Category: Paraplanner
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The Paraplanner Club: Empowering Success Through Mentorship and Innovation
In the realm of financial services, paraplanners play a crucial role, often working in the background to translate complex financial solutions into actionable plans. Sam Patterson, the Head of Delivery at Equilibrium Financial Planning and Head of Mentoring at The Paraplanner Club, sheds light on the significant influence paraplanners wield beyond producing reports. In a…
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Breaking Barriers: Men’s Rising Interest in Paraplanning Careers
In recent years, there has been a noticeable shift in the perception of paraplanning as a career choice for men. Traditionally, men often viewed paraplanning as a mere stepping stone to becoming a financial adviser. However, a study conducted by Quilter Financial Planning’s behavioral consultancy revealed that a significant number of male paraplanners aspire to…
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AI’s Progress Threatens Paraplanners: Industry Faces Reduction – FTAdviser
The rapid advancement of artificial intelligence (AI) in the financial services sector is poised to bring significant changes, potentially leading to a reduction in the number of advice firms and impacting the role of paraplanners. Ian McKenna, the founder of F&TRC, has highlighted that AI’s progress could result in a scenario where some advice companies…
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Paraplanner Opens Up About Imposter Syndrome Struggles
Sarah Lees, a dedicated paraplanner, recently shared her personal battle with imposter syndrome, shedding light on the challenges she has faced in her profession. The pressure and self-doubt associated with imposter syndrome have haunted her throughout her career, leading to anxiety-ridden nights fearing the worst. Imposter syndrome, a psychological phenomenon where individuals doubt their skills…
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Female Paraplanners Show Low Interest in Becoming Advisers
Female paraplanners, despite holding or pursuing adviser qualifications, exhibit a notably low interest in transitioning to become financial advisers. Recent data reveals that only a mere 6% of female paraplanners aspire to take on advisory roles, setting them apart from their male counterparts who display a higher inclination towards this career progression. This trend sheds…
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Paraplanner Calls for Rebranding to Increase Public Awareness
A paraplanner, Liam Chapman-Lyes, with five years of experience in the field, is advocating for a rebranding of the profession to enhance public awareness. Chapman-Lyes expresses frustration over the lack of recognition and understanding associated with the term “paraplanner.” Despite his passion for the role, he believes that a rebranding effort is necessary to shed…
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Griffith University Alumnus Named Paraplanner of the Year
Griffith University has once again proven its excellence in the financial planning domain by securing top honors at the 2016 FPA Awards. Among the standout achievers were Cody Harmon, a Masters student who clinched the prestigious FPA Financial Planner of the Year title, Bradley Aleckson, an undergraduate student who was lauded as University Student of…
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AI Impact on Paraplanning: Successes and Challenges Unveiled
Artificial intelligence (AI) is revolutionizing various industries, including paraplanning, with its successes and challenges. The debate surrounding AI’s role in enhancing efficiency while potentially replacing human jobs continues to evolve. AI’s ability to swiftly generate content based on specific requirements is impressive, as seen in a paraplanner event where an AI app effortlessly produced various…
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From Paraplanner to Adviser: A Career-Defining Journey
Transitioning from a paraplanner to a financial adviser is a pivotal career journey that requires dedication and a deep understanding of the financial planning landscape. Amanda Jarosz exemplifies this transition, having spent eight years immersing herself in the intricacies of financial systems before making the leap to become an adviser. Her experience underscores the significance…
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Regulatory Oversight: Should Paraplanners Be FCA Registered?
The discussion of whether paraplanners should be included on the FCA Register has raised concerns about regulatory oversight and accountability within the financial advisory sector. The Senior Managers and Certification Regime (SMCR) was established to mitigate risks posed by employees of advisory firms who could potentially cause harm to the firm or its clients. While…