Category: Paraplanner

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…