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

Editor's view: PA360 North and the financial literacy challenge

Editor's view: PA360 North and the financial literacy challenge

The editor's Friday Night Takeaway from 3 October

Jen Frost
clock 03 October 2025 • 3 min read
Advisers urged to tackle leadership diversity as 'women not progressing'

Advisers urged to tackle leadership diversity as 'women not progressing'

‘More needs to be done’ to ensure women can rise to senior levels

Sahar Nazir
clock 30 September 2025 • 1 min read
Editor's view: A lump sum bone of contention

Editor's view: A lump sum bone of contention

The editor's Friday Night Takeaway from 26 September

Jen Frost
clock 26 September 2025 • 2 min read