Tim Parsons, former head of AXA-owned Thinc Wealth Management, is talking to fund, wrap and software providers in a bid to assemble a "turnkey asset management programme" for the UK market. According to a Citywire report, he claims the US financial planning proposition could play a significant role in helping advisors make the jump to new model. "A tamp is the software that does the planning – it’s the investment strategy, it’s the wrap that holds the assets, it’s the system that rebalances and reviews," said Mr Parsons. He argued that a Tamp could allow advisors to focus more clearly on a client’s objectives for their money by dealing with the specifics of asset allocation and rebalancing. "In the new model, investment strategy is not an end in itself. You’re paying the advisor to pinpoint your objectives, and make sure you hit them – the investment strategy is secondary," he said.