Category: Paraplanner
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Paraplanners Embrace AI Evolution, Job Security Unshaken
In the rapidly evolving landscape of financial advisory services, the role of paraplanners is under the spotlight as artificial intelligence (AI) continues to shape the industry. Contrary to fears of job displacement due to AI integration, industry experts assert that paraplanners and IFA administrators need not dread losing their positions to automation. Instead, they are…
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Advisers Urged to Respect Paraplanners’ Expertise, Reject ‘Snotty’ Behavior
In the financial advisory realm, there is a growing call for advisers to show respect for the expertise of paraplanners, regardless of their qualifications. Damian Davis, the founder of The Timebank, has emphasized the need to discard any condescending attitudes towards paraplanners with lower qualifications. This plea for mutual respect within the industry underscores the…
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Paraplanners Shunning Advisor Roles: Survey Reveals Industry Trends
A recent survey conducted by the Paraplanner Hub and support service platform Tanngo has unveiled intriguing insights into the career aspirations of paraplanners within the financial industry. The survey indicates that only a mere 21% of paraplanners aspire to transition into financial adviser roles, highlighting a predominant contentment with their current positions. Traditionally, paraplanners have…
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Paraplanner Calls for Urgent Overhaul of Suitability Reports
In a recent development, a paraplanner named Alan Gow, the founder of Argonaut Paraplanning, has raised concerns about the urgent need for a significant overhaul of suitability reports. According to Gow, these reports are currently lagging behind and are in what he describes as the ‘dark ages’. This call for change in suitability reports comes…
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Expert Urges Recruiting School Leavers to Revitalize Paraplanning Industry
An expert in the financial industry is advocating for the recruitment of school leavers to breathe new life into the paraplanning sector. The call for fresh talent comes as a means to rejuvenate and invigorate the industry. Paraplanning, a crucial aspect of financial planning, requires a diverse skill set and a keen eye for detail.…
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FAAA Advocates for ANZSCO Accuracy in Financial Advice Professions
The Financial Advice Association Australia (FAAA) is advocating for increased precision in the Australian and New Zealand Standard Classification of Occupations (ANZSCO) concerning the financial advice sector. In response to the Australian Bureau of Statistics’ (ABS) consultation on the ANZSCO, the FAAA emphasized the importance of aligning the ANZSCO with the mandated educational prerequisites for…
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PFS Purely Paraplanning 2025: Expert Insights and Networking Opportunities
The Personal Finance Society (PFS) has unveiled the upcoming Purely Paraplanning 2025 event, aiming to equip participants with essential insights into the evolving paraplanning landscape. Set to take place in central London on May 7, the conference boasts a comprehensive program curated to address key industry topics such as inheritance tax modifications, sustainability, vulnerability, and…
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What Makes a Top Paraplanner: Expert Insights for Hiring Success
In the realm of paraplanning, the quest for top talent revolves around a unique blend of skills and attributes that go beyond the ordinary. Phil Greenwood, the mastermind behind technical consulting at EQ Investors, sheds light on the essential qualities he seeks when recruiting paraplanners. One fundamental trait that stands out in the world of…
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Paraplanners Urged to Match Advisers’ Qualifications, Says Timeline CEO
Paraplanners are being encouraged to match the qualifications of financial advisers, according to Abraham Okusanya, the CEO of Timeline. Speaking at The Verve Group’s Evolution 2024 conference, Okusanya emphasized the importance of paraplanners being as knowledgeable as advisers. The discussion took place during a panel session titled ‘The tale of two paraplanners,’ where both Okusanya…
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Paraplanners Embrace Change: Upskilling Key for Industry Survival
In the ever-evolving landscape of financial planning, the role of paraplanners remains steadfast despite the advancements in artificial intelligence (AI). While traditional responsibilities are undergoing a transformation, the resilience of paraplanners lies in their ability to adapt and upskill to meet the changing demands of the industry. Sapna Shapero, the Programme Manager of Operations at…