Outsourcing: The Strategic Edge to Reach Your Firm’s Potential

As a financial advisor, you're constantly balancing client demands, portfolio management, complex regulations, and the drive to grow your practice. It's a lot, and often, operational tasks can pull you away from what you do best: advising clients and driving growth.

The good news? You're not alone. More and more advisors are finding a powerful approach: investment management outsourcing.

A recent AssetMark study, "The Impact of Outsourcing," surveyed nearly 700 financial advisors and revealed clear trends: those who outsource are experiencing significant enhancements across their businesses. Investment management outsourcing means delegating some, or all, of your investment management activities to a professional provider.  This isn't just about cutting costs; it's about strategically leveraging external expertise to potentially elevate your practice.

What the Data about Outsourcing Reveals

Here's what the latest research indicates about the potential benefits of outsourcing:

• Stronger Client Relationships: Advisors who outsource gain, on average, over nine hours per week. A remarkable 72% reallocate this time to client-facing activities, spending an average of 5.4 more hours weekly with clients. The result? More than 9/10 outsourcing advisors report stronger client relationships.
  
  
• Business Growth Potential: Outsourcing advisors saw a 14% increase in new assets brought into their practice in 2023 (versus 11% for non-outsourcers, excluding market performance). Overall, 97% report financial benefits.
  
  
• Enhanced Efficiency & Expertise: Outsourcing can help save time and provide access to specialized investment expertise. 98% of outsourcers report delivering improved investment solutions to their clients since making the switch. You may also experience faster impact to your business than if you hadn’t outsourced, with nearly half (45%) seeing benefits within six months.
  
  
• Scalability & Potential for Increased Income: The more an advisor outsources, the greater the potential for positive outcomes. For example, 88% experienced asset growth, 79% saw an increase in personal income, and 77% experienced a decrease in operating costs.
  
  

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How Adhesion Wealth Can Support Your Firm

At Adhesion Wealth, we understand the unique challenges financial advisors face. We've designed our solutions to be a strategic partner, offering comprehensive outsourced investment management and practice management services that aim to help you reclaim your time and focus on what truly matters.

Here's how Adhesion Wealth may assist your firm:

• Sophisticated Portfolio Management with Greater Ease: Deliver highly customized portfolios (UMAs, SMAs) with less of the daily operational burden of trading and rebalancing.
  
  
• Advanced Tax Management: Our automated overlay management identifies and can help enact tax-advantageous trading opportunities, aiming to potentially reduce client tax burdens.
  
  
• Expedited Onboarding & Streamlined Access: Our efficient process can help provide a rapid transition, offering you quick access to our curated Manager Exchange with hundreds of institutional-caliber asset managers.
  
  
• Streamlined Operations & Dedicated Support: Alleviate time-consuming administration with our 360° platform and dedicated team, aiming for smooth implementation and ongoing assistance.

Ready to Enhance Your Growth Trajectory?

Outsourcing isn't just a trend; it's a strategic consideration for financial advisors looking to optimize their businesses, enhance client relationships, and pursue sustainable growth. By partnering with Adhesion Wealth, you can leverage our expertise and technology to potentially transform your practice, allowing you to spend more time advising, less time on administration, and ultimately, cultivate a more successful career.

Connect with us today to explore how Adhesion Wealth can help your firm reach its full potential.

8134564.1. |   EXP 07/2027