Technology lends a helping hand to consolidation

clock

Andy Watts, intermediary director at 1st - Exchange, looks at the part technology is playing for adviser firms wanting to differentiate their business in the run-up to RDR.

You cannot pick up a newspaper at the moment without reading about some form of consolidation, merger or integration in the industry. This trend covers building societies, banks and, in particular, adviser firms. It seems that everyone is considering joining forces in some shape or form. The Oxford Dictionary’s definition of the word consolidate is ‘to make stronger or more solid’. In the current market, it is easy to see why there is a need for it. In the past, research from institutions such as Ernst and Young forecast a dramatic fall in overall adviser numbers, an impact from the rece...

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 TMT

TMT

Tech review: 7IM

This week Mark Loosmore of AT8 Group looks at the evolution of 7IM's platform, which uses an open architecture approach to provide greater independence.

Mark Loosmore
clock 10 March 2011 •
TMT

Time to aim for the cloud

Nick Eatock, chief executive officer of IntelliFlo, examines the development of cloud-based applications.

Nick Eatock
clock 10 March 2011 •
TMT

Tech review: Transact

This week Mark Loosmore of AT8 Group goes to Transact, the largest and oldest of the pure wrap platforms

Mark Loosmore
clock 03 March 2011 •