Study undoes myth of IFA tech phobia

clock

Financial advisers are perhaps a little more ‘net savvy' than industry perception suggests, as research reveals eight out of ten intermediaries are now using broadband internet access for business and over a quarter of advisers would like to give advice online.

Key findings of the IFAonline Technology study 2005, 80% of advisers have broadband internet connections both at home and at work, a further 16% have a network connection while just 3% now use dial-up. At the same time, one quarter (25%) of those questioned say they access the internet at least once a day while “on the move” and eight out of ten advisers (80%) are now able to access video and sound presentations from their office – a service which four out of ten advisers (38%) use to gather fund manager video viewpoints. The most popular use of the internet among financial advisers 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

AI in financial advice starts with data that's fit for purpose

AI in financial advice starts with data that's fit for purpose

'The firms that benefit most from AI will be those that fix their foundations first'

Luke Miles
clock 26 March 2026 • 4 min read
Adventures in AI: Where next for AI in advice?

Adventures in AI: Where next for AI in advice?

Part three in the series...

Mike Morrow
clock 25 March 2026 • 4 min read
Can small advice firms still compete in a tech-driven market?

Can small advice firms still compete in a tech-driven market?

When AI is finally cracked in the context of financial advice, the competitive advantages will be enormous. The question is whether the economics of the technology market will let smaller firms share in them, writes Max Anderson

Max Anderson
clock 25 March 2026 • 3 min read