Reclaiming Time for What Matters Most in Financial Advice

The role of a financial adviser is both rewarding and challenging. Beyond providing expert advice to clients, advisers often find themselves buried in administrative tasks that consume valuable time.

 

In fact, according to the Financial Planning Association (FPA) UK, financial advisers spend 60-70% of their time on administrative and operational tasks, leaving just 30-40% for client-facing activities.

 

This significant time imbalance underscores the need for more efficient workflows, particularly as advisers aim to deliver the best possible outcomes for their clients.

 

The Hidden Costs of Time-Consuming Tasks

 

Preparation Overload
The Institute of Financial Planning (IFP) reports that UK financial advisers dedicate 4-6 hours preparing for each client meeting. This preparation involves gathering data, updating portfolios, and creating strategy documents, especially for complex reviews. While thorough preparation is essential, the time spent on these tasks can limit advisers’ ability to take on new clients or deepen relationships with existing ones.

 

Administrative Challenges
A 2022 survey by SIFA revealed that 71% of UK advisers view administrative tasks as their primary time drain. Coupled with increasing regulatory demands, many advisers report feeling overwhelmed. This environment of constant juggling can detract from the client-focused advice that advisers excel at delivering.

 

The Cost of Inefficiency
Inefficient processes don’t just cost time—they also cost opportunities. According to a report by FundsNetwork, one in five UK advisers believe their firms could increase client-facing time by up to 30% through more efficient technology. This highlights the financial and reputational benefits of adopting smarter solutions.

 

Automation: A Game-Changer for Financial Advisers


The potential for automation to transform financial planning is clear. Research from NextWealth in 2023 found that 83% of UK financial advisers see value in greater automation. Of these, 70% noted that it would allow them to focus more on client relationships and provide more personalized advice. The takeaway? Automating repetitive tasks isn’t just a productivity booster—it’s a path to better client outcomes.

 

How Estgro Empowers Financial Advisers

 

As the demands on financial advisers grow, tools like Estgro offer a lifeline by simplifying estate planning and automating critical tasks. Here’s how:

  • Seamless Data Integration: Estgro consolidates client data, including investments, assets, and tax considerations, into a single, comprehensive platform.
  • Effortless IHT Calculations: By automating inheritance tax (IHT) liability assessments, Estgro identifies tailored strategies to reduce tax burdens.
  • Streamlined Workflows: Advisers can save hours of preparation time by using Estgro’s efficient workflows, enabling more time for meaningful client interactions.

By addressing inefficiencies, Estgro allows advisers to focus on what matters most: delivering exceptional advice, nurturing client relationships, and growing their businesses. The result is not just improved productivity but also a deeper level of service that sets advisers apart in a competitive marketplace.

 

Make 2025 the Year You Reclaim Your Time

 

Now is the perfect time for advisers to align their clients’ estate planning with broader financial strategies. By leveraging technology like Estgro, advisers can reclaim precious hours, enhance their service offerings, and ensure their clients are prepared for the future—both financially and personally.