Advisers are split on the most effective future use of technology, with 11% saying they will build a robo-adviser in the coming year, potentially opening up the market for big change, according to a new report.
The majority of advisers (57%) have no plans to offer digital advice and will instead focus on the ability to offer clients access to portfolio data as the most effective way to remain competitive in an evolving advice market, the FE Evolution and experimentation: The Financial Advice Market in 2016 report found. However, 3% of advisers said they were close to bringing to market an automated adviser, while 8% said they would do so in the next six to 12 months. About a third of those polled said they had considered offering the service in the future but had no immediate plans. FE said ...
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