Oklahoma City financial advisers are increasingly setting up virtual practices as technological advances such as video conferencing, digital signatures and screen sharing mean bricks-and-mortar offices are becoming less essential. The shift to a virtual practice gives advisers more flexibility in terms of location and lifestyle, while saving money on office rent. However, veteran adviser Tim Holsworth rejected the virtual strategy, saying financial planning is a personal process. However, Michael Kitces, a wealth management partner at Pinnacle Advisory, pointed out: "With the rise of virtual planning, you can have greater specialisation because you can work with clients anywhere in the country."
US financial advisers are increasingly setting up virtual practices as technological advances such as video conferencing, digital signatures and screen sharing mean bricks-and-mortar offices are becoming less essential. The shift to a virtual practice gives advisers more flexibility in terms of location and lifestyle, while saving money on office rent. However, veteran adviser Tim Holsworth rejected the virtual strategy, saying financial planning is a personal process. However, Michael Kitces, a wealth management partner at Pinnacle Advisory, pointed out: "With the rise of virtual planning, you can have greater specialisation because you can work with clients anywhere in the country."