Five tech trends advisers need to watch
By Kirsten Hastings, 9 Jan 17
Adviser platforms, wealth managers, and financial advisers need to keep five key technology trends in mind as they navigate the ever-shifting financial services landscape, according to Alex Kerry, head of Winterflood Business Services.
Discretionary fund managers (DFMs) are increasingly selecting ETFs for use in model portfolios, as aggregated trading can help with the trading costs, particularly when it comes to rebalancing.
We are seeing DFMs increasingly put pressure on platforms to provide fractional dealing to ensure more efficient trading.
Robo-advisers will also be a key beneficiary of fractional dealing for ETFs, given this market’s objective for stress-free, cost-effective investing for broad audiences.
This is revolutionary for cost-conscious investors, meaning clients with £1,000 are treated the same as those with £1m ($1.23m, €1.17m).
Tags: Investment Strategy
