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In this article, Wealth Wizards’ Simon Binney discusses the merits of self-serve and hybrid advice and how it could increase adviser revenues by 225%. The next few years will see exponential use of self-serve and hybrid advice as the financial services industry takes advantage of developments in technology and consumers feel increasingly comfortable using digital services. In understanding how hybrid advice can fit into an advice firm’s business model and provide a route into

Are you considering a hybrid advice model for your business? Wealth Wizards’ Simon Binney provides a valuable insight into how advisers and wealth managers are using digital-first and automation platforms to grow and future-proof their firms. ‍ What is hybrid advice? In a nutshell, the hybrid advice model helps firms automate processes and digitise the advice journey. This makes a firm’s processes more efficient, compliant, and cost effective. It frees up staff time– includin

A Future of Finance interview with Nick Hall, Head of Advice at Wealth Wizards. Wealth management faces much the same challenge as other forms of asset management: the fact that costs are rising faster than revenue. The consequent squeeze on profitability is encouraging many wealth managers to explore how technology can help restore a more comfortable expense ratio. But it is in the nature of wealth management to place service on at least an equal footing to efficiency. Which

A Future of Finance interview with Simon Binney, Business Development Director at Wealth Wizards. The wealth management industry is under pressure. Profitability depends on scale, and in the United Kingdom there are more than 27,000 firms vying to advise clients on the management of their savings, from independents with a handful of clients to the wealth management arms of global asset managers and private banks. Clients are increasingly demanding, forcing their wealth mana