Category: Paraplanner
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Revolutionizing Compensation: Innovative Bonus Structures for Paraplanners
In the financial planning sector, the structuring of bonuses for paraplanners and administrative staff within Registered Investment Advisors (RIAs) is a pivotal issue. When expanding a team, determining bonus structures beyond traditional salary increments becomes a complex task that significantly impacts the financial dynamics of the firm. The common dilemma faced by advisory firms, irrespective…
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Paraplanner’s Assembly Hosts Big Day Out: Exclusive Insights
The Paraplanners’ Assembly recently hosted a significant event known as the Big Day Out, offering exclusive insights into the role of paraplanners in the financial planning industry. The event brought together professionals to discuss the evolving landscape of financial planning, particularly in relation to the integration of technology and human expertise. Fintech entrepreneur Tessa Lee…
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Jennifer M. O’Leary Earns Prestigious Registered Paraplanner Designation
Jennifer M. O’Leary Achieves Registered Paraplanner Recognition Jennifer M. O’Leary of Stamford, CT, has recently been granted the prestigious Registered Paraplanner (RP) designation by the College of Financial Planning, as announced by Asset Management Group, Inc. The RP designation signifies a comprehensive understanding of the financial planning process, including the five core disciplines of financial…
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Paraplanner Firm Enters Liquidation Amid Pension Transfer Restrictions
A paraplanner firm, Heather Dunne Consulting, has faced liquidation following restrictions imposed on its pension transfer permissions. Founded by adviser Heather Dunne in 2002 to assist advisers in pension transfers, the firm’s major client, HDIFA, managed by Dunne, was voluntarily suspended in July 2017 after an FCA inspection. Although HDIFA was reinstated in March 2018…
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Paraplanner Advises Using Business Relief for Inheritance Tax Planning
In the realm of financial planning, the strategic partnerships manager at Time Investments, Harry Donoghue, advocates for the utilization of business relief as a tool for effective inheritance tax (IHT) planning. Inheritance tax, often deemed as one of Britain’s most unpopular taxes, presents challenges to individuals seeking to preserve their wealth for future generations. Donoghue…
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Paraplanner Sunaina Khaylar Shares Empowering Story on Identity
Sunaina Khaylar, a paraplanner, recently shared her empowering story on International Women’s Day, shedding light on the significance of identity and cultural representation. Khaylar reflected on the impact of her unique, non-anglicised name, recounting moments from her childhood where she proudly asserted her full name, Sunaina Kaur Khaylar, even at a young age. However, as…
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Paraplanner Advocates for Financial Education in Schools
A prominent figure in the field of paraplanning, Sasha Wakefield, the founder of the Paraplan Project, is advocating for enhanced financial literacy within school curriculums. Wakefield emphasizes the importance of educating young individuals on financial matters and promoting the idea that a prosperous career in paraplanning can be achieved without a traditional university education. In…
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CISI Appoints Steven McBurnie as New Paraplanner Group Chair
The Chartered Institute for Securities & Investment (CISI) has announced the appointment of Steven McBurnie as the new chair of the Paraplanner Interest Group (PPIG), succeeding Dan Atkinson who served in this role for five years. McBurnie, a certified financial planner and a CISI Chartered Fellow in Financial Planning and Wealth Management, brings a wealth…
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Discovering the Unexpected Career Path of a Paraplanner
Naomi Draycott’s journey into the world of paraplanning began unexpectedly, as she reflected on her initial misgivings while walking down the firm’s gravel driveway in her heels. At 19, paraplanning was not a career path she had envisioned for herself. However, fast forward nine years, and she now views it as her true calling in…
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Paraplanner Salaries Soar: Demand Pushes Pay to £55,000+
The demand for paraplanners has surged, leading to a substantial rise in salaries, with figures now exceeding £55,000. Recruitment agencies have reported a notable uptick in pay levels for paraplanners due to the escalating need for their services in the financial sector. This trend reflects the growing importance of paraplanners in supporting financial advisors and…