Mark Loosmore: Two words to watch for any advice business

Capacity and compatibility

clock • 4 min read

Capacity and compatibility are crucial considerations for any adviser business, says Mark Loosmore, so is it time to consider getting your own house in order with a technology rewiring?

Two things happened to me recently that have made me think about technology and how much we depend on it and take it for granted. A few weeks ago a friend was telling me about some electrical issues he was having in an old house he had recently bought. One of the fuses kept tripping and he could not get to the root of the problem. He called out an electrician who quickly identified the cause - the wiring in the house was old (almost as old as the house) and on its last legs. All the modern electrical appliances were causing an overload issue. The wiring had reached its capacity and si...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read