In summary, despite the techbubble 2.0 style names of some fintech companies, this is not necessarily a repeat of the late 1990’s. Does fintech represent an opportunity for advisers? Yes.

The key is for them to educate themselves on how fintech can augment and help their business and clients. There is also the danger of increased competition and falling behind with levels of customer convenience, but signs are that there is still plenty of demand for good old fashioned, real human financial advisers and interaction.

Jason Baran is an investment consultant, funds and DFM at Defaqto