AN INTRO TO PARAPLANNING

AN INTRO TO PARAPLANNING

You may be wondering what a paraplanner is or you may be thinking about developing your career as a paraplanner. There’s no better time to become a paraplanner. In recent years, the role of the paraplanner has evolved and today, skilled paraplanners are an indispensable part of the financial advice team.

What is paraplanning?

Although the role of a paraplanner can look different from firm to firm, in a nutshell, it is someone who creates, prepares, implements and/or reviews a client’s financial plan and advice. According to the Chartered Institute for Securities and Investment, the role of the paraplanner can be broken down into four key parts:

Step 1. Preparing & maintaining the client file:

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Confirming risk profiles and clients objectives, identifying information, compiling a cashflow analysis.


Step 2. organising recommendations:

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Identifying areas for planning, carrying out research to find solutions, considering asset allocations and investment strategies, preparing recommendation reports.


Step 3. Implementing recommendations:

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Preparing suitability letters, ensuring all compliance paperwork is in order, implementing plans.


Step 4. Reviewing client files, portfolios, products and processes:

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Attending and organising meetings, reviewing portfolios, initiating review meetings.



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Far from being just a glorified administration role, paraplanner jobs today are challenging, exciting, and offer a great deal of variety. In that sense, a day in the life of a paraplanner can be incredibly varied.

The paraplanner club logo

Sian Davies Cole, Chartered Paraplanner

Sian is the co-founder of The Paraplanner Club, a free mentoring scheme that provides individuals working within the paraplanning community access to a mentor to offer support and guidance in helping them achieve their objectives.

"The paraplanning club provides that support for people that want to be awesome paraplanners"
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Listen to Sian on the Financial Planner Life Podcast here

Lisa Tipton, Director of Financial Planning New World Financial Group

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Lisa featured on the Financial Planner Life Podcast and shared with us her career path from paraplanning, to compliance, to now running her own firm. She talks about all the different roles of a paraplanner, from a trainee to a senior paraplanner, and explores all the different roles within the profession. Listen here.

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Michelle Wilson-Stimson ??CEO at eParaplan Connect ?? Podcast Co-Host

?? CEO & Founder of eParaplan Connect; Providing Proactive Client Servicing ?? Co-Founder & Co-Host of Mother in the C-Suite Podcast; Celebrating & Connecting High Performance Mums ?? ?? BOMS Leadership Ambassador

3 å¹´

This is fab :) Great work

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Liza Stevens

Regional Manager, Bristol & South Wales

3 å¹´

This is great material! Also helps firms make decisions about the support necessary for financial advisers, enabling them more time to see more clients and give more advice. Thank you for sharing.

Sasha Wakefield FPFS MCSI

Award Winning Paraplanner | Founder @ The Paraplan Project | PA Paraplanner of the Year 2022 | MM Paraplanning Service of the Year 2024 | Human & Sausage Dog Parent

3 å¹´

More amazing exposure for paraplanning, go ladies! ????????

Sam Oakes

Sharing Financial Planner Life with 100,000 + Listeners ????? & Head Of Creative at Hoxton Wealth ??

3 å¹´
Alex Merrick DipPFS

Recruiting within Financial Services IFA's/Planners to Executive level positions inc. RD's, MD's, COO's across the South West and South Coast from Cornwall to Brighton.

3 å¹´

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