Outsourcing investment management can help boost revenues, according to a survey of 8,000 advisors.
An examination of 8,000 advisers over a decade showed outsourcing can produce $1 million more revenue for firms. Advisers who outsource investment management could bring in $1 million more in revenue over a decade than those that manage their clients' portfolios in-house.That's the conclusion of a new study of 8,000 advisers by SEI Advisor Network and FP Transitions. The study collected data over the last 10 years and analyzed the operations of firms that handle investment management in-house and those that outsource those duties to third parties.The effects of each business model boil down to where advisers dedicate their resources and time, according to the study. Firms that outsource investment
