A Corporate RIA with over $1 billion in AUM was using a legacy TAMP and had an internal suite of investment management solutions managed by the Home Office.
Home Office sought to transition to a modern software to better address advisor onboarding and to provide centralized oversight for their 25+ Advisors.
Their current TAMP’s technology was outdated; it failed to make investments in modernizing the user interface and workflows. For example, the TAMP did not offer a client portal.
Their TAMP rented other technologies to power the platform, which contributed to an inflexible pricing model that was not able to adequately adapt with the growth of the Corporate RIA’s asset base.
An operationally inflexible TAMP meant the RIA was receiving a low-touch service model and slow trading timelines.
Flexible, tiered pricing that is aligned with the RIA’s growth plans. At scale, the marginal cost of outsourcing to GeoWealth was more cost-effective than insourcing.
They now use GeoWealth’s modern, proprietary technology which makes processes more efficient so the RIA requires a smaller in-house staff. The RIA is now able to provide a white-labeled client portal and additional reporting functionalities that the prior TAMP did not offer.
GeoWealth’s high-touch service model means that both Advisors and their end-clients get the answers and guidance they need faster.
The Corporate RIA transformed their business by transitioning to GeoWealth’s premium, modern software at 50% of their prior cost.
In GeoWealth, they found the long-term partner that they were seeking, one they trusted would innovate, invest, and grow alongside them.
Centralized advisor onboarding ensured greater control and consistency across this Corporate RIA’s various offices – all without having to hire more in-house staff.
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.
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