Financial adviser 2.0: How the role of IFA is changing

Who still wants to be a financial adviser?

clock • 5 min read

Nneka Orji explores the job function of a financial adviser and shares how the role is changing now more than ever...

Increased regulation, shifting investor demands and technological advances have reshaped the financial advice industry over the past 20 years, drastically changing the way financial advisers and wealth managers perform their roles. Professionals who were once attracted to the client-facing nature of the job are now confronted with the reality of compliance requirements and what can be perceived as burdensome administration. In discussions with financial advisers, some say they spend 50% to 70% of their time on admin or compliance work, instead of adding value by engaging directly with cl...

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

'Personal purpose' must be embedded into advice firm culture

'Personal purpose' must be embedded into advice firm culture

‘It is at the heart of advice, yet I don’t see firms talk about it clear enough’

Isabel Baxter
clock 29 February 2024 • 2 min read
February 2024: Month in review with news editor Sahar Nazir

February 2024: Month in review with news editor Sahar Nazir

Take a look at some of the news and feature highlights of the last month

Sahar Nazir
clock 29 February 2024 • 3 min read
All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 27 February 2024 • 1 min read