Giants such as Facebook will compete soon enough but, argues Simon Binney, financial advisers and fintech firms can get ahead and shape a strong advice sector by recognising each brings different strengths to the table
The financial advisory sector has seen much change in the past few years, much of it driven by new technologies and a wave of new market entrants. While we are seeing consolidation and innovation in response, this is just the start. So if you thought the merry-go-round was slowing down, then grab hold tightly because it is only going to accelerate. What we do know is that change brings with it opportunities and, in order to build a picture of where these opportunities lie, we need to examine the component parts - the reality for our clients, influences on the market and those who are suc...
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