Regtech, artificial intelligence, on-demand online education services, and pre-emptive risk detection are the ways of the future for the financial advice industry to tackle compliance and higher education requirements, Malavika Santhebennur found.
Many financial advisers still perceive technology as a threat to their profession, the fear around the rise of artificial intelligence (AI), financial planners concerns about being replaced, however no algorithm or robo-adviser in the world can currently deliver complex financial planning.
Will automated advice capability drive better financial planning outcomes?
An all-pervasive feature of modern life is the speed of technological change, and of our collective capacity to adapt to the multiple impacts of change. This blog seeks to address fears for financial advisers.
Edtech - simulating classroom knowledge and practical experience into a “virtual experience” would only improve the delivery of education to financial advisers even as the new education standards were set to become effective 1 January 2019.
If you don't consider a client’s goals, then you risk delivering financial advice that doesn’t meet an investor’s needs.Goals-based advice creates an environment where there is greater clarity about what the client wants and how financial advice can be delivered to meet those desires.