Paraplanner Zone: Damian Davies, The Timebank

Damian Davies is director of The Timebank, the country’s longest established and fully bespoke outsourced paraplanning service. The company started operations in 2003 and is headquartered in Hereford. What are the benefits of an outsourced paraplanning service? The reason why an IFA would want to outsource the paraplanning function is, firstly, because it is cost effective. There is also the added benefit of contracting out a company, as opposed to just an individual – it allows the IFA to use the breadth of skills across the whole company. It is a collegiate, broad approach. In addit...