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.
You’ve done the exams, you’ve set up a practice, you’re starting to attract clients; how can you fulfil your potential as a financial adviser?
Having the right business management system in place to support your business is imperative. With everything moving online, advisers have the opportunity to run their business and advise their clients through cloud technology. The cost and time savings enable them to spend more time on their clients, reducing the burden of administration.
There’s not long to wait to find out what the Financial Adviser Market Review (FAMR) will propose to make professional advice more accessible for those with relatively small amounts to invest. The Chancellor, George Osborne, is due to release some of the proposals in his budget speech on 16 March.
Is online engagement just for the young? If you've got a mature, wealthy client base, why would you need to change your tried and tested advice model of face to face meetings and comprehensive reviews if it's always worked well in the past?
As someone who has been working within the financial advisory software market for over 10 years, I’m often approached by a large amount of financial advisory firms who find their current back office software isn’t delivering what it should. We know all too well, committing to a software package isn’t something firms do lightly and therefore selecting a flexible system that can deliver real benefits to a business can often be problematical.
