Advice technology in the industry until now hasn’t been very spectacular and hasn’t really been advice. Probably because it has predominantly been guidance-based, created by tech firms with no advice know-how.

The technology proposition we typically recommend is algorithmic advice-based. It produces actual advice for the adviser to review and provide. It has been co-designed by advisers to ensure process and compliance are at the heart of the tech. And, of course, we use the best of what you have already, and only add what’s needed - meaningful progress without unnecessary re-engineering.

The key to any good technology proposition is that it must be built for real-world advice firms.

The technology we typically use was designed to not just automate the advice process, but to improve it. Introducing software for its own sake that has limited impact we leave to others.’

Each step of the technology framework should be built with the regulatory framework as its base - ensuring not just efficiency but also making time-consuming manual compliance checking an exception-only activity.

Onvestor, as both regulated advisers and software engineers, are uniquely placed to analyse and recommend the technology that you actually need – and then keep it working. 

Whilst we won’t delve into all the detail of our extensive assessment process here, it does come down to some core fundamentals which simply have to be in place for technology to work in the advice industry: