Category: Paraplanner
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Evolving Role of Paraplanners: From Support to Strategic Partners in Finance
In the world of financial services, paraplanners play a crucial role in translating complex financial solutions into actionable plans that clients can trust. Sam Patterson, Head of Delivery at Equilibrium Financial Planning and Head of Mentoring at The Paraplanner Club, sheds light on the evolving role of paraplanners. According to Sam, paraplanners are no longer…
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Podcast Explores Evolving Role of Paraplanners in Financial Services Sector
Financial services are constantly evolving, and the role of paraplanners is no exception. In a recent podcast hosted by Sue Whitbread and Jenny Hunter, the focus was on the changing landscape of paraplanning. The guest, Sam Patterson, Head of Mentoring at the Paraplanner Club, shed light on the crucial aspects of mentorship within this profession.…
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Paraplanners in the UK Pursuing Chartered Status for Career Advancement
In the pursuit of professional growth, many paraplanners in the UK are setting their sights on achieving Chartered status as a significant career milestone. But what exactly does this journey entail, and why is it considered crucial in the paraplanning profession? Jenny Hunter, a Senior Financial Journalist at IFA Magazine and a Chartered Financial Planner…
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Innovative Traffic Light System Identifies Vulnerable Clients, Enhances Support
Rachel Whittaker, a senior paraplanner at Oakmere Wealth Management, has developed an innovative traffic light system to identify vulnerable clients. This tool assigns a color to each client based on their vulnerability level. Green signifies potential vulnerability, amber indicates a higher risk of harm, and red highlights clients at significant risk. Cyber Risk Management: Prioritize…
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Paraplanners Elevate Role to Strategic Partners in Financial Planning Evolution
Paraplanners have emerged as the backbone of financial advice firms, transcending traditional support roles to become strategic partners shaping firm efficiency and client strategies. Their evolution reflects the changing landscape of financial planning, where regulatory demands and client expectations are driving the need for specialized expertise. The Operational Excellence Library; Mastering Financial Planning Tools |…
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Paraplanners’ Key Attributes and Career Paths in Financial Industry Evolution
When it comes to hiring paraplanners, honesty, integrity, and a drive to learn are key attributes sought after by industry professionals like Phil Greenwood, head of technical consulting at EQ Investors. Greenwood emphasizes the importance of being well-rounded, with high standards and the ability to engage collaboratively with advisers. Technical knowledge is valuable, but Greenwood…
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PFS Reveals Purely Paraplanning 2025 Event Details for Industry Professionals
The Personal Finance Society (PFS) has unveiled the details of its upcoming Purely Paraplanning 2025 event, aiming to provide attendees with insights into the evolving paraplanning landscape. Scheduled for Wednesday, May 7th, in central London, the conference will feature industry experts delving into crucial topics such as inheritance tax changes, sustainability, vulnerability, and personal development.…
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Paraplanner Introduces Traffic Light System to Identify Vulnerable Clients
Rachel Whittaker, a senior paraplanner at Oakmere Wealth Management, has devised a unique traffic light system to pinpoint vulnerable clients within the firm. This innovative tool categorizes clients based on their vulnerability level, with green indicating potential vulnerability, amber highlighting a higher risk of harm, and red signaling heightened vulnerability. Regular team meetings are held…
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Unlocking Financial Success: The Role of a Paraplanner
Paraplanners, often overshadowed in conversations about financial planning careers, are now experiencing a paradigm shift in their professional landscape. Traditionally confined to support roles, paraplanners are now embracing chartered status, driving their own growth, and exploring diverse career avenues. With a surge in paraplanners achieving chartered status, the spectrum of career opportunities has expanded significantly,…
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Paraplanners Face Uncertain Path Forward, FAAA Raises Concerns
The Financial Advice Association Australia (FAAA) has expressed concerns regarding the lack of a clearly defined career progression path for paraplanners within the proposed Australian Bureau of Statistics (ABS) classifications. Paraplanners currently do not have a designated classification on the Australia and New Zealand standard occupation list, but there is a possibility of its inclusion…