Category: Paraplanner
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Financial Paraplanner Joins Berkshire Money Management for Client Support
In a recent development in the financial sector, Berkshire Money Management has welcomed a new addition to its team. Michael O’Brien has joined the firm as a Financial Paraplanner, bringing with him a wealth of experience from the insurance industry. O’Brien, a licensed Property and Casualty Insurance agent, is currently preparing for the Series 65…
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Outsourced Paraplanning: Exploring Benefits and Drawbacks
Outsourced Paraplanning: Unveiling Advantages and Disadvantages In the financial services sector, the practice of outsourcing paraplanning services has become a prevalent strategy embraced by many firms. The rationale behind this trend stems from the industry’s recognition of the cost-saving potential and the ability to address labor shortages amid escalating regulatory demands. However, the decision to…
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FAAA Raises Concerns Over Paraplanner Career Pathway Clarity
The Financial Advice Association Australia (FAAA) has expressed concerns regarding the lack of a clear career progression pathway for paraplanners within the proposed Australian Bureau of Statistics (ABS) classifications. The FAAA highlighted the need for revisions in defining the roles of financial advisers and paraplanners to ensure clarity and facilitate a smooth transition between the…
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Paraplanners Adapt to Shifting Advice Landscape for Future Success
In the realm of financial advice, the landscape is undergoing a significant transformation, prompting paraplanners to adapt to ensure their future success. Over the past five years, the financial advice sector has witnessed a notable shift in its operational dynamics, driven by the integration of advanced technologies aimed at enhancing efficiency. Industry expert Hayley Knight…
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Paraplanning Business in QLD Acquired by New Owners for Growth
A Queensland-based paraplanning business, Contract Paraplanning Services (CPS), has recently undergone a change in ownership, with two new owners taking the reins to drive the company towards further expansion. Founded by Hayley Knight in Cairns in 2013, CPS specializes in providing outsourced paraplanning services on a contracted basis, allowing financial advisors to streamline their administrative…
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FAAA Raises Concerns Over Paraplanner Pathway Clarity
The Financial Advice Association Australia (FAAA) has expressed concerns regarding the lack of a clear career progression pathway for paraplanners in the financial advisory sector. The FAAA highlighted potential issues arising from the proposed Australian Bureau of Statistics (ABS) classifications, which currently do not include paraplanners in the standard occupation list for Australia and New…
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FAAA Advocates for Accurate ANZSCO Updates
The Financial Advice Association Australia (FAAA) is advocating for precise updates to the Australian and New Zealand Standard Classification of Occupations (ANZSCO) to ensure alignment with the educational requirements for financial advisors as outlined in the Corporations Act. In response to the ABS’s proposed changes designating financial advisors as skill level 1 occupations, the FAAA…
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Crossbridge Financial Group Welcomes New Registered Paraplanner
Crossbridge Financial Group, a prominent financial institution in Rochester, has recently expanded its team by welcoming a new registered paraplanner. This addition comes in the form of Aaron Randisi, a seasoned professional hailing from Webster, who brings over a decade of valuable experience in the retirement services sector, having previously worked with Paychex Inc. The…
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Paraplanner Aimee Joins Active Chartered Financial Planners in Stockton
Aimee Robson, a seasoned Paraplanner, has recently made the transition from Hong Kong to Stockton to join Active Chartered Financial Planners. Active Chartered Financial Planners, a prominent firm in the North East and Yorkshire specializing in financial planning, has expanded its team by welcoming Aimee to its Stockton office. Aimee’s journey in the financial services…
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LPL Trials Paraplanner Program to Enhance Advisor Services
LPL, a prominent financial services firm, is currently in the process of testing a new Paraplanner program alongside other initiatives aimed at enhancing the services provided to financial advisors. This move signifies a strategic effort by LPL to bolster its advisor support offerings and streamline the overall client experience. The introduction of the Paraplanner program…