Masterclass: How to make sure your paraplanner is a good fit

PARAPLANNERS

clock

Handing the number crunching over can be a dream but getting the right person isn't always so easy. Rebecca Jones uncovers the dos and don'ts of hiring a paraplanner...

If sources are to be believed, paraplanners have been multiplying like rabbits. In January, CoreData predicted that the number of advisers outsourcing technical and research based work would rise 16% by the end of the year, a supposition bolstered by the recent rise in Personal Finance Society (PFS) registered paraplanners to 2,000, or 6% of all members. The reason for this, argues managing director of Facts & Figures Simon Webster, is obvious. “Paraplanners are cheaper to feed than financial advisers. If I’m doing work that someone else could do for less then I’m losing money; that i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Spouses using different advisers can often cause difficulties

Spouses using different advisers can often cause difficulties

Looking at industry thoughts on the back of last week’s PA Asks poll

Hope Coumbe
clock 25 March 2024 • 1 min read
Editor's View: A very busy week and a very clear warning

Editor's View: A very busy week and a very clear warning

The editor's Friday Night Takeaway from 22 March

Hope Coumbe
clock 22 March 2024 • 2 min read
Editor's View: Will it be smooth sailing ahead for True Potential?

Editor's View: Will it be smooth sailing ahead for True Potential?

The editor's Friday Night Takeaway from 15 March

Hope Coumbe
clock 15 March 2024 • 1 min read