Advice Tech Report 2024-2026 – where are we now?
Our newest report helps identify which adviser systems organisation should be integrating with in 2024 and beyond, in order to deliver the best services to retain existing clients and attract new.
The UK long-term savings market is quietly going through an unprecedented transformation as a longer-term consequence of RDR, the emergence of consumer duty and unparalleled numbers of advisers recognising they can no longer ignore the role of technology in their businesses. The rapid emergence of AI is forcing even those advisers who have been reluctant about technology to think seriously about its impact.
This presents enormous opportunities for the industry, as it raises the prospect of adviser firms being able to scale their services to support consumers who, increasingly over the 40 years since the introduction of the original Financial Services Act have become underserved.
Historically, Practice Management Systems have been seen as the pinnacle piece of adviser technology, however we believe their position has substantially moved on and this new document outlines the changes which have already taken place and the future direction of travel.
This new report aims to provide a contemporary understanding of the current state of the adviser tech market and understand how investment platforms, life insurers, asset managers and discretionary fund managers can best connect with adviser tools and systems to make the best-connected journey over the coming 12-18 months.
The purpose of this report is to outline the evolving technology landscape and provide an external perspective on the organisations it will be most important to partner with in the near future.
Subscription costs:
- The standard retail price for this report is £10,000+VAT
- If you subscribe to our monthly Adviser Insights Report (ASI) or AdviceTech Forum, we are offering this report at the discounted price of £6,000+VAT
- If you subscribe to our monthly Adviser Insights Report (ASI) and AdviceTech Forum, we are offering this report at the discounted price of £3,000+VAT
If you would like to discuss further, please contact [email protected] or complete the contact form below
Meet the team:
Ian McKenna
CEO and Founder
Ian founded Financial Technology Research Centre in 1995 nearly two decades before “FinTech” became part of the industry lexicon.
A boutique consultancy the firm focuses on how personal finance organisations can communicate more effectively with their customers and help them take better financial decisions. As part of this work the firm work with many of the U.K.’s leading long-term savings institutions, financial advisers and technology providers to identify emerging technologies that can transform customer relationships. More recently the firm has added its own InsureTech and RegTech ventures to help advisers ensure they help consumers find the life insurance and workplace pensions solutions that best meet the needs.
In addition to developing a UK view Ian travels extensively to identify similar trends around the world and the lessons that can be learned from other countries.
Martin McKenna
Senior Consultant
Martin has been in the financial services world for 30 years, working across many of the key disciplines.
With time spent as an adviser, working in the product world for a life and investment company, as Head of eCommerce in an adviser support services distribution, Lead Business Consultant in adviser software production for a bespoke financial services software firm, and as Head of Business System Design for a large national advice firm.
Martin was himself a member of FTRC’s Adviser Forum when working in distribution in the 2000’s and has a wide insight across the advice process and the business processes needed to support them.
Darren Madden
Research Consultant
Darren has been in the financial services industry since 2006. Working in various Financial Services roles from Central Operations, Wealth Management Administration, Senior Employee Benefits to Paraplanning. In this time, he has obtained his Diploma in Regulated Financial Advice, along with other additional CII accreditations to further his knowledge and career in financial services. He intends to continue his studies looking to obtain an Advanced Diploma over the next five years.
Outside of work, Darren is a self-titled tech geek, he builds his own computers, plays Virtual Reality Games. When not stuck inside technology, he loves spending time with his family and friends.
