Nick Eatock: Using technology to scale your business

'Not easy to grow a business profitably'

clock • 3 min read

To close the advice gap and offer more people financial advice, writes Nick Eatock, there either needs to be more advisers or advisers need to be able to deliver advice to more people. In this article the Intelliflo CEO looks at the statistics in a bid to show why technology could be a solution...

I'm a passionate believer in the value of advice, but in the UK the issue of the advice gap is well documented. A study into the advice gap by OpenMoney last year highlighted that fewer than 10% of people had taken regulated financial advice in the previous two years, while BlackRock's Investor Pulse research for the UK found that less than 15% of us use a financial adviser. The impact of the coronavirus crisis on household finances is likely to mean that more people than ever would benefit from access to a financial adviser To bridge the advice gap and widen access to advice, we eith...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Nearly half of advised HNW clients unaware of CGT allowance

Nearly half of advised HNW clients unaware of CGT allowance

Charles Stanley finds

Sahar Nazir
clock 25 November 2025 • 2 min read
CII launches vulnerability guide

CII launches vulnerability guide

For insurance and personal finance

Isabel Baxter
clock 25 November 2025 • 3 min read
Craven Street Wealth expands footprint as Pharon IFA joins business

Craven Street Wealth expands footprint as Pharon IFA joins business

It will now serve more than 5,800 clients

Sahar Nazir
clock 25 November 2025 • 2 min read