How to set up an advice business digital transformation strategy

Call to identify business needs, goals and desired outcomes

clock • 5 min read

Tim Thompson-Rye explains how to map a digital transformation strategy and says technology should not be the starting point...

Advisory firms are more aware than ever of the need to transform and compete in an increasingly digital world. Client expectations, a growing hybrid workforce and pressures around efficiency and automation are just some of the elements driving this. According to the latest McKinsey Global Survey on digital strategy, only 11% of companies believe their current business models will be economically viable through 2023, while another 64% say their companies need to build new digital businesses to help them get there. Successfully navigating digital transformation however can be challengin...

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 Business

All the advice firm acquisitions that have taken place in 2026

All the advice firm acquisitions that have taken place in 2026

Keeping track of the ongoing consolidation in the advice industry

Professional Adviser
clock 12 November 2026 • 5 min read
Small firm, weaker hand: The reality of selling a financial planning practice

Small firm, weaker hand: The reality of selling a financial planning practice

'The strongest position is an attractive, prepared practice whose owner has choices'

Gareth Fatchett
clock 10 November 2026 • 4 min read
Adviser revenue remains main bonus metric at majority of large firms

Adviser revenue remains main bonus metric at majority of large firms

Firms focused on organic growth but miss incentive opportunity

Jenna Brown
clock 10 November 2026 • 3 min read