Tech

Financial advice industry ready for “significant digital transformation”

Ignition advice UK-based Altus Consulting has worked together to create a white paper. “Rethinking Financial Advice”Looking to the future of digital advice, “technology is being enhanced, not replacing the work of financial advisers.”

One of the key themes covered in this treatise is that RoboAdvice does not dent the UK advice space. This has been proven to be a similar case in Australia, with the significant impact of the COVID-19 pandemic. Not surprisingly, businesses and practices have moved online and forced to adopt technology.

This treatise suggests that, despite “economic uncertainty and considerable investor tension,” many financial planning practices “adopt a crisis mode” to bring business to the fore.

However, we anticipate that the digital adoption triggered by the pandemic could catalyze radical changes in the sector.

“Advisors have proven to be resilient and quick to adapt to customer needs.” Intelliflo CEO Nick Eatock said.

“Technology has made things easier last year, allowing businesses to move quickly into the virtual world. By doing so, advisors are finding efficiency and new uses for technology to help them grow their businesses.”



Financial advice industry ready for “significant digital transformation”

Source link Financial advice industry ready for “significant digital transformation”

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