Leadership Unleashed: How to unlock team potential | Sally from Evotra | S4 E2

In this episode of the Adviser Tech Show, moneyinfo’s Managing Director Tessa Lee talks with Sally Meritt, co-founder and CEO of Evotra. They discuss the crucial role of technology in wealth management.

“We started Evotra to help businesses bridge the gap between their tech teams and day-to-day operations,” says Sally, sharing her journey from a Chartered Wealth Manager to a tech leader.

Sally explains how she moved from giving financial advice to working on tech projects. She highlights the importance of getting businesses ready for new tech, training staff, and ensuring everyone adopts the new systems effectively. They dive into common tech challenges, especially dealing with outdated data. Sally emphasises the need for robust data management and how poor data quality can hinder the effectiveness of even the best tech solutions. They discuss how Evotra's mission is to help firms not only implement technology but also maintain and optimise it over time.

“Any project that I've ever worked on, the greatest successes are when the leaders in that business, are all engaged and are on board, helping their teams understand the value that can be unlocked if everyone gets on board.”

Sally points out that the greatest successes come when business leaders are fully engaged and help their teams understand the value that tech can unlock. They also talk about the significant role advisers play in this process, especially when it comes to client-facing technology.

Tessa and Sally also acknowledge the increasing burden of regulations and how technology can help manage this effectively. They talk about the fear of having too much to do with too little time, and how tech can alleviate some of these pressures by automating routine tasks.

Finally, the discussion turns to the exciting potential of incremental changes in tech adoption. Instead of overhauling entire systems, firms can implement smaller, more manageable tech solutions that gradually improve operations and client service. They agree that this approach makes the transition smoother and less daunting.

Listen to this episode for an engaging discussion about how technology can transform wealth management, improve efficiency, and deliver better client outcomes. Stay tuned for more episodes of The AdviserTech Show for insights at the intersection of finance and technology.