More than a Money Manager.

What to look for in a turnkey asset manager program?

Posted by Manish Khatta on November 29, 2017

As financial advisors take on a heavier load of responsibilities, it’s only logical that many feel strapped for time. In fact, a survey by the Financial Planning Association found that seven out of eight advisors say they’re not in complete control of their time—and the top reason is that they’re trying to do too much.

No wonder more advisors are choosing to outsource different parts of their business and using turnkey asset management programs (TAMPs) to delegate investment management responsibilities. Recognizing the need to outsource investment management is a great first step, but it’s just the start.

Next, you must find a TAMP provider to work with. The good news is, there are plenty of vendors to choose from: The 2015 Trust Advisor survey counted 13 providers that serve the clear majority of the $250 billion TAMP marketplace. That’s also the bad news: there are so many firms offering TAMP platforms to advisors. How do you choose the right partner for your practice?

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Topics: Advisor Resources

The Advisor Experience Update

Posted by Jennifer Burton on November 14, 2017

“Change is hard at first, messy in the middle and gorgeous at the end.” -Robin Sharma

Our industry and businesses are changing at a rapid pace, as technology offers us new and improved ways to conduct business. We know that embracing change can be hard when you are used to doing daily tasks a certain way. At Potomac we are committed to providing our advisors the best experience possible which starts with top notch customer service and intuitive technology solutions. Ultimately we want to make your lives easier and are constantly searching for ways to do so.

Through the blog series “The Advisor Experience Update” we will release all the business and technology updates that are dynamically rolled out with one major end goal in mind; to make your life easier…

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Topics: Advisor Resources

Five reasons why advisors are turning to TAMPs

Posted by Manish Khatta on October 25, 2017

Of all the resources available on this earth there is only one that is non-renewable: TIME! Do you want more time in your day? This is not a rhetorical question—it’s one I want you to give careful thought to and answer deliberately.

Most people, of course, would answer with an emphatic “YES!”, no matter what profession or occupation they’re in. Why do we feel we need more time in our days? Because we live in an increasingly busy and demanding world, where we’re constantly pulled in different directions on any given working day. Having more time is one solution that could help each of us manage our life better.

But it’s also an impossible question—no one can add more hours to the day. We all get the same 24 hours, no matter how we choose to spend it. However, that choice is the essence of time management—we can make the choice to focus our time on the work that’s most critical to our success, and to outsource the less critical tasks to other people to free up more time in our days.

More and more, financial advisors are choosing to outsource important tasks like investment management using turnkey asset management programs (TAMPs). You only have to look at the fund flows for proof—in just four years (2011-2015), assets under management in TAMPs have grown from $147 billion to $1.75 trillion.

Getting more time is just one of the reasons why financial advisors are turning to TAMPs in large numbers. When I talk with our advisor partners around the country, these are the top reasons they say why they chose to outsource investment management, not only to Potomac but other turnkey platforms as well:

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Topics: Advisor Resources

How to grow your practice and help investors in need?

Posted by Manish Khatta on October 11, 2017

The 403(b) market historically has been a very unfriendly place for financial advisors because of the inherent restrictions placed on the plans, such as:

  • Restricted access for financial advisors
  • Limited or non-existent ability to deduct management fees
  • Inadequate systems for handling trades and reconciliations
  • Poor selection of mutual funds

The 403(b) market has come a long way since we started, and today the future is brighter for financial advisors who want to serve clients with these plans. By partnering with Potomac Fund Management, in the 403(b) market, financial advisors can add substantial assets to their practice and help investors in need.

The guide to 403(b) success is presented in this infographic. Print it, pin it, share it, but whatever you do... use it and get started today.

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Topics: Product

Ultimately we like to say that we are "More than a Money Manager. This is a small business run by people not robots. We talk, we plan, we execute together, as partners working to achieve the same goal."

Here are some topics you'll read about in our blog:

  • Our risk management techniques that make investing a smoother ride.
  • An inside view of our industry including the ugly nobody wants to talk about.
  • Our trials and tribulations growing and implementing technology.
  • Our company culture and the people behind the process.
  • Our great advisor partnerships, small business success stories and much more…

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