Welcome to another issue of Professional Paraplanner packed with great content.
For this issue’s Paraplanner Profile Rob Kingsbury talks to Para-Sols MD Cathi Harrison about how she is building the outsourced paraplanning business and why she is setting up new compliance company Apricity.
See the accompanying video on our website in which Cathi talks about whether she would recommend other paraplanners set up their own businesses
Also in this issue:
You tell us where you think the pinch points are in the DB Transfers process
Rob Kingsbury reports on this year’s national Powwow, which covered area such as suitability report writing and tips for best practice in the working day
EQ Investor’s Dan Atkinson examines the question of how we assess the success of a portfolio when measured against non-percentage return goals
How clients can best invest in terms of investment selection and tax wrappers for healthy finances in retirement
How does an investment committee work?
The structure and role of the investment committee and insight into how Architas’ own committee operates
IN THIS ISSUE:
Caroline Stuart tells Rob Kingsbury what her role as head of Technical Solutions at DB Wood entails, how she thinks paraplanning will progress as a profession, and why she is the host at this year’s national Paraplanners’ Powwow
Day in the Life of…
Ever wondered how an investment analyst at an asset manager spends their day – Benoit Labeyrie, Europena equities analyst at Architas spills the beans.
Ask who your vulnerable retirement clients are and you may be surprised by the answer
DFM due diligence
A look at processes that can help paraplanners improve due diligence on their discretionary fund manager partners
Preparing for MiFID II
The implications for advisory firms of MiFID II and three ways to minimise its impact
How UK investment bonds can be used to achieve tax efficient growth
Plus we highlight some top tips on Suitability Report Writing from the recent Howwow seminar
Professional Paraplanner – THE AWARDS ISSUE
Welcome to the latest issue of Professional Paraplanner in which we celebrate our inaugural awards.
This issue we’ve changed our viewer for the magazine to html5, which does away with the need for you to download the Adobe Flash Player every time it updates. It’s a slightly different format. We like it, we hope you do too.
Lined up for you inside:
Kat Mock, winner of our Paraplanner of the Year Award 2017, tells us about her career, working in-house and outsourced, and what excites her about trust planning
The full list of all the winners and shortlisted entries for Paraplanner of the Year, Paraplanner Team of the Year, Personality of the Year and the companies that you nominated as the winners of our provider awards
Paraplanner Team of the Year
We also interview Marie Smith, paraplanning manager at Cooper Parry Wealth, on what made her team the Paraplanner Team of the Year.
ALSO in this issue:
My process for carrying out DB Pensions transfers
Long term care
The suitability of an investment bond wrapper
Property in a SSAS
When a residence is not ‘taxable property’
Suitability report writing
Welcome to the June 2017 issue of Professional Paraplanner, marking our third anniversary serving the paraplanning community.
It has been a thoroughly enjoyable and inspiring journey over the past three years. Thank you all for reading and we look forward to providing you with quality content for many more years to come.
In this issue:
Christina Georgiou, paraplanning manager at John Lamb, is not afraid to challenge the status quo, she tells PP editor Rob Kingsbury
At Professional Paraplanner’s Technical Insight Seminar, Michelle Hoskin told the audience “the future is yours”, laying out where she believes the market is heading, paraplanning’s place within it and providing an update on the Paraplanning Standard
Highlights from our recent study into paraplanning in the UK, in association with Architas.
In this extended Paraplanner Pointers, an AF examiner offers tips for candidates when prepping to take their exams
Transferring a nil rate band is a valuable option in tax planning. How can it be best applied and where does it sit alongside wills and trusts?
Jacqueline Lockie, deputy head of Financial Planning at CISI, discusses the ethics around identifying and best serving vulnerable clients
Welcome to our May 2017 issue, jam-packed with good content for you.
Please click here to read to your digital version
Here’s some of what you can see inside:
In this issue’s Paraplanner Profile Rob Kingsbury talks to Rebecca Tuck, who moved from large financial company to new launch, five-person firm, Magenta Financial Planning. We talk about the transition to the smaller firm, the challenges and the rewards of that, her role now and how she runs her day
Seven tips on suitability report writing provided by Brooks Macdonald
What goes wrong with Transfer advice? A look at the most common issues with pensions transfers and hints on how to avoid them
Running a paraplanning team
Rob Kingsbury talks to three team leaders about how their paraplanning teams are set up and the pros and cons they have found in the way they work
One paraplanner’s approach to suitability report writing and a useful annual allowance calculator
You asked: ‘Is a hybrid paraplanning/advice role a good move for a qualified paraplanner?’ We spoke to someone going through that process for his view.
The latest edition of Professional Paraplanner is now live. Click here to access your copy.
In this issue:
Hugh Johnson has ridden the wave of interest in paraplanning. He talks about his route to becoming head of paraplanning at Sanlam UK and the challenges of running a team of 17 paraplanners.
Three reasons not to invest in ethical portfolios
Dan Atkinson looks at reasons why people eschew ethical investing
Promulgation of a ‘safe’ withdrawal rate for drawdown investors is a dangerous, this writer suggests
Why it has never been more necessary to consider property within overall retirement planning
Platform due diligence
With paraplanners knee-deep in due diligence, what should they ask potential platform providers?
Using QROPS post March 2017
Following the changes to overseas pensions rules in the Spring Budget, why and where might clients still need QROPS and specialist international financial planning?
And in this issue’s Viewpoint, Sam Tonks of The Time Bank considers the plight of the generation without a golden pension and how Government might help instill a better retirement savings culture in the UK.
As always, we have some great features lined up for you in this issue:
Neil Clarke of Montfort International, says dealing with the complexities of helping clients move their finances overseas is the most satisfying job of his 25-year career in financial and insurance services.
The Innovative Finance ISA launches in April. But where do they sit on the ISA tree, and what can clients hold in them? Crowdfunding debt is one option.
PP cover star Jenny Ryan volunteered to be on the Paraplanning Standard committee. In this issue’s Viewpoint, she tells why and what she believes the Standard can do for paraplanning as a profession.
Our technical articles this issue look at
• Flexible trusts and how they are often undervalued when dealing with IHT and LTC issues
• The imminent introduction of the Residential Nil Rate Band; we profile a tax case study of just when and where it applies and the pitfalls to look out for
• The issues arising from ownership of non-standard assets in a SIPP.
Plus, the CISI’s Campbell Edgar tells how a paraplanner in his firm stopped a costly scam from robbing a client of tens of thousands of pounds
Your digital copy of Professional Paraplanner is available for you to download. Click here to access your issue.
• Paraplanner Profile: For this issue’s profile we talk to EQ Investors’ Victoria Groves. Victoria grew up in a financial planning family – her father, uncle and cousin are all financial planners, so she was bound to go into financial planning, wasn’t she?
• On the front line: Dan Willers explains why being involved in client meetings has made his job so much easier
• Viewpoint: Kelly Guttridge had one question when she went to the recent Powwow South West: Am I a paraplanner?
• Investment: Gearing used to be an issue for investment companies but things have changed, says Ian Sayers chief executive of the AIC
• Regulation: 12 key areas of MiFID II with which all adviser firms should be familiar
• Pension death benefits: A look at the options, opportunities and issues to be aware of around pensions and legacy planning
• Case study on SIPP property purchase: Borrowing limits and how to address them
• Pointers: Top tips when prepping for exams
• Parameters: Your views on online services and robo-advice
• Comment: The Paraplanner Apprenticeship
• Investment outlook 2017
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