'Virtual High Street' growing for advisers

This is the advice from 1st-The Exchange which has identified a ‘virtual high street’ of around eight million and growing in its white paper ‘Gaps & Opportunities’, examining the effects of changing market and regulatory conditions in the UK advisory sector. “The 8 million XY ‘surfers’, already using online banking services and readily open to similar offerings, represent a very powerful online high street for financial services providers,” the report says. It concludes both advisers and providers will need to make a rapid re-assessment of current distribution strategy to cope with th...