Creative destruction: Observations on innovation in financial advice

Reading an article on entrepreneurship recently, I was struck by a phrase that described the innovation in business as "creative destruction". I thought this phrase carried with it both the energy and excitement of innovation, along with the inevitable discomfort of trying new things out, replacing known routines with new ones and slowly, painfully gaining momentum from the mounting small successes - or not. The pace and weight of recent regulatory changes have meant that much of the change we have seen implemented in the past few years has been driven from this source rather than throug...