Articles like this are coming thick and fast, yet I still meet wealth management professionals almost every week who tell me that it's all smoke and mirrors.

What's alarming is that more often than not, it's senior and respected players who seem to have their heads buried deepest in the sand.

Time will tell what actually happens, but I for one would, at the very least be looking at the issue in depth because technology has a habit of creeping up behind you and kicking you in the backside when you least expect it.