Category: Paraplanner
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Sequoia Acquires Clique Paraplanning Service in Strategic Move
In a strategic move, Sequoia has successfully completed the acquisition of Clique Paraplanning, a renowned national outsourced paraplanning service catering to financial advisors. This acquisition marks a significant development for Sequoia, as it aligns with their expansion strategy within the financial services sector. The acquisition of Clique Paraplanning was finalized through a combination of cash…
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Paraplanners Embrace AI Revolution in Financial Planning
Paraplanners are increasingly recognizing the potential of artificial intelligence (AI) to revolutionize the financial planning services they provide to clients. A recent survey conducted by Scottish Widows among 200 paraplanners in the UK unveiled a positive shift in attitudes towards AI within the industry. The survey indicated that 64% of paraplanners believe that AI tools…
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Steven McBurnie Named Chair of CISI Paraplanner Interest Group
Steven McBurnie has been appointed as the new chair of the Chartered Institute for Securities & Investment (CISI) Paraplanner Interest Group (PPIG), succeeding Dan Atkinson. McBurnie, a Glasgow-based paraplanner at Wright, Johnston & Mackenzie, brings a wealth of experience to his new role, having served on the CISI PPIG committee for five years. His credentials…
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PFS Unveils 2025 Purely Paraplanning Event Program
The Personal Finance Society (PFS) has revealed the agenda for its upcoming 2025 Purely Paraplanning event scheduled for May 7, 2025. This event aims to assist professionals in adapting to the evolving landscape of the paraplanning industry. The conference will delve into pertinent subjects such as changes in inheritance tax, sustainability, vulnerability, and personal growth.…
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Empowering the Next Generation in Financial Planning Careers
In the realm of financial planning, there is an ongoing need to attract and empower young professionals, particularly in the role of a paraplanner. Transitioning from academic life to a career path in financial planning involves a significant shift in responsibilities and mindset. As a recent graduate venturing into the financial sector, the journey begins…
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FAAA Raises Concerns Over Paraplanner Pathway in Financial Services Classification
The Financial Advice Association Australia (FAAA) has expressed concerns regarding the lack of a clear career progression pathway for paraplanners within the financial services industry. This issue arises from the proposed classification of paraplanners by the Australian Bureau of Statistics (ABS), which may not adequately reflect their potential transition to financial advisers. At present, paraplanners…
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Guideway Introduces AI Paraplanning Avatar for Client Advice Delivery
Guideway Financial Services has recently unveiled a groundbreaking AI paraplanning avatar service that revolutionizes the delivery of client advice. This innovative tool aims to enhance the overall client experience and assist financial advisors in expanding their practices effectively. The company initially introduced FinTalk, an AI tool that transcribes meeting recordings into compliant advice notes, streamlining…
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Paraplanners Embrace Future Opportunities Beyond SOAs
Paraplanners are set to navigate a transformative path beyond the elimination of Statements of Advice (SOAs), as suggested by the recent Quality of Advice Review (QAR). The potential removal of SOAs could have significant implications for the responsibilities of paraplanners, according to insights from Mutual Paraplanning Services, a specialized paraplanning firm. Founder of Mutual Plans,…
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Former SJP Paraplanner’s Pension Advice Complaint Unresolved for 9 Months
A former paraplanner who previously worked at St. James’s Place (SJP) has raised concerns about the lack of advice he received regarding his pension transfer. This individual has been awaiting resolution on his complaint for over nine months, highlighting the delay in addressing his pension-related issues. This case sheds light on the challenges faced by…
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Paraplanners Embrace AI for Enhanced Client Outcomes
In the realm of financial advising, paraplanners are increasingly turning to artificial intelligence (AI) as a strategic tool to enhance client outcomes. According to recent research by Scottish Widows, a significant shift is observed among paraplanners who view AI as a means to streamline their tasks and improve the quality of services provided to clients.…