He says: “The important thing is not to be five years ahead. Lots of people lose money by being too early, and there is no point in being behind.
“We say no to 99.8 per cent of the companies we look at, but one of the ideas that we are really excited about right now, additional to financial services is cyber security.”
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While investors in technology have endured a bumpy ride over the past 12 months, the pace of change remains as rapid as ever. It may be that those advisers and wealth managers who are slow to change get left behind.
David Thorpe is investment editor of FTAdviser
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