Financial advisers have had some bad press over the years, with the historical propensity of some to steer clients into unsuitable investments in order to earn a commission tarring the lot with the same brush.

Broadly speaking the view is unfair, not least because legislation such as the Bribery Act and regulations like the Retail Distribution Review have put paid to the worst of the profession’s excesses.

Yet some stereotypes persist, such as that of an ageing gentleman advising other ageing gentlemen on how to save their riches for retirement.

It is no wonder that Adrian Murphy of Glasgow advisory business Murphy Wealth feels the sector is ripe for disruption.

While the use of technology, which Murphy Wealth has been investing in since moving from Ayr to Glasgow four years ago, is somewhat revolutionary in a sector that continues to be tinged with traditionalism, it is in the way it is building its client base that Murphy Wealth is setting itself apart.

Rather than targeting those that have already built up some amount of wealth, the business is focusing on younger entrepreneurial clients that it can “go on a journey with”.

As Scotland is a hotbed of entrepreneurialism, particularly in the technology sector, it is a journey that could well prove fruitful. After all, with Edinburgh’s Skyscanner selling to Chinese travel agency C-trip for £1.4 billion last year, you do not have to look far to see that today’s penniless entrepreneur could be tomorrow’s multi-millionaire.

When that happens, all but the bravest will need someone to turn to help them manage their newfound wealth.