The role of the paraplanner is becoming more and more important for advisory businesses, Nick Cann says.
The chief executive of the Institute of Financial Planning (IFP) says fresh requirements on firms as a result of the retail distribution review (RDR) mean paraplanners could prove vital to a firm's, and its clients', health. Paraplanners are responsible for researching financial products and giving administrative support. They were prevalent in businesses two years ago but, since the onset of the recession, their numbers have dropped as IFAs have looked to save costs. Speaking at the 'Focus Solutions: How will you respond to the RDR' seminar in London on Wednesday, Cann says paraplanner...
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