Paraplanners' confidence holding back progression

Aspiration and confidence gap over future career paths, SOTAN report finds

Isabel Baxter
clock • 3 min read

Paraplanners want career progression but lack confidence to make it happen, data from the latest State of the Advice Nation (SOTAN) report reveals.

The consultancy's latest SOTAN report launched at its conference New Blood: No wrong path yesterday (4 February), now in its eighth year, found that 51% of paraplanners see their future career path developing within their current discipline. The report also highlighted an 11-percentage point decrease to 13% who see their futures in financial advice/or planning compared to 2025. However, the majority (more than 70%) of those who want to develop as paraplanners feel slightly less confident about achieving their next career path goal in the next two to three years. The Lang Cat said 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 Your profession

Succession Alliance launches first profession-wide succession survey

Succession Alliance launches first profession-wide succession survey

Open to people in all roles working in financial planning firms

Sophia Panayi
clock 29 September 2026 • 1 min read
The future of our profession will benefit from greater collaboration

The future of our profession will benefit from greater collaboration

'The profession continues to operate and evolve in an environment of profound change'

Keith Richards
clock 28 September 2026 • 4 min read
Burnham to propose social care plans at general election

Burnham to propose social care plans at general election

Aims to be preventative

Jaskeet Briah
clock 28 September 2026 • 2 min read