It’s no secret that the financial advice industry has been put to the test over the past decade. It has grappled with a raft of changes to legislative and regulatory frameworks, and has in turn become increasingly complex with compliance obligations making it harder for individual advisers to meet client demands.
Consequently, many practitioners have left the industry, leaving fewer advisers to service a fast-growing market.
As outlined in the Quality of Advice Review, technology and digital advice are increasingly capable of supporting financial advisers to give personal advice more efficiently.
As such, the ifa Power of Tech Guide 2023 highlights tech offerings in the financial services sector, exploring new solutions championed by leading innovators.
Across four chapters, this guide unpacks the key pain points of the current advice model, proposes tech solutions designed to streamline processes, and delves into evolving technologies spearheading the adoption of digital and hybrid advice in Australia and abroad.
Together with our partners, digital advice platform moneyGPS and client engagement software provider Astute Wheel, we hope the ifa Power of Tech Guide 2023 inspires you to join the tech revolution.