

18

“How do you handle compliance and regulatory requirements?”

Integration

19

“What integrations do you maintain with other technology solutions?”

20

“What custodial relationships do you maintain?”

Investment Solutions

21

“What is your investment philosophy?”

22

“How do you conduct manager due diligence?”

23

“What’s your process for monitoring and adjusting investment strategies?”

24

“What types of investments does your platform support; What investment models would I have access to through your TAMP?”

Is Your TAMP Provider a True Partner in Growth?

Is your TAMP a platform that you simply work in? Or is their team working in tandem with yours, offering tailored solutions and training helping you maximize your outcomes?

Here are some key things to look for in any strong TAMP partnership.

Dedicated Relationship Manager

Every GeoWealth client is paired with a designated Strategic Consultant to support to and through transition and adoption of the platform.

Specialized Training Programs

We provide in-person or remote training sessions, branded training documents, a video library, and tailored training pathways for all of your stakeholders.

Seamless Support

No 1-800 numbers, no long wait times. We stay engaged with your firm as you grow and your needs evolve. We’re always here for your questions and act as an extension of your team.

A Philosophy of Innovation

Our platform is always evolving – new features, new functionality, deeper integrations. Our proprietary platform puts us in charge of our product roadmap, meaning faster innovation.

White-label Capabilities

Throughout the platform, we display your logo, color palette, and brand identity. We also white-label your proposal document template, your reporting templates, and your training documents.

Competitive Pricing

All GeoWealth contracts are custom to each firm we work with and terms are based upon firm characteristics and service needs. Often, tiered pricing with breakpoints are worked into GeoWealth contracts.

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7 Keys to Partnering with the Right TAMP for Your RIA

Selecting the right TAMP for your practice requires thorough due diligence when evaluating competing offers. But what should you be looking out for? What is most important to you, and to your clients? How can you ensure you get a suite of solutions that will meet your evolving needs?

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Could GeoWealth Be the Right Fit For You?

GeoWealth is more than a technology provider or TAMP offering. We’re your partner in growth, no matter your business goals. Whether you want to launch a new business or to evolve your firm’s operations, GeoWealth builds solutions custom-fit to your practice and provides ongoing service at every stage of growth. GeoWealth runs alongside your advisory firm with compliant and flexible solutions designed to help you serve clients and grow your business.

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