Oisin Breen

Wall Street bank infatuation with RIA service providers is getting quite long in the tooth.  What's on their agenda when the RIA layer gets dis-intermediated?  Hasn't happened yet, but it's on its way.

It seems fairly new to me.  And, RIAs just keeping appropriating the missiles sent to sink them. So I think normal ways of analyzing upcoming disintermediation may not work on RIAs.

It seems to me that the model is - a) aquire the technology provider, b) build it into the banks offering while still retaining the client base, c) remove the original brand name (along the founder's incentives to keep innovating), d) slowly watch the client base bleed out over the next 3-5 years - moving on to the next generation of startup; typically doing similar stuff under a new guise...e) rinse and repeat.

This has been going on since before Blackrock purchased FutureAdvisor 5 years ago.  Fun to watch though...

Jamie Dimon is late out of the gate, but vows to run twice as hard toward the RIA market,  purchasing 55ip and advertising his hunger to buy more

JPMorgan Chase

55ip

Jamie Dimon

Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between
the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a 
portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

TAMPs

The RIA business has many tech vendors working hard to serve its diverse needs, and we're seeing technology become a more crucial part of setting up and running an RIA than ever before.

The Technology section includes unbiased tech reviews, tech-related news, and coverage of tech-related conferences.

Technology

The famed JPMorgan CEO scooped up a Boston-based model portfolio startup that has a very RIA book of business.

Jamie Dimon is late out of the gate, but vows to run twice as hard toward the RIA market, purchasing 55ip and advertising his hunger to buy more

Brian Murphy

Brooke Southall

Jeff Spears

Brian Murphy

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Jamie Dimon is late out of the gate, but vows to run twice as hard toward the RIA market, purchasing 55ip and advertising his hunger to buy more

Brian Murphy

Brooke Southall

Jeff Spears

Brian Murphy

Related Moves

October 1, 2019 at 1:06 AM

April 2, 2019 at 6:11 PM

RIABiz Directory

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