Turnkey asset management programs are paid platforms for asset managers, broker-dealers, accountants and other financial professionals.
TAMPs can offer technology, back office support, and tasks such as investment research and asset allocation.
Envestnet, SEI, AssetMark, Brinker Capital and Orion Portfolio Solutions are examples of TAMP providers.
Turnkey asset management programs can help firms save time and allow them to focus more of their energy on finding new customers and servicing existing ones.
By working with a third party, the user of a ready-made asset management program gives up some control over part of the decision-making process, and also pays for the service.