Embark Group has launched The Paraplanner Room, a dedicated resource hub offering insight, information and tools for paraplanners to better serve their businesses.
The resource was built in response to the Paraplanner Survey* conducted by Research in Finance for Embark in 2022, which revealed that the majority of paraplanners (85%) saw paraplanning as a career in its own right, with three quarters stating that their firm sees them as essential support for advisers.
Designed in a similar fashion to Embark’s Adviser Gateway, The Paraplanner Room has a range of resources specifically tailored to assist paraplanners.
The first edition covers how paraplanners will be vital to helping their firms deal with the demands of the new Consumer Duty, as well as covering the results of the survey into what paraplanners think about their role today.
The Paraplanner Room will also provide access to industry analysis, produced by professionals with decades of experience in financial services.
Embark says the resource will be continually updated to enable paraplanners to augment their knowledge, develop their careers and keep up to date with timely industry topics.
A highlighted feature of the hub is The Tool Box, providing paraplanners with useful instruments to assist in day-to-day tasks, such as the fees calculator that allows paraplanners to easily break down the fees charged on both an initial and ongoing basis on the Option SIPP offered by Embark.
The Tool Box also provides a monthly digest of the latest economic and market news, condensed into an easy-to-read format.
Ranila Ravi-Burslem, Group Intermediary Distribution Director at Embark, said: “We wanted paraplanners to be able to have access to resources helpful to serving their business needs just as financial advisers do with Embark’s Adviser Gateway. We are excited to introduce this in the form of The Paraplanner Room, for a vital and often overlooked part of our industry.
Our aim is that The Paraplanner Room will help to further support paraplanners and address some of the concerns highlighted in the Paraplanner Survey. We look forward to continue developing this resource further to provide a much needed service for the paraplanners and the wider sector.”
