How tech can solve financial planning's biggest problems

Evaluate processes from start to finish from the client's perspective

clock • 7 min read

Financial planners face a raft of operational inefficiencies, writes Scott Daniels. Here he discusses the current pain points and explores how technology can ease the burden

I recently sat down with the guys at Next Gen for their brilliant morning commute show (if you haven't checked it out, I highly recommend you do!).  The topic for discussion was operational inefficiencies facing financial planners. This got me thinking, and boy, do we have a lot. Without getting overwhelmed, I tried to focus on two main areas where we as a business see significant inefficiencies.  Firstly, and no surprise, is data. Data drives everything in a business and, frankly, data is all over the place. The issue is not so much that it is everywhere; it's that it's inconsiste...

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

'At the end of the beginning': What to expect next with tokenisation

'At the end of the beginning': What to expect next with tokenisation

'Tokenisation is coming - at pace'

Alex Kerry
clock 08 April 2025 • 3 min read
Open arms or cautious welcome? Why AI in advice cannot be ignored

Open arms or cautious welcome? Why AI in advice cannot be ignored

'Putting aside the hype, AI is here to stay'

Jenny Thorpe
clock 25 March 2025 • 3 min read
'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