Digital disruption to eruption: Tech risks to advice firms

Digital now ‘fundamental’

Jenna Brown
clock • 5 min read

Jenna Towler talks to Russell Andrews about the shift from digital disruption to digital eruption, how IFAs can keep up and the new set of risks facing advice businesses

Digital disruption in financial services has been with us for about a decade now and many advisers were early adopters. But things have moved on from disruption to eruption, says SEI head of EMEA, APAC and LATAM solutions Russell Andrews, with the past 15 months of pandemic-induced lockdowns accelerating the recognition of how digital now plays a "fundamental role" in the advice business. Andrews says: "We have seen a greater realisation and more fully embraced advice market. I wouldn't say anyone has cracked it fully just yet but what I would say is that it is no longer a risk, it is...

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

'Excessive conservatism': Wealth fintech risks being left behind

'Excessive conservatism': Wealth fintech risks being left behind

'Nobody gets fired for buying IBM'

Alex Cowan-Sanluis
clock 11 July 2025 • 4 min read
Advisers told AI is 'only as good as the data you feed it'

Advisers told AI is 'only as good as the data you feed it'

Avenir’s MacDonald urges advisers to look at internal processes first

Isabel Baxter
clock 10 July 2025 • 2 min read
AI: Why financial advice is on the brink of a rapid revolution

AI: Why financial advice is on the brink of a rapid revolution

Three practical steps advisers and planners can take now

Rohit Vaish
clock 08 July 2025 • 5 min read