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

Back to school for back office systems...

Back to school for back office systems...

... while platforms deliver on service

Heather Hopkins
clock 07 October 2025 • 3 min read
The professional revolution: Control your own destiny, advisers, or someone else will

The professional revolution: Control your own destiny, advisers, or someone else will

What has advice tech given us?

Nick Ryan
clock 03 October 2025 • 4 min read
Advisers create own strategies to combat 'fragmented' back-office systems

Advisers create own strategies to combat 'fragmented' back-office systems

Frustration with ‘lack of seamless connectivity’ continues

Isabel Baxter
clock 25 September 2025 • 2 min read