Insights

Risk Management – can technology help?

Most compliance methods within the Financial Services industry today are still very much based on a “needle in a haystack” approach. For that matter the same applies across most industries.

The ability to apply a more scientific approach to compliance would reduce risk whilst enabling an improvement in counselling and education processes.

“Watch this space”

Technology underpins advice streams. High-quality technology solutions are now a key factor for financial advisers, with the software’s ability to fully support them in delivering strong advice the significant differentiator. You can have a really good tool, but you have to put another layer on it to connect to the adviser, so it’s how you actually enable the software within the practice to make a difference, RI Advice Group chief executive Paul Campbell said yesterday. Technology must be harmonious with advice, he said. Advisers want technology to make it easier for them to run their business and they need [tools] to broaden their advice streams. It’s about making technology relevant in their office. You can take a good piece of software, but if you don’t implement it properly with the right systems and processes, it’s not effective, he said.

Technology underpins advice streams. High-quality technology solutions are now a key factor for financial advisers, with the software’s ability to fully support them in delivering strong advice the significant differentiator. You can have a really good tool, but you have to put another layer on it to connect to the adviser, so it’s how you actually enable the software within the practice to make a difference, RI Advice Group chief executive Paul Campbell said yesterday. Technology must be harmonious with advice, he said. Advisers want technology to make it easier for them to run their business and they need [tools] to broaden their advice streams. It’s about making technology relevant in their office. You can take a good piece of software, but if you don’t implement it properly with the right systems and processes, it’s not effective, he said.

Technology underpins advice streams

 

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180 Flinders St ADELAIDE SA 5000
PO Box 879, UNLEY BC SA 5061

Phone: 1300 43 33 11
Email: mail@frisk.com.au

180 Flinders St ADELAIDE SA 5000
PO Box 879, UNLEY BC SA 5061

p: 1300 43 33 11
e: mail@frisk.com.au

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