Creative destruction: The entrepreneur's secret weapon

Creative destruction: The entrepreneur's secret weapon

clock •

Nick Lee, head of strategic partnerships at Axa Wealth, on the success in store for those advisory firms that can consistently innovate beyond the requirements of regulation...

Reading an article on entrepreneurship recently, I was struck by a phrase that described the innovation in business as "creative destruction". I thought this phrase carried with it both the energy and excitement of innovation, along with the inevitable discomfort of trying new things out, replacing known routines with new ones and slowly, painfully gaining momentum from the mounting small successes - or not. The pace and weight of recent regulatory changes have meant that much of the change we have seen implemented in the past few years has been driven from this source, rather than th...

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 Technology

Warnings that most adviser AI startups will disappear

Warnings that most adviser AI startups will disappear

Ian McKenna urges advisers to get ahead of open financing

Sophia Panayi
clock 09 October 2026 • 2 min read
Beyond the meeting note: Five stages of AI maturity in financial advice

Beyond the meeting note: Five stages of AI maturity in financial advice

'Internal efficiency matters, but it is only part of the opportunity'

Shoomon Perry
clock 08 October 2026 • 6 min read
Fidelity Adviser Solutions extends ZeroKey integration to Intelliflo users

Fidelity Adviser Solutions extends ZeroKey integration to Intelliflo users

Designed to reach more advisers

Sophia Panayi
clock 06 October 2026 • 2 min read