Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.
Paraplanners and discretionary fund managers will be the primary beneficiaries of increased outsourcing among advisers, research suggests.
Support services provider threesixty has bought a 25% stake in outsourced paraplanner service The Timebank.
The Institute of Financial Planning (IFP) has appointed its first paraplanner to the board of directors, in a move that it hopes will position it as the first trade body to represent the profession.
The Financial Services Authority (FSA) is urging firms to make sure they have the appropriate controls in place to ensure advisers moving to relationship management or paraplanner roles do not step outside of their regulatory boundaries.
The Personal Finance Society (PFS) has added a new category to its Chartered Awards 2012 - Paraplanner of the Year.