A TAMP is an outsourced platform that handles investment research, model portfolios, trading, and back-office admin for advisors.
Turnkey Asset Management Platform (TAMP)
A TAMP is an outsourced platform that handles investment research, model portfolios, trading, and back-office admin for advisors.
A Turnkey Asset Management Platform (TAMP) is an outsourced technology and service platform that handles investment research, model portfolios, trading, rebalancing, performance reporting, and back-office administration on behalf of financial advisors. Instead of building an in-house investment operation, an RIA or independent advisor plugs into the TAMP and lets it manage the plumbing of asset management.
Advisors and RIAs care about TAMPs because they free up time for client relationships and financial planning rather than trade execution and reconciliation. Family offices sometimes use them to standardize how model portfolios are run across multiple households.
A TAMP typically overlaps with several categories of advisor software:
- Portfolio accounting and reporting, similar to portfolio management software
- Trading and rebalancing engines tied to a custodian
- Billing and fee calculation on managed assets
Because a TAMP touches client data and trading, advisors should weigh its integrations with their CRM and existing wealth management stack before committing.