Why financial advisers are embracing technology

In recent years we have seen the fintech space expand rapidly. There has been a huge development in products and software to enhance integration of data and information across multiple platforms. All fintech providers are looking at ways to provide a truly consolidated solution to support clients and financial advisers with financial advice.

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Technology enhancements in this space have seen the growth of ‘Robo Advice’ which has made financial advice more accessible to lower net worth clients. ‘Robo Advice’ has the potential to access a huge market share which financial advisers would traditionally be unable to service.

Reducing fees and increasing the speed of delivery could be a significant driver for more individuals to consider ‘Robo Advice’. This may have an impact on clients that already have an established financial adviser which could spell extinction to the industry as we know it today.

In a recent interview, Ian