How To Get Ready For DPM
As the trend picks up stream, major wealth management players are bound to find ways to fit in.
“This research has prompted us to spend more time with our clients on developing their strategy to evolve their operating models over time towards a better balance between which portfolio management functions can be centralized versus decentralized,” said the report. “Our research subjects demonstrated different approaches along that spectrum.”
MyVest and F2 Strategy urge wealth management firms to choose supportive, configurable technology so that firms can manage the balance between centralized standards and advisor retention. In the long term, the boundaries between advisor-driven and centrally managed programs will blur, and all programs will exist on a spectrum with varying levels of configurable advisor discretion. The reserachers also draw wealthtech executives’ attention to the DPM trend so they might adapt and help advisory firms grow. Such partnerships could become especially beneficial for both sides.
“We’ve received enthusiastic responses from people who run Rep-as-PM programs after publishing this paper in October,” said the report. “They told us the analysis is “spot-on” and has informed their efforts to improve their programs. So our partnership will continue to promote this issue to expand awareness of the potential solutions.”
About MyVest
MyVest is an enterprise wealth management platform that empowers firms to deliver personalized portfolios at scale. Read WealthTech Club Research & Analysis article about MyVest here. Anton Honikman currently serves as CEO of MyVest,
About F2 Strategy
F2 Strategy is a technology and marketing consulting firm in the wealth management industry. F2 Strategy provides consulting services to support existing technology teams and marketing departments within the wealth management, family office, RIA and wealth manager space, to help these companies align their technology platforms and distribution channels with the wealth management experience that their clients expect. The firm was founded by former wealth management executive Doug Fritz.
Written by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.