Advice firms slow new tech adoption

Its latest report, Advice Tech Stack: Adviser Reviews, said there was a clear trend among firms to hold back from adding more technology. The research found just 13% of firms surveyed planned to add a new technology partner in the next 12 months, down from 34% in both 2024 and 2025. NextWealth said it concluded that tech adoption increased as a result of external factors, such as the Covid-19 pandemic, regulatory change and the rise of generative artificial intelligence. The firm said advice firms are not moving away from technology, but instead "intentionally slowing down the rate...