The modern, progressive financial adviser knows that to succeed in 2021, you need to have smart tech and a human centred approach to goal setting, and more.
Life coach, accountant, investment quant, actuary, and sales negotiator. These are some of the roles that financial planners have traditionally had to assume in their work with clients. It’s no surprise that increasing regulatory pressure has resulted in many seeking to leverage technology, to redefine their business models, so they can reassert their focus on client relationships and the softer skills necessary to manage them.
The future of planning leveraging the latest AdviceTech is exciting for today's advice practice. Adopting a future-proof solution that has a clear pathway toward automating your advice process, that allows your advisers to spend more time nurturing and attracting more clients, will create more opportunity, growth, and profitability for your advisory firm.
Digitisation is a necessity of today; smartphone innovation is part of our fourth industrial revolution. A technological evolution that includes Artificial Intelligence, Big Data, Internet of Things, Blockchain and 5G.
FinTech and RegTech have similarities and some FinTechs are addressing regulatory obligations as features within their platforms, both terms in-essence use technology to solve compliance problems within the financial services sector.
We all know that an SOA is not entirely effective, it isn't valid after 30 days, it's full of jargon and clients simply file them in their drawer, never to be looked at again.
So, can we really say on behalf of consumers that the value of financial advice sits within an SOA document?
