Adviser firms adopting a wider use of technology could see a move away from larger consolidators to regional advisory business, Sesame Bankhall Group chairman John Cowan has said.
Speaking at Adviser Home's conference The Future of Advice this morning (16 July), Cowan said technology could be used to help recreate regional adviser businesses away from the larger consolidators. He pointed out that, while the majority (90%) of the adviser market comprised of firms with between one and five advisers, the remaining 10% is made up of larger firms that include 60% of all advisers operating in the sector. "Once technology is up and running, when people are used to managing data, when artificial intelligent actually kicks in and we will be used to seeing how that i...
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