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

Advice firms predict surge in client numbers as AI promises to reshape service delivery

Advice firms predict surge in client numbers as AI promises to reshape service delivery

Dynamic Planner's Advice 2025 report reveals rising demand for financial advice

Sahar Nazir
clock 09 June 2025 • 2 min read
FCA partners with Nvidia to allow firms to experiment with AI

FCA partners with Nvidia to allow firms to experiment with AI

Part of a 'supercharged sandbox'

Linus Uhlig
clock 09 June 2025 • 2 min read
'AI will do to financial services what the internet has done to retail'

'AI will do to financial services what the internet has done to retail'

Money Means founder Helena Wardle says

Sahar Nazir
clock 06 June 2025 • 2 min read