As firms look to do more with the same internal resources, Paul Bayliss, head of wealth and adviser solutions at Pershing, explores how outsourcing certain technological functions can help.
At its core, the advice industry relies on the effectiveness of its people. Advisers have become more comfortable outsourcing technical matters, such as accounting and IT services, but they have characteristically been more protective of work involving sensitive material, such as client relationship management or compliance. Decisions around balancing the allocation of human resources with outsourcing solutions are vital to future success. The outsourcing debate is more pronounced in the UK today, as a rapidly changing technological and regulatory landscape is forcing a reconsideratio...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
