Spurred by the advent of transformative technology, the financial planning industry continues to evolve rapidly. Technology has emerged as a powerful tool that can empower consumers to make informed decisions about their finances, whilst providing an effective ‘intelligent assistant’ for financial advisers to build client plans more efficiently, quickly, and cost effectively. Technology will help bridge the gap that currently exists between advisers and their clients, helping to foster a sense of trust and deeper engagement. In the process, it may also serve to bolster firms’ compliance with regulatory requirements.
