Brooke Southall

This has been going on for a very long time and, in this case, makes sense for both BR and the sponsor in many cases- much lower costs (investing, operational etc.).  However, and this is important, the plan sponsor never obviates their fiduciary responsibility nor liability...they are always on the hook.

BlackRock CEO preaches a very RIA-like  future -- after three awesome wins in five months that total more than $200 billion -- where his $7 trillion manager gets every asset in exchange for unmatched 'completeness'

BlackRock

Larry Fink

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

Larry Fink's New York City firm  won 'whole portfolio advisor' OCIO accounts of AIG, British Air and General Dynamics by wholly accepting their fiduciary liability and headaches

BlackRock CEO preaches a very RIA-like future -- after three awesome wins in five months that total more than $200 billion -- where his $7 trillion manager gets every asset in exchange for unmatched 'completeness'

FAA

Related Moves

March 25, 2023 at 1:32 AM

March 5, 2025 at 3:20 AM

January 11, 2025 at 3:01 AM

June 7, 2024 at 1:44 AM

RIABiz Directory

White Paper Postings

Special Sections

Common Tags

Recent Articles

Popular Writers

RIABiz

Directory

Archives

Connect