Unique Platforms
The Financial Services World is evolving...
As financial planning firms continue their search for scalability and efficiency, more and more firms are choosing to outsource various aspects of their business, retaining only the core areas where they provide the most value. As a result, Turnkey Asset Management Programs (TAMPs) have exploded in recent years, as more and more planning firms outsource their investment process to focus on their financial planning services. However, a new option is beginning to emerge—the Turnkey Financial Planning Program (TFPP)—designed to be a holistic one-stop shop for starting a financial planning practice. And as signaled by LPL’s recent announcement to acquire Veritat (one of the early TFPP platforms), building an effective TFPP can be a valuable business proposition itself, in addition to being an appealing offering for the growing financial planning firm. In fact, arguably the TFPP is a glimpse at the broker-dealer of the future—a core offering for financial planning firms, once the other parts that are unnecessary for a financial planning practice are stripped out—and may also represent a way for RIAs to grow as well. So forget theTAMP—it’s time for the TFPP.
America's Retirement Solutions will be a Turnkey Financial Planning Platform
- Template for a viable individual business model
- Infrastructure necessary to conduct a financial planning business (e.g., an investment custodian relationship, compliance support, capacity to sweep fees or process financial plan payments, etc.)
- Operational support
- Institutionalized investment management offering/story or access to outside TAMPs to accomplish the same goal
- Financial planning process, templates, and financial planning software
- Access to CRM and portfolio management software
- Branding, marketing support, and/or lead generation
- Practice management advice
- Access to fellow planners on the platform for support and community
What Advisors are Saying about Helping Clients Plan for Retirement...
“I want to say thank you for the great training you provided recently. It truly reflects the Anti-Traditional way of doing things.
“Last night someone asked me what do I sell?
“I answered, ‘I help people mitigate or eliminate their tax burden during the distribution phase of their IRA, 401(k) plans at retirement.’ It sounds incomparably better than what I use to say. I owe it all to Table Bay.”
Rajbir S.
California
“As an Advisor, the areas that appeal to me the most are IRA conversions to 7702 plans, LTC, and 7702 plans and annuities for retirement. You make the coaching so interesting that the time seems to fly during our sessions. Each one adds a wealth of knowledge and I really appreciate what you are doing for us. I’m looking forward to putting into action what we are learning.”
Bill C.
Illinois
“Advisors try hard to understand their clients’ financial situation. However, nothing can compare to the CPA’s historical knowledge and insight into the family’s financial dynamics. This allows them, working as a team, to meet that client’s financial needs more quickly and successfully.
“Barry has spoken with my clients several times about issues related to beneficiary designation and they were gratified over the opportunity to learn things they hadn’t heard elsewhere.”
Gerald K.
Illinois