By Founders Financial — We should strive to understand the needs of our relationships and then selflessly serve them. The rewards for serving others are so great that they can permanently change how we direct our attention. However, serving others presents a significant challenge because it requires one of our most precious resources…TIME!
So, how can we harness time in our lives? And, upon its capture, how can we best put that time to use? The answer? Systematize as much as we can.
The ability to outsource the day-to-day operations of investment management is a powerful tool, allowing us to leverage the invaluable resource of time. Outsourcing this work can be the key that unlocks your firm’s potential to grow and scale into the enterprise of your dreams. By utilizing outsourcing effectively, you can experience numerous benefits, such as streamlined processes, increased relationship value, and enterprise scalability at levels that, at one point, may have felt unachievable.
Let’s take a closer look at the benefits you could expect to see from outsourcing investment management operations.
Benefits of Outsourcing Investment Management *
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- Free Your Time — Focus on what you enjoy the most, such as serving and supporting the relationships in your care. Remove the sense of urgency that holds you and your teams back.
- Prepare to Grow — Great leaders work with great teams. An outsourced investment management platform and team can empower you to grow your enterprise without adding staff and new overhead costs.
- Deliver Incredible Experiences — Give your relationships great experiences that represent the quality of service you provide and the reporting to track performance.
- Expand Who You Can Serve — Serve a wide range of clients with different objectives. Craft personalized portfolios through curated suites of professionally managed investment strategies.
- Simplify Your Workflows — Improve productivity by combining efficient technology with a reliable service and support team.
- Increase Profitability — Outsource expensive activities associated with portfolio construction, billing, proposal generation, reporting, and other related tasks.
Additional Benefits of Second-Party Investment Management
In addition to the benefits of outsourcing investment management mentioned above, advisors who work with Founders and choose to utilize our unique second-party investment management solution (FCMS) also experience:
Elevate Your Brand and Unique Value Proposition
Your brand stays front and center with your relationships. As an extension of your team, everything produced, communicated, or shared by Founders is branded with your enterprise so that your relationships know that the value they receive comes directly from you.
Your Investment Platform and Your Investment Team
Spend more time serving your relationships while the Founders’ team of CFAs research, build, and manage portfolios under your brand. They become part of your team, providing you with a professional investment committee there to help you deliver best-of-breed investment strategies without typical constraints.
Spending valuable hours researching, portfolio management, and everything else involved in investment management leaves little time for accomplishing other important tasks. The best advisors and entrepreneurs always look for ways to automate and optimize their processes and routines. This allows them to spend more time creating value and fulfilling their mission in service to their relationships while eliminating the urgency that prevents many advisors from ever reaching their true potential. To gain time and use it to enrich others through your leadership, leveraging the people and partnerships you trust at all levels of your organization is critical. Doing so will enrich you and your team and turn outsourcing this crucial business function into something you embrace and control.
Conclusion
It’s important to understand that this article is about more than outsourcing investment management. The underlying message is about expanding your reach and influence while gaining more control over your time, which is a depleting resource. So be open to partnering with those who share your mission, values, and purpose, and you might find yourself unlocking new opportunities to create a more sustainable, profitable, and fulfilling enterprise.
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* Orion Portfolio Solutions. (2022). Choosing a TAMP. How to Pick the Right One for Your Advisory Business [White Paper].
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