Catching the FinTech Wave
“Most of us agree that the only viable future for advice to the mass affluent needs at least an element of digital automation. But how to do it? You can either take a year to ponder this problem and hit the conference circuit, or take a few hours to read a book from someone who has been thinking about this for decades. Full of insights and practical tips. I found it really useful.”
Holly Mackay, Founder and CEO of Boring Money
“I have long been a believer that robust technology sits at the heart of every strong financial planning business. However many remain fearful and unsure which way to turn …. this guide from one the market’s key players will absolutely help you grasp the opportunities and take the leap of faith needed to transform your business model. A great in depth but equally succinct piece.”
Stephen Gazard, Group Managing Director, Intrinsic. Formerly Managing Director, Sesame Bankhall Group
‘Ben is an innovative and considered thinker, and a clear and engaging writer. For FinTech aficionados and Luddites alike, you’ll feel better prepared if you read this book.’
Mark Brandis, Managing Partner, Libertine London
“A 'must read' for any CEO, CMO, CTO or other member of the C suite running an advice firm, life office, platform, or asset manager. Equally essential reading for Fintech start-ups to help them learn about the realities of the world they want to work in.”
Ian McKenna, CEO of Finance & Technology Research Centre
“This entertaining read is full of insights from a pioneer in this industry with nearly two decades of experience. With the market for automated advice set to take off spectacularly, this timely book is essential reading for anyone involved in FinTech advice or financial planning.”
Professor Chris Brooks, ICMA Centre, Henley Business School, University of Reading.
“A timely book which serves as a guide to anyone involved in financial services in understanding the implications and opportunities of digital technology on the industry”
Rob Thorpe, Head of UK Intermediary, BMO Global Asset Management
“An excellent read. Knowledgeable, insightful, topical.”
Rory Percival, consultant and formerly Technical Specialist at FCA
“Delivering personal financial plans demands supporting technology now. Catching the FinTech Wave not only surveys a wide range of options, but actually explains in brilliant fashion how to implement! And the latter is very hard to find.”
Tom Sheridan, CEO, Seven Investment Management
“At the Personal Finance Society we believe there is a significant opportunity for the advice profession to play a key role in bridging the advice gap by utilising new technologies. Catching the FinTech Wave is a great reference for any firm seeking to benefit from new technologies in the financial advice sector.”
Keith Richards, Chief Executive Officer, Personal Finance Society
“An authoritative guide from one of the industry’s proven innovators”
David Dalton-Brown, Director General TISA and formerly Executive Director Fidelity Funds Network
“Most organisations have the word ‘digital’ in their strategy, but then maybe a little light on detail? This book explains how you bring this to life in Financial Services, no matter what hat you’re wearing. Insightful and relevant.”
Brian Gabriel, Portfolio Director (IFA) AVIVA
“A compelling read for those building Financial Services Firms, it steers thinking and actions towards the huge potential that exists for those that embrace the content”
Malcolm Streatfield, Chief Executive Lighthouse Group PLC
“There’s hard headed advice and no gushing here. Goss highlights the pitfalls of implementation and the inevitable outcome of thoughtless digitisation: the delivery of unsuitable advice at scale. A robust and overdue road map to building a 21st century practice!”
William Trout, Head of Wealth Management Research, Celent.
From risk profiling to robo-advice, the use of FinTech in financial planning is on the agenda of every financial services boardroom – whether you run an independent financial adviser, a wealth manager or a financial institution. The UK is finally reaching a tipping point as customers, advisers, government, the regulator and technology providers all align to take the industry forward into a digital future and no one wants to be left behind.
Catching the FinTech Wave is for senior executives in financial services and advice firms charged with evaluating or implementing technology for financial advice and planning. It helps you practically address the five big challenges that FinTech brings and avoid being dumped by the wave as it crashes across the industry.
Based on best practice and illustrated by more than 60 individually listed resources including the latest regulatory guidance, it shows step-by-step how to successfully catch the FinTech wave as it grows and swells and how to benefit from the vast opportunities it brings including:
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Massively growing your firm’s productivity
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Transforming access to your advice
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Retaining and growing customers who will be delighted to pay your fees, and
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Reducing your compliance risk
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To watch a video previous of an interview with Ben Goss about his new book, please click on the YouTube Banner below:
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About the Author
Ben Goss, CEO, Dynamic Planner
As the Internet was taking off, Ben was a strategy consultant for PricewaterhouseCoopers. In 1998, along with two cofounders, he left PWC, qualified as a financial adviser and founded Sort, the UK’s first online investment adviser. Today Sort would be called a robo-adviser. Sort took off, delivering regulated advice to over 1,000 people a day before selling to the largest online adviser in the US in 2000, now owned by Morningstar. Ben cofounded Distribution Technology (DT) in 2003 to apply the lessons he’d learned about how FinTech can be used to support high quality investment advice. Today DT’s digital service, Dynamic Planner, supports over 7,000 financial advisers, 120 asset managers and many billions of pounds of investment recommendations annually.Ben studied at Bradford University in the UK and Indiana University in the US where he was a MacArthur Foundation Scholar. He is a Fellow of the Royal Geographical Society and the Royal Society of Arts and is passionate about innovation and the opportunities technology brings to solving important challenges, including the financial advice gap. Ben is an Ernst & Young Entrepreneur of the Year and winner of the Deloitte Fast 50. He has been widely quoted in the press including The Times, The Financial Times, The Daily Telegraph, FT Adviser, FT Money Management, Citywire and Money Marketing and has blogged for the Huffington Post. A much requested speaker, he has spoken at numerous industry events including the UK Government’s International FinTech Conference. He writes a regular blog at www.dynamicplanner.com.
