Hybrid model is the future, advisers say

News Team, 16/04/2019

Over three quarters (76 percent) of advisers believe a hybrid financial advice model is the future of the industry, according to research conducted by Octopus Investments.

The survey found 81 percent believe the next generation of financial advisers will have to incorporate aspects of robo-advice into their offering.

Meanwhile, 74 percent said they believe that accessing financial advice online will become a key channel for younger clients seeking financial advice in the future.

A much smaller proportion had negative views about robo-advice, with 13 percent saying it distracts from the core face to face advice proposition, and 11 percent saying it fails to offer a tailored service. Seven percent said the risk profiling it offers is too imprecise.

It seems digital advice is not just being reserved for the future, with 27 percent stating they having already incorp...

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