Barry Neilson: The changing face of adviser outsourcing

Impact of fees

clock • 3 min read

Advisers are increasingly looking to outsource different bits of the supply chain as they become busier with new clients and find they are facing capacity constraints within their business, writes Barry Neilson.

Pension freedoms have created an environment where clients need advice for longer. While this is a hugely positive business opportunity for advisers, they are growing exceptionally busy and are having to think about their business processes differently. This might mean using technology better but it also might mean outsourcing in order to achieve the capacity needed to spend more time servicing clients. On the investment side, advisers are beginning to think long and hard about how they add value to their clients. In the old days, the focus was on investment and product selection. Today,...

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 Your profession

News editor's view: Disconnects, deals and debates

News editor's view: Disconnects, deals and debates

The news editor's Friday Night Takeaway from 22 November

Sahar Nazir
clock 25 November 2024 • 2 min read
PA Asks: Is the FCA's pensions targeted support consultation a good move?

PA Asks: Is the FCA's pensions targeted support consultation a good move?

This week’s poll also looks at FOS/FCA modernisation and the Mansion House speech

Professional Adviser
clock 25 November 2024 • 1 min read
FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read