Expanding Financial Planner Progeny has appointed a chief technology officer to drive the adoption of technology across the Financial Planning business.

Tim Thompson-Rye has moved from his role as marketing director to take up the newly-created chief technology officer role.  

He will recruit and head the department built around IT, innovation, and data and will oversee technology usage in Financial Planning.

He will also recruit for a range of roles across the department – including an innovation manager, data architect, software developers and other specialists.

Mr Thompson-Rye said: “Technology is rapidly changing what clients expect from an advice firm, as they begin to seek the same tech-enabled and on-demand options that are available in many other areas of their lives.

“We want to stay one step ahead of these demands, and in doing so, use technology to further enrich the relationship between client and adviser.”

Neil Moles, chief executive of Progeny, said: “This is a significant investment in technology, and a commensurate investment in Progeny’s future.

“By embracing a connected strategy, we can provide on-demand advice that is able to meet and even anticipate client needs, thereby forging deeper relationships and significantly improving the service we provide.

“It will also enable us to offer services to a wider market than ever before, democratising professional advice by reaching new clients and market sectors.

“Through serious and structured investment in technology we have the opportunity to become the best and the most trusted professional advice firm out there, continually innovating and constantly improving client experience.”