How platforms can streamline quality of advice amid ongoing changes

The ifa Show

In this episode of the ifa podcast, host Maja Garaca Djurdjevic is joined by Denis Orrock, chief strategy officer of wealth management platform Praemium.

Mr Orrock joins our host to discuss the evolving landscape of wealth management and administration platforms.

He also touches on the government’s response to the Quality of Advice Review (QAR) and how this might play out for the super funds. “I think the super funds moving to advice-style models will be interesting and how they scale their businesses for that. Are they fit-for-purpose for that today? Will they be reliant on digital or AI-generated advice versus personal advice?” And discusses a key issue for the industry around data integration. “The bigger impact for platforms is the data that sits within the platforms ... and how do we aggregate and standardise that data to provide advisers with a consolidated view of their customer.”

Moreover, Mr Orrock discusses how wealth management platforms like Praemium can evolve to support the changes to the advice landscape on the back of the QAR, as well as how technology can help streamline and enhance the delivery of advice.