SEARCH
Advisers must stay abreast of new technology
Advisers must stay abreast of new technology
Financial advisers shouldn't discount new technology solutions because they've already implemented expensive services, according to Investmentlink.
Speaking to Adviser Innovation, Investment Link chief technology officer Wayne Robinson said financial advisers needed to stay abreast of new fintech offerings that could be augmented into their existing service or complement their current offering.
"Continually look at what's out there in the market," he said
"I know that some of these other larger products that they've implemented a number of years in the past had very large capital expenditures, but even those tend to have APIs available for use by third party software packages, so it's always good to keep looking at what's available and not just writing it off because they have spent a lot of money in the past on their current solution."
Mr Lawson said advisers currently face "massive amounts of change" and were at risk of losing business if they didn't maintain a competitive technology offering.
"Many fintechs that are trying to win the retail market directly by providing products that seem free to end users and if advisers aren't seen to keep up and provide similarly modern experiences to their clients or future clients, then they're going to be left behind," he said.
Even larger product solutions can be further customised, Mr Lawson said, noting that many large-scale software solutions tend to have third-party APIs available on the market, making it critical that advisers constantly look for new opportunities to improve their offering.
"Just because they see someone doing something that isn't available to them today, doesn't mean that it's not possible for them to do it tomorrow," he said.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
