The key to success is to make thoughtful, vetted investment decisions that match your client’s portfolio risk to their risk tolerance and remain consistent over time. These rules are not new to financial advisors, but that does not mean that today’s investment platforms make them easy to implement. A digital wealth management platform helps you to accomplish these goals.
Most TAMPs are very similar and provide the software and tools needed for CPA Financial Planners to execute trading management, billing, reconciliation and reporting, client relationship management, financial planning, and more. That's why partner choice revolves more around expertise and the fine details.
The first generation of TAMPs were a timely solution for the newly independent fee-based advisors, yet they were rigid in structure. Early TAMPs controlled the direct relationship with the custodian, oftentimes resulting in inefficient communication and clunky custodial service for the end-user advisors and their clients.
The elite platform discussed a "pause" in the rate cycle in mid May and now sees inflation "higher for longer." That's the kind of market partner that every advisor wants on speed dial.
Only in the extreme case where every stock in the S&P 500 goes down or every stock goes up will SPY be as efficient in loss harvesting as a direct index. And of course tax loss harvesting is only part of tax management.
For years, direct indexing was thought of as a portfolio strategy reserved for the high net worth. That time is over. Now, advisors of all sizes can serve clients of any wealth level with customized SMA strategies—and do it at scale.
"I want to thank everyone for supporting Dynasty Financial Partners, who make this recognition possible. To our investors, our resource partners, our amazing clients, the Tampa/St. Pete community, our spectacular team at Dynasty, and my friends and family, Thank You! We are so blessed at Dynasty to live our American Dream by helping others live theirs!”
