Are IFAs becoming too dependant on paraplanners, or not enough? Professional Adviser's features editor Joanna Faith looks at the evolving role of the paraplanner.
The number of IFAs relying on paraplanners is growing as advisers juggle mounting client demands and tough competition with the rigourous standards prescribed by the RDR. However, there is still not universal support for paraplanners across the industry. Some fear IFAs are too dependant on them. Others say they do not see the need for paraplanners at all. But arguably the most important question is what will happen to the traditional adviser role as the paraplanner’s position develops and becomes more significant? The evolution of the paraplanner The function and profile of the ...
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