(Verdict) You can improve a financial advisor’s client engagement and lower stress levels by outsourcing investment management.
The findings are from a survey commissioned by wealth management technology provider AssetMark Financial Holdings.
AssetMark polled 702 financial advisors for the study. Of the surveyed advisers, 560 outsource their investment management activities and 142 currently do not outsource such activities.
Of the advisors polled, more than two-thirds said that outsourcing supports the client acquisition process.
At the same time, 98% of the advisors opined that outsourcing enables them to offer better investment solutions. The survey also found that:
- 84% of the advisors said that outsourcing facilitates improved oversight of portfolios.
- 87% said the benefits of outsourcing investment management met or exceeded expectations.
- 78% percent of the advisors wish they had started outsourcing investment management sooner.
- 79% of outsourcing advisors intend to raise the percentage of outsourced assets.
AssetMark chief solutions officer Natalie Wolfsen said: “Prior to this study, there had been little documented evidence of how outsourcing positively impacts financial advisors.
“In today’s competitive landscape, outsourcing enables advisors to increase capacity, gain scale and enhance their personal wellbeing – all while staying on top of a shifting regulatory landscape.”
