David Ferguson chats to us about his early experiences of dealing with tech companies, including moneyinfo, and knowledge obtained of 10 years in his time as founder and CEO of Nucleus Financial Group. David believes platforms shouldn’t have a ‘walled garden’ around them, and although it’s not a widely held view, no one system can do everything … for everybody! In this episode David talks about how any avenue platforms could take to benefit their clients should be explored. “People that are doing interesting, helpful things, should be able to connect to each other in the most positive way”.
Moving on to David’s new chapter as CEO, he talks us through his motivations for joining SECCL which were around their fresh approach to being something new in the sector, and the concept of becoming an embedded platform which can plug into any number of user journeys on the front end.
Sim and David discuss how most corporate type platforms which have massively complicated infrastructures were built in the early 2000s, and although they’ve evolved, they were initially built on legacy tech. The cost of upgrading these systems over time becomes prohibitive to innovation, but SECCL is proving to be a welcome alternative, being built from the ground up with customisation at the heart of their proposition.
David is CEO at Seccl and was previously the founder and CEO of Nucleus Financial Group, the financial adviser platform that he led to £20bn in assets under administration (AUA) prior to stepping down in September 2022.
In addition to being a well-known and highly respected figure within the UK’s adviser community, David is also a passionate technologist and supporter of fintech – having served as Chairman of FinTech Scotland and Fintech Envoy for HM Treasury.
Sim and David discuss how some high end firms are still using antiquated tech to power their digital experience. For example, requiring wet signatures should not still be practised, and clients and firms should be striving for something better. SECCL is powering firms to deliver that modern, connected, client experience.
Tune in to this episode to hear David and Sim Sangha, our Business Development Director discuss how SECCL are truly an API first proposition, allowing firms to build any client journey on top of whatever systems want, and how you always have to consider, control vs compromise, low fees vs high fees, and analogue vs digital.
From Pensions to Pixels | Dan McMahon from Hyman Robertson | S3 E5
Regulation Innovation | Henry Cobb on Navigating Change | S3 E4
What’s keeping financial advisers awake at night? | Matt Jeffery from Alpha FMC | S3 E3
Ruth Handcock on Transforming the Advice Industry | Octopus Money | S3 E2
A Journey in Finance | Insights from the Verve Group | S3 E1
Who’s afraid of the big, bad technology adoption? | How Advisers have used technology over time | S2 E6
How to navigate through a moving landscape | Essential technology for Financial Advisers and Wealth Managers | S2 E5
Getting your advisers excited for launch | How to release new tech to your staff and clients | S2 E4
65 is the loneliest number | How to be a financial adviser that won’t get left behind | S2 E2
The gale of creative destruction | What Adviser Technology is lacking | S2 E1
Ep 23: The Consumer Duty All-Stars
Ep 22: Turning around business quicker feat. Wendy Fisher, Progeny
Ep 21: The road to B-Corp feat. Anthony Villis, First Wealth
Ep 20: The importance of empathy as an adviser feat. Giselle Clayton, Financial Planner
Ep 19: Onboarding clients from the get-go feat. Anna Wren, Administration Manager at Motus
Ep 18: Saving 100 business days per year - feat. Dominika Sieradzka-MacCuirc, Founder of RIE Solutions
Ep 17: The BIG Opportunity for Innovators feat. Dr Emma Black from Cascade Cash Management
Ep 16: Talking Tech with Tim Walton, Aviva’s Platform and Fintech Integration Manager
Ep 15: Supporting the Trailblazers with Lewis Hamm from O-IM
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