Forming the right model

clock

Technology-based business models are an attractive option for many adviser firms. However, Keith Hare urges advisers to think carefully before making a choice - you may already have the best solution

Using technology to help define the way you conduct business is a compelling proposition. Such tools offer a potential solution to a number of pressing business issues. However, before you commit to a long-term, expensive agreement, think very carefully as any decision could have fundamental implications for your business in the future. Your business model should determine the choice of software solutions you use, not the other way around. It's a competitive, rapidly changing market and the providers of these tools want your business, but you may already own software that has the potentia...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Countdown to pensions dashboard connection staging dates

Countdown to pensions dashboard connection staging dates

But will schemes and providers be ready?

Paul Muir
clock 25 April 2024 • 9 min read
Defaqto CEO: We want to understand advisers' needs even more

Defaqto CEO: We want to understand advisers' needs even more

‘Everybody is genuinely working to make better financial decisions’

Hope Coumbe
clock 20 December 2023 • 8 min read
Robo advice market predicted to hit £4.6trn in the next four years

Robo advice market predicted to hit £4.6trn in the next four years

Survey says ‘robo advice is gaining momentum and doing so at speed’

Hope William-Smith
clock 10 July 2023 • 1 min read