Advisers still using 'inefficient' manual system for reports

A survey of advisers, conducted by The Exchange, found just one in five had moved over to efficient, technology-based systems. Over 70% of respondents said they exclusively produce suitability reports manually, while around 5% use a combination of manual and technology-based systems. However, the survey found a manual suitability report takes around 60 minutes to produce, compared with just 15 minutes when using technology, a 75% increase in efficiency. The exchange says an adviser firm producing 50 suitability reports a week would save around 37 hours, the cost of a full-time member of ...