WealthTech Today #ItzOnWealthTech Ep. 76: Standing on the Edge of a TAMP Revolution with Matt Regan, Wealthcare
Dec 3, 2020
In this engaging discussion, Matt Regan, President of Wealthcare and expert in online brokerage and robo-advisors, delves into the transformative role of Turnkey Asset Management Platforms (TAMPs). He highlights how TAMPs are evolving beyond basic investment services to integrate comprehensive financial planning tools. Matt also touches on the significant impact of innovative technology on client experiences and the ongoing shifts in the financial advisory landscape, including insights into strategic industry acquisitions.
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Evolution of TAMP Outsourcing
- Advisors first outsourced investment management to TAMPs as they lacked expertise there.
- This outsourcing has evolved to include onboarding, proposal generation, and planning integration for better client outcomes.
Wealthcare's Integrated Platform
- Wealthcare was founded on goals-based financial planning software developed by Dave Loper.
- Their platform integrates planning, investments, and trading with human support for advisors' outsourced needs.
Tech Meets Operations Career
- Matt Regan helped build Vanguard's robo advisor infrastructure.
- His career blends technology and operations to innovate beyond mainstream wealth management.