Taking the plunge and consolidating their data systems can give advisers real opportunities to improve both their overall financial profile and their offering to clients, explains Kirsty Worgan
Technological developments have, in recent years, opened up a number of possibilities for advisers looking for better ways to service their clients and make the most of their existing data. Despite this, many are still operating on legacy systems that - in some cases - date back to the 1980s. Yet, by failing to upgrade, firms could potentially be missing out on both sales and growth opportunities. Of course, data migration is complicated and many are reluctant to consolidate the myriad systems they might have in place. Despite a number of large data consolidation system exercises over th...
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