Discretionary managers must adapt to survive as tech evolves - Altus

Discretionary managers under threat

Jenna Brown
clock • 3 min read

The use of sophisticated modelling software when selecting investment strategies could see the “demise” of traditional discretionary managers if they do not adapt, according to an Altus white paper.

The technology consultant's paper said the use of software that allows customers to test adjustments in importance weighting, investment amounts and timeframes before validating their understanding with an adviser where necessary could become more prevalent in the near future. Adding such an approach could undermine traditional discretionary managers in years to come if they did not alter the way they operate. The prediction comes from the Altus white paper: Reimagining financial advice: How digital capability is enhancing, not replacing the financial adviser released in conjunction w...

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 Technology

Ammonite co-founder says AI suitability report tool could 'triple' adviser capacity

Ammonite co-founder says AI suitability report tool could 'triple' adviser capacity

Planbot launched by former adviser duo

Jen Frost
clock 26 February 2026 • 3 min read
Anthropic's latest AI plug in could 'trigger golden age of digital advice'

Anthropic's latest AI plug in could 'trigger golden age of digital advice'

AI firm launched wealth management plug in in US adviser space

Jenna Brown
clock 26 February 2026 • 2 min read
Adviser AI usage more than doubles in last year

Adviser AI usage more than doubles in last year

Rises from 29% to 60%, SOTAN findings reveal

Isabel Baxter
clock 25 February 2026 • 3 min read