Category: Paraplanner
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Georgiou Debunks Myths: In-house vs. Outsourced Paraplanning Differences
Christina Georgiou, an experienced Paraplanner, sheds light on the distinctions between in-house and outsourced Paraplanning, debunking the misconception that outsourcing is merely a cost-cutting measure. Having navigated the realm of in-house Paraplanning, Georgiou emphasizes the allure of this role, characterized by high demand, lucrative remuneration, and various perks. Drawing from her extensive experience predating the…
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MLC Revolutionizes Paraplanning Services with New Referral Panel Model
MLC, a prominent financial services company, is set to revolutionize its paraplanning services by introducing a new referral panel model for its advisers. This move marks a significant shift from its current centralized approach facilitated through ThreeSixty. Scheduled for implementation in October, the revamped paraplanning system aims to offer enhanced flexibility and customization tailored to…
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Paraplanners Urged to Amplify Presence in Financial Advisory Landscape
In the realm of financial advisory services, paraplanners are being encouraged to enhance their visibility and impact within the industry. Often regarded as advisors’ indispensable allies, paraplanners have gained prominence, particularly in the wake of the retail distribution review that ushered in a more rigorous regulatory landscape. The call for outsourced paraplanners to elevate their…
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Female Representation Lacking in Financial Advice Profession
The financial advice profession is facing a significant challenge in terms of gender diversity, with a notable lack of female representation causing concern among newcomers to the field. This issue of underrepresentation of women in financial advice has been highlighted as a source of intimidation for many aspiring professionals. Historically, the financial sector has been…
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Should Paraplanners Obtain Level 4 Qualification? Industry Insights Revealed
In the financial advisory industry, the debate around whether paraplanners should hold a Level 4 qualification has been gaining momentum. The role of a paraplanner involves various tasks such as preparing client files, making recommendations, implementing financial plans, and reviewing portfolios. These responsibilities demand a diverse skill set, with a focus on technical proficiency, research,…
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Paraplanner Profession: Navigating Uncertainties and Opportunities Ahead
The paraplanner profession is at a crossroads, contemplating its future trajectory amidst uncertainties and opportunities. With the recent introduction of a paraplanner apprenticeship by the New Model Business Academy, the field is poised for growth and development. However, the lack of consensus on the exact role of a paraplanner poses a challenge, leading to confusion…
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Paraplanner Launches Wrapcompare Platform Cost Tool for Financial Advisers
Rebecca Lucas, a Paraplanner, Introduces Wrapcompare Platform Cost Tool for Financial Advisers Rebecca Lucas, the director and owner of Lime Outsourced Paraplanning, has unveiled a new online tool aimed at assisting financial advisers in comparing platform costs. The tool, named Wrapcompare, is designed to provide a quick and efficient way for advisers to analyze and…
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Paraplanners Embrace AI to Stay Ahead in Industry Transformation
In the ever-evolving financial landscape, paraplanners are navigating the integration of artificial intelligence (AI) into their roles. At the Empowering Advice Through Technology (EATT) conference in London, TFAS Wealth CEO Jeff Lange and Chesterton House Financial Planning programme manager Sapna Shapero highlighted the transformative impact of AI on paraplanning. Lange emphasized that rather than AI…
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Paraplanner’s Key Benefit: Work Stays at the Office
Paraplanners play a crucial role in the financial industry, with one of the standout benefits being the ability to leave work at the office. This aspect was highlighted by Marlena Eltringham, recognized as the Personal Finance Society paraplanner of the year. The concept of not taking work home resonates with many professionals in this field,…
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Commonwealth Empowers Advisors with Paraplanner Access Through RightCapital Integration
Commonwealth, a prominent independent broker-dealer based in Waltham, Massachusetts, with a substantial network of 2,200 representatives, has embarked on a strategic initiative to enhance its financial advisory services. This move comes in the wake of transitioning from MoneyGuidePro to RightCapital, a decision that has significantly influenced Commonwealth’s approach to integrating paraplanners into their advisor ecosystem.…