How an Advisor Can Outsource Money Management While Staying Involved | ThinkAdvisor by Mike Patton

Published: August 11 2014

Mike PattonLast week I discussed some of the benefits of outsourcing the asset management component of an advisor’s business (When Outsourcing Investment Management Makes Sense). I mentioned in the blog that while outsourcing often makes sense, there was a small wrinkle which I would touch on this week. Outsourcing part or all of one's asset management business is an important decision for any advisor. In my last posting, I discussed the expense of outsourcing and how it can reduce your revenue unless you raise your clients’ fees. Moreover, it is influenced by a number of factors, including the need to be in control and the desire to do my own research and actually manage assets. Both of these issues are important to me. more...  

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