Advisers fanning the advice gap flame with slow tech adoption

Technology is ‘important for the future of financial advice’

Sahar Nazir
clock • 1 min read

Advisers have been urged to “plug the advice gap” through scalability, with Defaqto warning it “can only be achieved by adopting technology”.

Insight consultants Ben Heffer told delegates at the firm's Smarter Financial Decisions conference yesterday (7 September) that it is up to advisers to close the advice gap. Fellow consultant Darren Winfield said many advisers are now looking at adopting technology to power their own platforms so that they are in better control of this. "They are looking for help. It is important for the future of financial advice that the technology is there," Winfield said. "Advisers must not lose sight of the fact that technology is important today." Meanwhile, consultant Richard Hulbert said...

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

SJP results lay bare cost and charging challenges against market tumult

SJP results lay bare cost and charging challenges against market tumult

‘The structural opportunity for the advice industry is hugely attractive’

Hope Coumbe
clock 28 February 2024 • 3 min read
Advisers are 'privileged' when it comes to grasping vulnerability

Advisers are 'privileged' when it comes to grasping vulnerability

‘This industry is the closest to understanding vulnerability’

Isabel Baxter
clock 28 February 2024 • 2 min read
1-in-5 adults with stock market investments 'struggle' to find an IFA

1-in-5 adults with stock market investments 'struggle' to find an IFA

Shortage of IFAs and wealth managers is 'unlikely' to improve

Hope Coumbe
clock 28 February 2024 • 2 min read