Paraplanning

What is Paraplanning?

Paraplanning is the job of a Paraplanner. A Paraplanner is an individual who allows Financial Planners and Advisers to do more of what they are good at – speaking to customers and developing relationships.

What exactly does a paraplanner do?

This is a very difficult question to answer as all Financial Planners and Advisers require different things from their Paraplanners; however there are some core financial planning skills that all Paraplanners should always be able to perform. These are:

  • Excellent report writing skills
  • Ability to analyse statistics
  • Ability to conduct research for appropriate providers and investments
  • Good understanding of compliance issues
  • Good time management skills
  • Excellent interpersonal and IT skills

What is outsourcing?

Outsourced Paraplanning is a way of obtaining Paraplanning and Administrative support without the expense or commitment of a full time member of staff. The great thing is that you can vary the level of support you receive, depending on how busy you are, without the hassles of managing another employee and without needing to pay for NI, holiday cover and pension contributions.

How can IFA Choice help?

IFA Choice provides a comprehensive range of Paraplanning solutions, allowing you to spend more time with your clients and less time completing paperwork.

Our Paraplanning service is provided on a ‘pay-as-you-go’ basis which means that you only pay for work completed. The Paraplanning service is completely flexible which enables you to pick and choose the level of service on a case-by-case basis.

We have a team of qualified Paraplanners which means that there is always someone available on the phone to discuss your requirements. From our offices based in Exeter in the South West we provide our Paraplanning service to businesses nationwide on a remote basis ranging from sole traders to practices. Our turnaround time for providing a fully completed Report/Suitability Letter is 5 working days assuming that we have received all relevant information.