Advisers ramp up tech spending to boost efficiency - FE fundinfo

‘70% of advisers’ tech budgets increased'

Julia Bahr
clock • 3 min read

Greater adoption of technology among financial advisers is driving increased business efficiency and meet increased client demand, according to research from FE fundinfo.

It showed that nearly 70% of advisers have increased their technology budgets over the past year, as the vast majority (81%) see the opportunities for greater technology adaption. This was largely driven by adviser spend and acceptance of technology as a necessity as the industry moves into a post-pandemic world, the survey suggested. FE fundinfo's 2022 financial adviser survey was conducted in November and December 2021. It consisted of 60 questions and was completed by more than 200 UK-based financial advisers. More than 70% of advisers said they increased spend over the last yea...

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

Technology 'imperative' in the great wealth transfer pivot

Technology 'imperative' in the great wealth transfer pivot

‘It will help advisers become ready’

Isabel Baxter
clock 27 January 2025 • 4 min read
What to expect from AI in financial advice in 2025

What to expect from AI in financial advice in 2025

AI has already taken root in many of our daily lives

Nick Eatock
clock 16 January 2025 • 4 min read
Majority of IFAs have no plans to use AI in their practices

Majority of IFAs have no plans to use AI in their practices

Advisers divided on the pros and cons of AI

Isabel Baxter
clock 14 January 2025 • 2 min read