In this final part of our video series with Seb Dovey, the cofounder of wealth management consultancy Scorpio Partnership talks about roboadvisers and how technology in general is redefining the adviser-client relationship.
According to the 2014 World Wealth Report, 66% of NHWI’s would consider switching financial firms due to their digital shortcomings. And High Net Worth Individuals are demanding access to digital wealth management capabilities, regardless of age. 57% of HNWI’s expect their wealth management to be primarily digital within the next 5 years.
While Seb does believe that human advisers will be completely displaced by technology, he does think that technology will redefine adviser-client relationship.
Check out some great resources from Scorpio here.