The Statistics are brutal!

• 56% of young investors avoid professional advice due to high fees and outdated approaches.
• 51% of respondents feel they lack control over their finances, indicating a significant financial literacy and engagement gap.
• 63% of women are uncomfortable with basic investment principles, with 72% not actively monitoring their investments.
• 47% of participants save little to no income, reflecting poor financial habits and future preparation.

Theo Paraskevopoulos, CEO & Founder of Invessed, is taking the challenge straight on and transforming wealth management to better serve younger generations.

I sit with Theo to discuss the evolving landscape of financial advice in the UK and the enormous challenge we have ahead. Theo shares with us how Invessed aims to empower financial professionals by leveraging technology to reduce admin tasks and enhance client interactions, and therefore provide a solution to this problem.

We cover,

(00:00) Understanding the Hesitation in Seeking Financial Advice

(01:13) The Importance of Purpose in Business

(02:24) Building Purpose-Driven FinTechs

(06:30) Simplifying Financial Services for Greater Impact

(09:42) Engaging More People in Financial Management

(13:48) Challenges Faced by Young Investors

(19:03) The Role of Technology in Modern Financial Services

(22:42) The Responsibility of Wealth

(23:29) Innovative Fintech Solutions

(24:07) Empowering Investment Professionals

(25:40) Behavioral Data and Predictive Technology

(28:43) Customer Pain Points and Scalability

(37:42) Building Successful Products

(41:10) Fireside Questions and Closing Remarks

Follow for more discussions on how to build great FinTech products with Customer and Commerical Impact and stay updated on the latest episodes.

👉 You can find Theo here

• LinkedIn: https://www.linkedin.com/in/theoparaskevopoulos/
• LinkedIn: https://www.linkedin.com/company/invessed-tech/
• Website: https://invessed.com/
• Invessed report: https://invessed.com/invessed-client-engagement-survey-2024/

👉 And you can find Monica here:

• LinkedIn: https://www.linkedin.com/in/monicamillares/
• YouTube: https://www.youtube.com/@moni_millares
• TikTok: https://www.tiktok.com/@moni_millares
• Website: https://moni-millares.mystrikingly.com/

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Production and marketing by Monica Millares. For inquiries about being in the show, coaching, consulting, creative collabs, sponsoring the podcast or creating or editing your podcast email fintechwithmoni@gmail.com

Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.