Our wonderful admin team – Lisa, Faye and Catherine – provide invaluable support for all our staff as well as clients, including the often unknown role of Paraplanners.
Paraplanners fulfil a vital support function for busy financial advisers. Experts in their own field, they work alongside us to complete much of the essential back office work. Their expert support allows us to spend more time in a client-facing role, so you get the best possible service. Over recent years, they have come to represent an increasingly important component of our firm’s infrastructure.
Paraplanners have a wide-ranging and varied role, although their individual remit will vary depending on the needs of the business. Their job might include compiling and maintaining client information, undertaking research and analysis, preparing and implementing recommendations and undertaking regular client reviews. Paraplanners do not provide advice; instead, using research collected by the adviser, they carry out analysis to put together the most appropriate solutions and strategies to suit your personal circumstances.
They possess considerable technical ability and analytical skills. Training and ongoing development are paramount as they have to stay abreast of developments within the industry, from regulation and compliance issues to new products and offerings.
Paraplanning is now recognised as a long-term career within the financial services industry, requiring qualifications similar to that of a financial adviser.
Within Platinum our team fulfil an invaluable role in supporting and promoting the long-term relationship between our clients and the advisers. Their expertise, developed over the years, continues to prove beneficial for both our clients and the company as a whole.