As 2020 draws to a close, it seems a good time to look back over the last year and look forward to what the next decade will bring.
When implemented well, a centralised investment proposition (CIP) can deliver consistency of advice, a more efficient business operating model and, most importantly, superior client outcomes.
Centralised Investment Propositions (CIPs) are so omnipresent in the advice world, they often determine the efficiency of your advice business and the quality of outcome your clients receive. Modern technology has the potential to create a more cost-effective business model while at the same time improving service and experience for clients. But how close is this win-win scenario to becoming a reality?
Intelliflo research finds that managing the wellbeing of staff while working from home has been a major challenge for advice firms since the coronavirus outbreak. As homeworking continues for many normally office-based staff, how can we provide support to employees and maintain motivation remotely?
Open architecture is a philosophy that we have always subscribed to. In the financial advice profession it is usually attributed to platforms who work with the entire fund management industry. With technology playing an increasingly prevalent role in our industry, however, the phrase ‘open architecture’ has a much wider connotation and is now itself playing a more prominent role in the discussions we have with clients, colleagues and advice firms.
What would you do with more time? It is a very personal question, but something everyone will have an opinion on. More time on the golf course, more time with the family, more time spent on your business; more time is something we could all use.
We’ve long championed the role that technology can play in the financial advice profession here at Intelliflo. And why wouldn’t we? Our business management software, Intelligent Office, is used by over a third of the UK financial advice profession, with our technology sitting at the heart of those firms’ operations.
I saw some interesting statistics in a recent communication from Platforum, relating to how robo advice is evolving to increase its commercial viability. The statistics, taken from Platforum’s European Consumer Insights report, reveal that just 18% of European investors are open to using pure robo advice yet almost three times as many would use it if some sort of human advice is also available.