Advisers need to embrace technological change - and they need to do so in "so many areas" - says Panacea Adviser's founder and CEO Derek Bradley in our latest Adviser Champions video interview.
In the year the online resource for financial advisers celebrates its tenth anniversary, Bradley argues the days of communicating in paper are long gone and advisers should take hold of the "significant opportunity" to invest in data.
He also maintains it is well worth advisers looking at whether their client banks are up-to-date or whether they do need updating.
Bradley is the latest Adviser Champion to appear in Professional Adviser's new series of videos, following our interviews with the Personal Finance Society's Keith Richards, the CISI's Campbell Edgar, Openwork's Philip Martin and Adviser Home's Brendan Llewellyn.
Bradley goes on to suggest the growth of face-to-face advice could well start to stagnate and so predicts growth in the sector will come from technology - "for better or worse".
You can find out more of Bradley's views on different aspects of the world of financial advice - including why he thinks the adviser community has the characteristics of horseradish - by clicking on the video at the top of the page.
Professional Adviser's Adviser Champions series of video interviews offers insight into how figures from inside and around the world of financial advice see such issues as recruiting new talent to the sector, the impact of regulation, the dangers of jargon and the challenges posed and opportunities offered by robo-advice.
If you would like to put your own or a colleague's name forward for consideration to take part in the series, please do email Julian Marr
The chairman isn’t answering his email
Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea