Only one-quarter of advisers satisfied with current tech stack

Advisers urge providers to facilitate better back-office integrations

Isabel Baxter
clock • 2 min read

Only one-quarter of financial advisers are satisfied with their current tech stack, NextWealth has found.

Its Adviser Reviews Report revealed that is the lowest level since 2020 and "underlines the desire for change". It also found that one-third of financial advice professionals work in firms with plans to add a new technology partner, compared to only 8% last year. The firm said this is a higher level than it has seen since it started asking this question in 2020. Two key themes for future tech adoption were servicing clients with smaller portfolio values and business efficiency and profitability. Financial advice professionals from a wide range of firm size expressed a desire to fin...

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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Technology

'What about Maud?': When it comes to tech, don't underestimate older clients

'What about Maud?': When it comes to tech, don't underestimate older clients

Tech adoption among older people was accelerated by the pandemic

Rowan Whittington
clock 19 March 2025 • 4 min read
Better access to advice in a rapidly digitalising world

Better access to advice in a rapidly digitalising world

'Adviser tech has moved on in leaps and bounds this decade'

Chet Velani
clock 19 March 2025 • 4 min read
FCA and ICO to host roundtable on AI and tech

FCA and ICO to host roundtable on AI and tech

Data protection and Consumer Duty top regulatory constraints to AI deployment

Isabel Baxter
clock 11 March 2025 • 2 min read