Scaled advice technology

Discover the top suppliers of scaled advice technology used by wealth professionals, and learn how advice firms are using it.

What are the most popular scaled advice technologies?

Scaled advice is used to give personal advice that is limited in scope. Given as piece-by-piece advice rather than holistic or comprehensive advice, it is often provided over the phone or online at a fraction of the cost of holistic advice.

If you're willing to provide piece-by-piece advice at the request of a client, a great piece of scaled advice technology can benefit your advice business by helping to expand your client base. This scaled advice approach may suit younger clients.

Research from the Netwealth 2021 AdviceTech Report shows that the top 4 suppliers of scaled advice technology used by wealth professionals and financial advisers include: Xplan Prime (31.5 per cent of advice firms), a solution built in-house (17.4 per cent of advice firms), Astute Wheel (16.3 per cent) and Midwinter AdviceOS (13.0 per cent).

 

Netwealth's 2021 AdviceTech Report

The 2021 Netwealth AdviceTech Report explores six major opportunities and crucial technology trends that advice firms should consider as they evolve their client value proposition and enhance their customer experience.

How are advice firms using this technology?

26.4 per cent of advice firms use scaled advice technologies for the provision of advice, which is similar to the proportion 12 months ago.

35.1 per cent are looking to implement this AdviceTech in the next 24 months.

More than three-quarters (75.4 per cent) of firms who utilise scaled advice technologies use it at least weekly as part of their service.

More AdviceTech resources





Innovation workshop 

Netwealth has designed this 90-minute workshop to help you and your team prioritise technology solutions against business objectives to develop your business' AdviceTech roadmap.

Download toolkit

The Emerging Affluent Report

This report is a playbook for financial advisers on how to attract, manage and retain The Emerging Affluent.

Download report

2021 AdviceTech summary video from Matt Heine

This 12 minute video explores some of the core themes that are highlighted in Netwealth's 2021 AdviceTech report.

Watch Video