Is mobile technology a threat to advisors? It shouldn’t be

The finance world is in no rush to jump on the mobile bandwagon. But the industry might be missing the boat as a result.

By Raul Moreno | Updated on February 27, 2015

The finance world is in no rush to jump on the mobile bandwagon. Overrun by conglomerates with practices steeped in tradition, the industry is notoriously resistant to change, especially when it comes to technology. And industry professionals are no exception.

Take, for example, mobile payments. Companies big and small have pushed for years to make mobile transactions a reality, but thus far, those efforts have largely fallen short. Key industry players, merchants and even consumers are still sitting on the fence. And while Apple’s decision to throw its hat into the ring is promising, there’s no guarantee it will stick.

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