Lack of technology available when it comes to 'slow money'

‘We need to bring fast money concepts into the slow money side’

Isabel Baxter
clock • 2 min read

There is a lack of technology available when it comes to ‘slow money’, according to Wealthstak chief executive Vincent Heys.

Speaking on a recent NextGen Planners podcast, Heys explained that there has been big technological advancements when it comes to ‘fast money'. He referred to fast money such as mortgages, banks, and credit cards etc.   ‘Slow money' includes investments, insurance, and retirement planning. "There is a different between fast and slow money." The main difference between fast and slow money is the complexity to engagement ratio, Heys said. The complexity of fast money is 20% and engagement is 80%, whereas slow money is more complex and has engagement of only 25%, he explained. "...

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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Technology

Could Iress private equity sale finally shake up the back-office world?

Could Iress private equity sale finally shake up the back-office world?

‘Even if IFAs had the budgets, there is a huge amount of inertia at play here’

Justin Cash
clock 12 September 2025 • 5 min read
I know a man who can: Advisers urged to adopt consumer signposting tool

I know a man who can: Advisers urged to adopt consumer signposting tool

Answer to enquiries from prospective clients’ advisers can’t help

Jenna Brown
clock 10 September 2025 • 2 min read
FCA: No plans for 'extra' AI regulations

FCA: No plans for 'extra' AI regulations

‘We will rely on existing frameworks’

Eve Maddock-Jones
clock 10 September 2025 • 2 min read