Assessing Consumer Competence: Checking Will Become a Necessity

Tech Survey Shows Adviser Business Attitudes

This survey of adviser tech attitudes is worth a read. It highlights several key points: 

  • Technology spending is very low in most adviser businesses - that suggests low productivity growth for the next few years, as an awful lot of productivity gains come from employing technology these days, and it takes time to realise them. 
  • Technology spending is still more likely to be about hardware than software or services. That is also a worry, because it is in software and services that most productivity gains are to be found, including the gains from new hardware. 

Work-arounds exist. Dealer groups can provide effective channels for delivery of large-scale IT services to the many small advice businesses that exist. Insurers and other larger companies in the wider sector value-chain can deliver services. Third-parties can provides software as a service to make a seemingly large purchase become a small regular payment. 

Read the full survey at this link. Hat tip to Tony Vidler for highlighting this link.  



Feed You can follow this conversation by subscribing to the comment feed for this post.


Good insights Russell, thanks for sharing.

There are so many software options appearing all the time vying for an adviser business' consideration. Add to that how time-consuming it can be to introduce new tech to a business... I'm not surprised that little happens.

I'd be interested to hear your top picks for the software that advisers should be considering.

The comments to this entry are closed.