Paraplanner numbers set to boom as RDR approaches

Recent research suggest paraplanners are increasingly being used by advisers to free up more of their time to see clients, with some suggesting the RDR will accelerate the growth of the profession. Jonathan Gumby, director at NMG Financial Services Consulting, says the RDR will prompt growth in demand for paraplanners, as well as driving more people to take on the role. Current studies show a number of people who do not plan to be working as an IFA post-2012 want to take up a different role in the financial advice business. Gumby believes many of these will opt for a role that does...