Advisers cannot rest on their laurels if they want their practice to remain sustainable over the long term, writes Simon Goldthorpe. Future-proofing is essential...
IFAs have had immense changes to contend with in recent years. From the Covid-19 pandemic to the emergence of robo-advice, and a growing need to engage with the younger generations, advisers cannot rest on their laurels if they want their practice to remain sustainable over the long term. I'm often asked what advisers should be doing to future-proof their business. In today's market, this is no longer just about devising a succession plan, but rather focusing on those ‘softer' elements that will foster a community-like atmosphere that clients genuinely want to be part of - and will encou...
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