While the amount of assets held in separately managed accounts has more than doubled over the past five years, this growth pales in comparison to what lies ahead. Over the next five years, the first wave of retiring baby boomers—the richest class of people in world history—will fuel the need for financial advisors who can provide consolidated wealth management solutions for complex financial needs, from innovative investments ideas and risk management recommendations to tax-sensitive planning tips. The only platform that can provide all of these services is the managed account.
The New Managed Account Solutions Handbook is the definitive reference guide for wealth managers who want to expand their financial advisory practices, attract high-net-worth clients, and establish recurring revenue streams. With a Foreword by Christopher L. Davis, President of the Money Management Institute—the national organization representing the managed account solutions industry—this reliable resource will quickly enhance your understanding of this discipline.
Throughout these pages, renowned industry pioneer Steve Gresham and Money Management Institute executive Arlen Oransky discuss the strategies of professionals who have successfully integrated managed account solutions into their businesses and gather insights from undisputed leaders of this industry.
Managed account solutions represent a higher level of service for the investment side of your client relationships, allowing you to focus more time on the vital areas of client service and attend to the overall wealth needs of your best clients. With this book as your guide, you'll discover why managed account solutions should be an integral part of your financial advisory practice and learn how to transform your practice from the outdated, commission-driven model of yesterday to the fee-based, professional practice of the future.