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...

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