Paraplanning in 2022 — 'glorified admin' or a direct proxy for advice?

A deep dive into the role paraplanners are playing in today’s advice world

clock • 6 min read

Paraplanning is a young industry, Cherry Reynard writes. There is also little or no formal definition of the role of a paraplanner…

A lot in paraplanning still depends on individual adviser and how they see the role. However, the effects of the pandemic and the march of technology are accelerating the shift in paraplanning from an administrative to a highly skilled role within advice firms. It may prove a crucial shift if advisers are to give the best possible advice amid a cost of living crisis and an increasingly complex retirement landscape. Historically, part of the problem for paraplanners in carving out their role is that each adviser may see the job differently and it may depend on their own skillset. A parapl...

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