CASE STUDY
Moving from an Expensive, Outdated TAMP
supercharging an independent RIA
This independent RIA was growing quickly, but their TAMP couldn’t keep up with their demands, plus it was too expensive. By switching to GeoWealth, this RIA was able to save over $150,000 per year — cutting their tech costs half — which it could then reinvest in growing and marketing the firm.
THE OUTCOME
$150,000 saved per year
By switching to GeoWealth, the Independent RIA is able to save over $150,000 annually on TAMP services. This cost savings is used to reduce client advisor fees and to invest in additional marketing and prospecting tools, which allows the RIA to further scale their practice.
CLIENT TYPE
Independent RIA
$50M AUM
TECH STACK COST
50% Savings
VS. PRIOR TAMP
FIRM AUM
$50 Million
Growing ~$10 M year-over-year
ANNUAL SAVINGS
$150,000
Reinvested into growth & marketing
COST SAVINGS
-50%
Lower cost vs. legacy TAMP
MODEL MANAGEMENT
100%
Outsourced to GeoWealth
CLIENT PROFILE
A growing RIA expanding from insurance into investment advice.
- Independent RIA with $50 million in AUM growing by roughly $10 million year-over-year while outsourcing 100% of model management.
- Traditional Insurance Advisor who has increasingly focused on providing advice on clients’ investment needs over the last few years.
Our old TAMP licensed someone else’s technology. We were paying a premium for the same platform.
THE COMPARISON
Where the old TAMP fell short and how GeoWealth added value
Diving into the constaints of this client’s legacy TAMP against GeoWealth’s solutions.
Pain Points
Their Legacy TAMP
Cost
The TAMP they were using was very expensive because it licensed technology from another provider to power its platform
Rigidity
Their legacy TAMP was not open architecture and offered only a select menu of proprietary models.
Contracting
Sub-advisory relationships were not allowed by the TAMP, so the RIA had to become an IAR of the TAMP home office.
Reporting & Collateral
The TAMP did not provide any client facing portfolio reporting, model collateral, or fact sheets.
GeoWealth’s Solutions
How This Client Was Able to Achieve Cost Savings
Cost Savings
GeoWealth provides TAMP sub-advisory services at more than 50% cost savings due to our ownership of the technology powering our platform.
Models with Collateral
GeoWealth offers a broader model marketplace menu to accommodate the unique needs of this RIA’s client base, plus a robust suite of client-facing research and collateral for the models and managers on our platform.
True Sub-advisory
GeoWealth works as your sub-advisor so your firm stays in control of the client relationship, brand, and contract. No IAR conversion required.
UMA Reporting
GeoWealth provides sleeve level portfolio reporting accessible via a Unified Managed Account (UMA) structure.
MEANINGFUL RESULTS
$150,000 saved per year — reinvested back into the firm.
This client’s original TAMP licensed its core technology from a third party, baking a markup into every client account. GeoWealth’s fully proprietary platform removed that markup.
This Independent RIA’s annual cost savings of $150,000+ is used to reduce client advisor fees and to invest in additional marketing and prospecting tools, which allows the RIA to further scale their practice.
Better still, the platform’s broader model menu, UMA sleeve reporting, and true sub-advisory contract meant the firm wasn’t trading capability for cost.
LEARN MORE
MODEL MARKETPLACE
This client now has access to 750+ individual SMA, UMA, and stock models available across equity, fixed income, alternatives, and multi-asset class.
MOBILE APP
This client now has access to the GeoWealth app, a white-labeled mobile experience for their advisors and their advisor’s clients.
For Investment Professionals Only. This case study is provided for illustrative purposes only and is meant to provide an example of GeoWealth’s process and methodology. There can be no assurance that GeoWealth will be able to achieve similar results in comparable situations. No portion of this case study is to be interpreted as a testimonial or endorsement of GeoWealth’s investment advisory services. No compensation was paid.
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