Is agile working key to an outsourced paraplanning boom?

Trend accelerated by pandemic

clock • 6 min read

The pandemic has further opened the door for outsourced paraplanners who are no longer so confined by geography. Cherry Reynard speaks to a number of advisers and paraplanners about the growing trend and explores the debate between flexibility and cost

For many, the greatest long-term change from the pandemic will be agile working. Company bosses have been forced to loosen their grip on employees, allowing them to work from home at their own pace and in their own way. This new-found flexibility may also change the way advice firms operate and, specifically, the extent to which they make use of outsourced administration and paraplanning services.   Outsourcing paraplanning and other back office functions has been an option for advisers for some time. There is also increasing choice as more and more outsourced paraplanners have entered t...

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 Multi-Asset

MPS Watchlist: Helping advisers navigate the sector

MPS Watchlist: Helping advisers navigate the sector

Professional Adviser analyses what Consumer Duty means for MPS

Professional Adviser
clock 16 February 2024 • 1 min read
Partner Insight: Combining strategic and dynamic asset allocation to deliver better outcomes for your clients

Partner Insight: Combining strategic and dynamic asset allocation to deliver better outcomes for your clients

Tara Jameson, Co-Manager of the Schroder Global Multi-Asset Portfolios
clock 08 November 2023 • 8 min read
Partner Insight: How interest rate moves drive bond returns

Partner Insight: How interest rate moves drive bond returns

Markets might have got their interest rate outlook wrong, but the case for holding global bonds as part of a multi-asset portfolio remains as strong as ever.