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

What is Professional Indemnity Insurance

Being a new business or sole trader is a difficult step into the sector you’re trying to break into. Not only do you need to focus on the sector and how to stand out, but also the logistics behind any stable business. Insurance is a vital part of running a smooth business to prevent any disaster escalating to a point where it harms the business.

Professional indemnity insurance is an option for contractors, freelancers and small business to ensure their business can operate during any unforeseen circumstances that could end badly.

What is it?

If you offer a professional service to a client or customer, then you can have professional indemnity insurance. It’s a vital asset to have to protect your business regardless of size and status, if your client was to raise an issue with a breach of contract, non-performance or professional negligence than your PII insurance will help …