Advice firms target 17% average growth amid tech and productivity challenges

This is despite growing concerns that technology challenges and low productivity are limiting firms' ability to achieve it. Surveying 1,500 senior executives across the UK's adviser and wealth management sectors, Owen James noted that while organic growth remains the industry's "preferred route to expansion", many firms continue to rely heavily on traditional referral-based business development strategies, with relatively little change in client acquisition approaches over the past two decades. Although artificial intelligence, data analytics, and digital transformation are widely vie...