Category: Paraplanner
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Paraplanners: Vital Collaborators in AI-Driven Financial Services
In the evolving landscape of financial services, the role of a paraplanner is being reexamined in light of the advancements in artificial intelligence (AI). While some may speculate about the obsolescence of paraplanners in a world increasingly driven by AI technology, the reality, as highlighted by Scott Daniels, the PFS paraplanner of the year, is…
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Paraplanners Shine: Unveiling a Surprising Career Preference Trend
In a surprising turn of events, recent research has unveiled a notable career preference trend towards senior paraplanners over financial advisers. A study conducted by recruitment platform Indeed in collaboration with the St James’s Place (SJP) Financial Adviser Academy revealed that a higher percentage of individuals have contemplated pursuing a career as a senior paraplanner…
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Clinton and Chloe Weekes Transform Paraplanning Industry Through Acquisition
Clinton and Chloe Weekes have made a significant mark on the paraplanning industry with their recent acquisition of Contract Paraplanning Services (CPS) from Hayley Knight. This move is poised to revolutionize the sector by combining CPS’s established reputation with the Weekes’ innovative strategies and extensive experience, paving the way for a period of substantial growth…
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Paraplanner Retention Strategies: Keeping Your Team Intact and Motivated
In the realm of financial advisory firms, the departure of a paraplanner can be a distressing event. As we navigate the landscape of sustainable, profitable, and client-focused adviser firms, the issue of retaining paraplanners takes center stage. Antony George Recruitment and The Financial Planning Club co-founder Lewis Byford shed light on this matter, emphasizing the…
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Paraplanners Urged to Shine in Finance Industry by Industry Insider
Paraplanners are being encouraged to elevate their visibility within the finance industry by industry expert Zara Okoro, a senior paraplanner at JG Paraplanning. Okoro emphasizes the need for paraplanners to assert the value of their profession and establish a stronger professional identity. She highlights the current lack of exposure and recognition faced by paraplanners, contrasting…
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Paraplanners: Key Players in Firms’ Strategic Evolution
In the realm of financial advice firms, paraplanners have transcended their traditional support roles to become pivotal players in strategic evolution. These professionals, equipped with high qualifications and charters, have undergone a significant transformation over time. Rather than merely assisting advisors in the background, paraplanners are now instrumental in enhancing firm efficiency, steering client strategies,…
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Paraplanner Develops Innovative Tool to Identify Vulnerable Clients
A paraplanner at Oakmere Wealth Management, Rachel Whittaker, has devised a groundbreaking approach to pinpointing vulnerable clients through the implementation of a unique traffic light system. This innovative tool aims to enhance the identification process for individuals requiring special attention and support within the financial advisory realm. The utilization of a traffic light system in…
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Paraplanners Urged to Embrace AI for Future Success
At the recent Empowering Advice Through Technology (EATT) conference in London, industry experts encouraged paraplanners to embrace artificial intelligence (AI) as a tool for advancement rather than a threat to their roles. TFAS Wealth CEO, Jeff Lange, and Chesterton House Financial Planning program manager, Sapna Shapero, emphasized the transformative impact of AI on paraplanning. Lange…
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Reforming Suitability Reports: A Paraplanner’s Call to Action
The world of paraplanning is abuzz with one crucial call to action: the urgent need for a complete overhaul of suitability reports. Alan Gow, the visionary founder of Argonaut Paraplanning, has boldly declared that these reports are currently stuck in the “dark ages” and are in dire need of a transformation. In the financial intermediary…
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Steven McBurnie’s Vision for Paraplanning Evolution at CISI Helm
Steven McBurnie, the newly appointed Chair of the CISI Paraplanner Interest Group (PPIG), is spearheading a transformative vision for the future of paraplanning. In a recent interview with Jenny Hunter, a fellow paraplanner, McBurnie delved into his background and aspirations for the paraplanning profession. With a solid foundation in financial services and a proactive approach…