By Mark Davidson, Consulting Director at Jigsaw Tree

An area that has consistently frustrated adviser practices over many years is the recording, reconciling and reporting of revenue. As the industry has developed from a transactional model, where income was just about the next big deal, to one of service with multiple recurring revenue streams, the position has got even more challenging.

By Mark Davidson, Consulting Director at Jigsaw Tree

As the saying goes, if I had a pound for every time I heard…..well in my case it would be “I want all these different technologies to talk to each other and to enter data just once”

This is the holy grail of the adviser technology world. A worthy aspiration but unfortunately for the majority it remains incredibly difficult to achieve. When you work with multiple suppliers, with different agendas and competing priorities, it is inevitable that not all will collaborate and therefore deliver you the utopia model. So if the ultimate goal is beyond your reach for now, should you just give up or is it still worth exploring what you can achieve?