It’s awards season and not just for the world of entertainment. I was lucky enough to be at the PA Awards 2020, held in London on 6 February, when the great and good of the financial advice industry received accolades for jobs well done.
Nick Eatock, executive chairman at Intelliflo, was recently interviewed by Asset TV on the subject of automated, or robo, advice. The full version of the video is worth 36 CPD minutes and we have a highlight reel of the interview below:
The internet, e-mail, social media, mobile sites, cloud storage, 24/7 access from seemingly anywhere; the march of technology into our lives has been as irrepressible as it has been impressive. It has shaken up the established order and opened up limitless opportunities to individuals and firms to start up, maintain and improve their personal and professional lives.
It’s been a few weeks since our ‘Change the game’ Conferences and after speaking to and receiving feedback from clients, there seems to be a hunger for technology and how it can help financial advisory firms now and in the future. It seems the recurring buzzwords of robo-advice (or robo advisors) and eAdvisors are here to stay and with that in mind I thought it would be an opportune moment to recap on how we see technology supporting advisory firms now and in the future.
I read an article recently on the BBC website about banks closing over 600 branches over the past year due to more consumers favouring online banking. In the article a spokesperson for HSBC quoted
The way we bank is changing very quickly, and with an increase in the use of online and telephone banking over the past few years, use of branches has fallen significantly.