Crossbridge Capital is now working with Dimensional Fund Advisors to provide a comprehensive wealth solution to financial advisors and their clients in Asia.
Wealth manager Crossbridge Capital will be working with asset manager Dimensional Fund Advisors to empower financial advisers to focus on delivering value-added service to their clients, according to a media release from Friday. Dimensional works with a select group of financial advisory firms in Asia.
Crossbridge clients will not only continue to benefit from the tailored investment strategies already available through the intuitive digital platform Connect but their investment solutions will now also be powered by Dimensional. The use of contracting providers and platforms like Turnkey Asset Management Platforms (TAMPs) has increased sharply in recent years as financial advisers seek ways to deepen customer relationships and differentiate themselves in a crowded market.
Outsourced Investment Management
TAMPs help advisers to better focus on business growth and client relationships by providing outsourced investment management, technology, and back-office workflows.
Over the past five years, the independent channel has grown faster than the traditional channel (11 percent per year versus 9 percent) while independently advised assets are expected to increase from $8.4 trillion in 2017 to $12.1 trillion in 2022, representing about 48 percent of overall adviser assets. As a result, the value of assets managed on TAMP platforms is also predicted to expand from $7.4 trillion in assets in 2018 to $13 trillion by 2024.
By outsourcing investment and portfolio management to Crossbridge, financial advisors will be able to offer more holistic financial planning services and use the increased client-facing time to deepen client relationships.
