Half of advisers doubt tech will help close advice gap - research

44% do not think technology will solve problem

Sophie King
clock • 1 min read

Almost half of advisers (44%) do not believe technology can play a role in helping to close the advice gap, research conducted by VitalityInvest has found.

The use of technology, with robo-advice at the forefront, has been pushed by proponents as a workable solution to providing mass-market advice at affordable levels. However, the survey of 207 advisers revealed almost half doubt technology would ever actually close the gap. However, the adviser survey found 29% thought cash-flow modelling tools would make the most difference to addressing the problem. The robo-advice or self-service route however was less popular with 10% of adviser participants who said it does have a role to play in mass-market advice.   VitalityInvest deput...

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 Your profession

Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Following investigation

Sahar Nazir
clock 05 September 2025 • 2 min read
What will cryptocurrency regulation mean for financial advice?

What will cryptocurrency regulation mean for financial advice?

‘Regulation doesn’t automatically make something a sound investment’

Isabel Baxter
clock 05 September 2025 • 8 min read
Wealth management M&A: Integration is the competitive advantage

Wealth management M&A: Integration is the competitive advantage

'M&A is reshaping UK wealth management at an unprecedented pace'

Jim London
clock 05 September 2025 • 4 min read