A turnkey asset management program (TAMP) allows independent financial advisors, typically fiduciaries, to outsource the management of some or all of their clients’ assets.
“(Brookstone) has successfully been able to help insurance agents add fee-based managed money to their existing practice,” he said. “Brookstone-affiliated insurance agents who were just selling annuity and life insurance products now transform themselves into holistic financial advisors able to handle all aspects of a client’s financial needs."
Zayed said that was the reason the AmeriLife partnership with Brookstone was strategic in nature.
"They have tens of thousands of affiliated insurance agents and they have not had a dedicated RIA/TAMP partner until now,” he said.
Zayed also said that AmeriLife would now be able to direct their agents to Brookstone, which could help those agents add managed money to their respective practices.
“These synergies will certainly help accelerate Brookstone’s growth and allow them to add more services and resources to their platform,” Zayed said. “It is truly a partnership that creates infinite solutions!”
Brookstone Capital Management, established in 2006, is a fee-based, independent asset manager.
Founded in 1971, AmeriLife is an independent company that develops, markets and distributes annuity, life and health insurance solutions for insurance agents and brokers.