IntroductionEmbrace A New Era
MACHINE LEARNING, AUTOMATION, AND CLIENT EXPERIENCE, EXPLORE THE TECHNOLOGY TRENDS SHAPING THE FUTURE OF YOUR FINANCIAL ADVICE BUSINESS.
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The Role of Tech in Financial Advice
The belief that business success will be guaranteed due to a historical position in an industry is dangerous for any business looking to operate and remain relevant in the long term.
Tech innovation offers many multi-faceted benefits for financial advice designed to:
01
Drive efficiencies of scale, reduce human error within the advice process and compliance framework.
02
Automate repetitive tasks & optimise data entry, reporting, document creation and record keeping.
03
Improve engagement with real-time interactive advice, facilitating better decision making, and outcomes for the client.
04
Improve client meetings with in-depth data & analysis to better support the advice conversation, live modelling of optimal strategies & actions towards the client’s goal achievability.
05
Provide quality predictive forecasting to identify trends & patterns across client behaviours and cash flow.
06
Provide transparency of services offered at each step of the advice process with clear obligations required by both parties via integrated CRM and client app access.
07
Respond proactively and effectively to changes in client behaviours or external factors that may influence the clients’ need to pivot their wealth strategy and approach.
The key areas that technology can currently improve the process and outcome for financial advisers, their Businesses and their Clients are:
01 Adviser / Client Accessibility
02 Advice Client Experience
03 Live Multi-Dimensional Modelling
04 Data Analysis & Strategy Development
05 Goals Tracking
06 Mobile App Access
07 Adviser & Client Dashboards
08 Communication & Notifications
09 Online & Virtual Meetings
10 Data Collection
11 Digital Advice Documents
12 Digital Signature
13 Secure Document Transfer
14 Data Management & Record Keeping
15 Task Management
16 Compliance & Audit Trail
Advice Intelligence
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