Glossary · Firm structure
A TAMP is an outside provider that runs some or all of an advisory firm's investment operation — model management, trading, rebalancing, reporting and usually billing — and runs it centrally.
The word covers four arrangements with little in common: a model marketplace, an overlay manager, a platform, and an operating partner. Firms shopping for the last frequently buy the third, because both are sold with the same word.
One question separates them: after we sign, who actually does the work? If the answer is a screen, you bought software. If it is a named person, you bought an operating partner.
Questions this did not answer? Ask them directly — that is what the twenty minutes is for.