Technology and the effective use of social media can make a big difference to the future of advice if it is properly used, but bringing in new, younger blood into the industry is essential too.

Financial advisers are facing changes on many fronts, and at the same time are feeling pressure from the regulator.

There has been much discussion about the need for advisers to adapt, and become aware of challenges further down the line, from the transfer of wealth to dealing with younger generations.

Many advisers have embraced social media, but what are the risks that it poses, and how do those that make it work for them turn it into a success?

Furthermore, what exactly are the prospects offered by robo-advice?

Chloe Cheung looks at these issues in this guide, which is worth an indicative 60 minutes' CPD.