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How exactly Invesco plans to get a return on its Jemstep robo purchase with a TAMP-evoking strategy

The $800-billion Atlanta money manager is trying a modern model portfolios play on buying distribution for a more prominent seat at the table

Wednesday, January 13, 2016 – 9:39 PM by Lisa Shidler
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Peter Intraligi: This is completely open architecture.

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Aite Group
Consulting Firm
Top Executive: Frank Rizza

Stephen Winks

Stephen Winks

January 14, 2016 — 11:17 PM

Jemstep makes “individualized advice” possible for Invesco which is constrained by prospectus from being client specific. It is a brilliant strategy which empowers wholesalers in very powerful ways which are client specific outside the reach of conventional mutual fund companies. There are limitless applications which can enhance the proficiencies of advisors in rendering advice resolving the inherent conflicts of b/ds supporting brokers in rendering advice (incurring fiduciary liability). The support of fiduciary duty may be more easily achieved by Jemstep/Invesco than by b/ds whose compliance protocol do not acknowledge their brokers render advice. Jemstep/Invesco can illustrate how a recommendation impacts all a client’s holdings as a whole which is a fiduciary duty and greatly elevates the role and counsel of the broker. Advisory services innovation is taking a different form than anticipated, but in doing so, Invesco wins big. Active management can add value and Invesco can now show how.

Stephen Winks

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