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Bravura Solutions has appointed Paul Dunn as Asia Pacific managing director to scale the firm’s business in the region.

Advisers feel cautious about implementing digital advice, according to abrdn, as they are unclear on whether it would qualify for them to meet all their regulatory requirements.

Digital hybrid advice is an answer for Australians excluded from advice due to high costs and for those who do not have ‘complex advice needs’.

There is a huge, almost invisible, demand for personal financial advice but advisers will only be able to meet this if they are willing to collaborate rather than compete, writes Neil Macdonald.

It was also likely that practices might struggle with staffing as new entrants to the industry were coming in at a slow pace. Mike Giles, Ignition Advice chief executive, said the remaining advisers should think of digital advice as a junior adviser which was there to help organise and simplify the process allowing the human element to be saved for when it was better suited. “One thing [digital advice] does a good job of doing is how to triage people up the tree,” Giles said. “It doesn’t mean [digital advice] is going to replace full-service financial advisers, it’s meant to be an a...