New Advice Models are Exciting Opportunity says WealthObjects CEO

The pace of change in regulation, technology and consumer expectations is creating unprecedented possibilities for pioneering advice firms, claims the founder of WealthObjects Platform, Uday Bhaskar Nimmakayala.

The specialist in adviser and digital wealth platforms believes firms who invest early in the FCA’s new regulatory models will be able to deliver sophisticated, compliant client journeys and gain a strategic advantage.

Uday Bhaskar said: “We are about to witness one of the most significant regulatory innovations in recent years and seizing the opportunities presented by the new advice models will require investment in technology, staff and infrastructure. Early movers will be the ones who establish brand recognition, capture clients and are able to refine their propositions, whilst those who delay entry may remain trapped in development cycles.”

Firms wanting to launch the FCA’s range of advice journeys must demonstrate capabilities across technology, process and governance to retain the distinction between guidance, targeted support, simplified advice and full holistic advice. Creating cost-effective solutions for consumers, whilst maintaining the boundaries, will require sophisticated technology capable of managing segmentation logic, communications and disclosures.

WealthObjects Platform has pre-built frameworks to help firms launch new advice propositions faster. Its intelligent automation, workflow controls and integrated checks will make compliant, commercially viable processes available at a lower consumer price point.

Uday added: “Firms attempting to build proprietary systems or stitch together multi-point solutions face challenges that will drain resources and delay market entry. Our experience in creating bespoke advice and digital investing platforms, as well as our in-depth understanding of the new advice models, can accelerate the time to market, providing a strategic advantage.”

For more information about how WealthObjects is supporting financial sector firms through the forthcoming regulatory changes, contact us or email: hello@wealthobjects.com

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