The year 2020 will live long in the memory of many; the coronavirus pandemic has deeply affected both our personal and working lives. In December, in the first episode of our new regular podcast, the Intelliflo Insider, Catherine Morgan (Founder, The Money Panel) and Ian McKenna (Fintech founder, columnist & financial services futurist) joined me to explore the effects of Covid-19 on fintech during the previous 12 months and discuss how it could shape 2021.
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.
We know that Centralised Investment Propositions (CIPs) are the way business is done in the advised market, with 82% of firms operating one according to research by the lang cat.
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?
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.
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.
