One of the principal challenges facing the UK paraplanning profession is the "lack of consensus" around what the role actually entails, Anna Sofat told delegates at last week's PA360 conference.
Addressing Professional Adviser's inaugural all-day conference, the Valenta BPO UK director argued there was no consensus on what paraplanners do or should do. Sofat, who set up Valenta BPO UK in 2017 as a joint venture for outsourcing paraplanning between her UK-based advice firm Addidi Wealth and Brisbane-based Valenta, said advice professionals in the UK could learn lessons from abroad. As an example, she said working with Valenta had enabled her to scale up Addidi Wealth without "too much pain". She believed paraplanning was a more "defined profession" in Australia, arguing the U...
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