Uptick in adviser demand for fully digitised platforms

Research shows the largest platforms are the most digitally enabled

Sahar Nazir
clock • 2 min read

Nearly three-quarters (72%) of advisers want fully digital platforms, however, many remain unable to meet IFA’s demands, according to a study from NextWealth.

The study looked at 20 platform providers and 327 financial advisers as of 30 June 2023. The overall number of processes digitalised across 19 of the 20 platforms surveyed has risen by 3% from 2022 to 81% this year. Consulting director Emma Napier said: "The findings show the largest platforms by assets are among the most digitally enabled. "The largest seven platforms by assets are among the top ten for digitised processes. This challenges the view that larger firms are slow to change and will redeploy project teams accordingly." The study also suggested that despite the majority ...

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

FNZ chief executive: Regulation has created opportunities for us

FNZ chief executive: Regulation has created opportunities for us

'FNZ would not exist without FCA’s consumer focus'

Sahar Nazir
clock 21 June 2024 • 1 min read
Solving the productivity puzzle: Technology is a powerful tool

Solving the productivity puzzle: Technology is a powerful tool

Planning for implementations is just as important as the end outcome

Jim London
clock 21 June 2024 • 4 min read
Newcastle Building Society advice arm buys ex-footballer's firm

Newcastle Building Society advice arm buys ex-footballer's firm

The advice firm of former Newcastle United footballer Keith Dyson

Hope Coumbe
clock 20 June 2024 • 1 min read