Paraplanning: in-house or outsource?

With the adviser’s role increasingly moving from transactional to consultancy-based, recent years have seen a notable growth in the number of paraplanners and specialist bureau service companies. Paraplanners offer valuable skills to help support the financial advice process. They undertake research, produce reports and provide justification for the recommendations made. In addition, a paraplanner can have complex tax expertise as well as excellent communication skills, which will help free up advisers’ time to concentrate on managing and expanding their client relationships. All of t...