Boylan added: “Key here is the ability to combine both soft and analytical skills - building strong, trusted relationships to gather the relevant information, while applying tools and resources to create a plan which helps them to feel financially secure.
"As these findings show, more and more people are recognising the value of financial advice and as an industry we need to look at how we fulfil this.”
Earlier this year, Fidelity partnered with Canadian fintech Conquest to become the exclusive distributor of its financial planning software, Conquest Planning, to the UK advice market.
Conquest Planning uses data and artificial intelligence to provide advisers with greater insight into clients’ circumstances, allowing them to model recommendations in real-time and understand how they might impact clients’ goals.
Boylan said: “Conquest Planning processes data in a variety of ways, quickly building and comparing different plans within a consistent framework and improving the efficiency of financial planning.
“In turn, this creates more opportunities for advisers to support new and existing clients navigate the obstacles that lie ahead.”
sonia.rach@ft.com
What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know
