At the Future Proof Conference recently held on Huntington Beach in Southern California, the contrasts and comparisons between adviser technology in the UK and US were evident.
Seated alongside FTRC’s Ian McKenna, who has since written his thoughts on the innovations showcased in these very pages, it was clear both countries are brimming with viable technological ideas.
Indeed, despite the UK’s more stringent regulatory climate, we have developed technologies that can rival – and even surpass – those over the pond.
The integration hurdles in UK adviser tech have been a frequent topic of conversation. However, the US faces similar challenges.
In the UK, there’s a trend to consolidate various functionalities, like a wrap platform that also offers risk tools, model portfolios, cashflow and CRM.
57% of advisers in the US pinpoint lack of integration as their most significant tech-related challenge
Conversely, in the US, there’s a pronounced emphasis on specialised software, like portfolio optimisation tools, estate planning, rebalancing tools…