Despite a number of so-called existential threats from low-cost advice providers like robo-advisors, volatile markets and increased competition, the “price” of a typical wealth management service offering has remained at 1% for the first million dollars in assets managed.
The very wealthy have always had the option to have their portfolios managed this way. SAM’s offering makes it possible for advisors to offer this service to all clients, of every size.
With the partnership, GeoWealth, a proprietary technology and turnkey asset management platform serving the RIA channel, will provide advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management capabilities.
This partnership will provide Kingswood with automated digital onboarding across multiple custodians, as well as streamlined reporting and dynamic trading capabilities across asset classes within a unified managed account (UMA) architecture.
FPI’s commitment to growth and innovation shows no signs of slowing down. Looking forward, the firm plans to continue enhancing its platform and portfolio-analysis tools based on adviser and investor needs.
Efficiency is golden. The more time advisors can spend gaining new clients, while nurturing and serving existing clients, the more opportunity they have to grow.
The recent pullback in prices across the fixed income markets should provide income-oriented investors additional opportunities to add yield to their portfolios.
