Discretionary managers must adapt to survive as tech evolves - Altus

Discretionary managers under threat

Jenna Brown
clock • 3 min read

The use of sophisticated modelling software when selecting investment strategies could see the “demise” of traditional discretionary managers if they do not adapt, according to an Altus white paper.

The technology consultant's paper said the use of software that allows customers to test adjustments in importance weighting, investment amounts and timeframes before validating their understanding with an adviser where necessary could become more prevalent in the near future. Adding such an approach could undermine traditional discretionary managers in years to come if they did not alter the way they operate. The prediction comes from the Altus white paper: Reimagining financial advice: How digital capability is enhancing, not replacing the financial adviser released in conjunction w...

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

Emotional support: Why AI cannot replace an adviser's crucial role

Emotional support: Why AI cannot replace an adviser's crucial role

'AI cannot give clients what they seem to value the most from a financial adviser'

Louis Williams
clock 03 March 2025 • 4 min read
Providers must rethink digital strategies to better engage female clients

Providers must rethink digital strategies to better engage female clients

Research released ahead of International Women’s Day

Sahar Nazir
clock 03 March 2025 • 3 min read
The great wealth shift: Embracing AI to engage multiple generations

The great wealth shift: Embracing AI to engage multiple generations

'The role of the financial adviser is evolving'

Tessa Lee
clock 26 February 2025 • 4 min read