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

Advisers concerned clients are being misled by AI - research

Advisers concerned clients are being misled by AI - research

More than two thirds flag concerns about clients turning to AI for financial advice

Sophia Panayi
clock 04 June 2026 • 1 min read
Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

'The number of outstanding entries always makes judging challenging'

Gillian Hepburn
clock 04 June 2026 • 4 min read
Advisers report under 50s make up growing chunk of client banks

Advisers report under 50s make up growing chunk of client banks

Under 40s make up almost a third, FE Fundinfo research finds

Sophia Panayi
clock 02 June 2026 • 2 min read