Advisers to increase tech use due to changing regulations and demand

More than half have already increased tech spending over the past year

Sahar Nazir
clock • 1 min read

Financial advisers are planning on increasing their technology use in the next year as they face changing regulations, increased competition, and growing client demand, according to FE Fundinfo.

The firm said more than half (55%) of advisers increased their technology spending over the past year, with 40% planning to spend more in the next 12 months. However, only 15% of advisers are currently use artificial intelligence (AI), with the majority (67%) considering it for future use, primarily for automating tasks and summarising meeting notes. Meanwhile, more than half (52%) of advisers emphasise integrating different software into their financial planning process. FE Fundinfo suggested that advisers are mainly utilising AI to improve internal processes and streamline operat...

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