Genworth's TAMP is bought up by two private-equity firms for $412 million
After a long spell on the block, Aquiline Capital and Genstar Capital coughed up the cash to buy the roll-up of Altegris, AssetMark and Centurion
![Frederick Van Den Abbeel / TradePMR](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D9a88fe8848d2b9bf0942b0d85cc92765%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Frederick Van Den Abbeel / TradePMR
All my best wishes to the entire team at Genworth.
![Stephen Winks](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D56f485f5b262bcffd70f76b7db918db4%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Stephen Winks
The TAMP product business is evoving into the TAMP technology business. Today top Advisors are constructing expert personalized client portfolios at 8 bps completely circumventing platform fees and broker/dealer cost which maximized their margins, reduce cost to the consumer while being totally compliant to fiduciary duty, none of which is possible in e brokerage format.
The IB/Ds challenge is TAMP technology is taking their advisors in a direction that minimizes the value of expensive packaged products, the IB/Ds bread and butter. Margins at the IB/D are in conflict with the margins of the Advisor.
Essentially, expensive packaged products are being renderd obsolete by advance technology that facilitates a much higher degree of portfolio detail to be managed in the clients best interest.
The value added is in process facilitated by advanced technology managed by advisors, not products.
SCW
![Grammer KnotZ](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D24f8e9ac28f8bc9428062cc7b526b3f6%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Grammer KnotZ
There is a typo above the sentance
“Life isn’t easy but there are things in life worth pursuing.”
It says gface instead of face.
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November 29, 2018 at 11:54 PM
SEI Advisor Network
TAMP
Top Executive: Wayne Withrow
ECHELON Partners
Consulting Firm
Top Executive: Daniel Seivert