Welcome to the October 2018 issue of Professional Paraplanner
For this issue’s Paraplanner Profile, editor Rob Kingsbury spoke to Blake Ellis of Simpson Financial Services about why he feels cash flow modelling is core to all clients’ plans and the benefits of being the sole paraplanner in a small firm
Do you think the professional bodies could be doing more for paraplanners?
Caroline Stuart, newly elected member of the Personal Finance Society board, tells why she stood for election and what she wants the PFS to do for paraplanners, while Dan Atkinson, member of the CISI Paraplanner Interest Group, looks how the professional bodies are tuning into what paraplanners want
Also, in this packed edition:
Why paraplanners have a golden opportunity to carve out their own career paths
Michelle Hoskin delves into what the paraplanning offers the profession
Discussions and tips from this year’s national Paraplanner Powwow
PLUS, we have articles on
• Client segmentation in preparation for PROD
• The Age 75 conundrums
• Why it’s not Brexit that is keeping Aberdeen Standard Investments’ Andrew Milligan awake at night
• Busting the myths and misconceptions around multi-asset investing
• Central Retirement Propositions – generating retirement income for clients
• And, as we enter VCT fund raising season, a look at benefits and risks of these structures
In your September issue of Professional Paraplanner
Editor Rob Kingsbury spoke to the paraplanning team at Chadney Bulgin, about how they operate both a dedicated and a pooled unit within the business
Jenny Madhoo, paraplanner at A2+B Wealth, suggests points paraplanners should consider when moving to a new company
Becoming a paraplanner
Damian Corley tells how becoming a paraplanner is the biggest risk he has taken professionally
Technical: Carry Forward
Fiona Tait, technical director, Intelligent Pensions, looks at three different factors to consider when using carry forward for a client’s pension payments
Training Development and Qualifications
Alongside our Test Your Knowledge exam refresher, Catriona Standingford of Brand Financial Training looks at the Securities Advice and Dealing exam and what it offers paraplanners
Technical: Planning for school fees
Canada Life’s Kim Jarvis presents a case study on how to use onshore bonds to pay the next generation’s school fees
July / August Issue
In your bumper edition of Professional Paraplanner this month we have two specials for you:
The Professional Paraplanner Awards 2018 – We celebrate our second year of awards, recently held at the Grange St. Paul Hotel, London
AND a Tax Special. In this 8-page section, we look at inheritance tax – the way paraplanners approach IHT, due diligence on BPR providers, and a case study which shows how you can cascade wealth down the generations using an international investment bond.
Also in this issue:
Paraplanner team profile – Cooper Parry Wealth’s David Carroll tells editor Rob Kingsbury how the team is always looking to push themselves further as individuals and as a team
Test your Knowledge: A Q&A to help you prepare for this year’s exams
EQ Investors’ Dan Atkinson looks at matching an investment strategy to the client’s wider ethical views
TDQ: The RO2 exam and how to work out the yield on a bond
A look at corporate bonds and where they go from here given this their negative total return YTD.
And the CISI’s Jacqueline Lockie looks at children returning to the parental home to live and why this is a serious concern and causing new scenarios that need to be addressed in financial planning, including cashflow assumptions.
For this issue’s Paraplanner Profile editor Rob Kingsbury talked to Sarika Dhanjal, Paraplanning Team Manager at Tenet, about her role, how the team operates and the business’ new outsourced service.
See the accompanying video too, where Sarika discusses how her role differs from the norm, in that although she is running a paraplanning team, she is not a paraplanner herself. She talks about what her day-to-day role entails and where it fits within the Tenet business.
ALSO in this month’s issue:
TDQ: Our training development and qualifications article focusses on Pensions.
Catriona Standingford looks at the pensions transfers papers, specifically AF7.
Death benefits: Two case studies emphasising the need at review to check the client’s death benefit nominations are still appropriate
Stand up, make a difference: More people are questioning their investment choices relative to their own values. But what does that mean for financial planning?
Dynamic dashboards: Continuing our series of articles on back-office and CRM software, Sara Row, senior solutions consultant IRESS looks at using dashboards more effectively, to improve your efficiencies and workflow
India: An investment destination that, of late, has been lacklustre. When this BRIC country underperforms, how should investors react?
Government bonds: While Government bonds may provide a degree of insurance, at what cost is that?
Lifecycle of a VCT: A look at the three stages of the VCT and when it’s best to buy in.
Comment: There are inevitable differences in the actual roles and responsibilities undertaken by paraplanners, which paraplanners need to tackle if we are to push the profession forward, says the CISI’s Jacqueline Lockie
Welcome to the May 2018 issue of Professional Paraplanner
In a few days we head out for the first of 11 Technical Insight Seminars around the country, starting in Woodbury Park, Exeter. I’m looking forward to meeting faces familiar and new at our events. If you would like to come to Woodbury there are a couple of places left so get in contact with our events team at firstname.lastname@example.org.
You can find out more about the events on pages 14-15 of our May issue.
ALSO in this issue of the magazine:
Rebecca Lucas talks to Rob Kingsbury about setting up outsourced firm Lime Paraplanning, and the challenges she has faced over the past five years
The benefits and drawbacks of using Business Relief in inheritance tax planning
Tax and VCTs
Five top tips to consider when choosing a VCT
Cathi Harrison, managing director of Para-Sols set up her new company Apricity to change the way compliance support is delivered for advisers and paraplanners, she tells Rob Kingsbury
Five Minutes with…
For this issue’s Q&A we talked to Martin Tilley, director of Technical Services for Dentons Pensions
In a first in a series of articles into back-office and CRM software, Sara Row, senior solutions consultant, IRESS, explores some of the capability of XPLAN
AND for those of you taking exams over the summer
Training, Development and Qualifications
Test your knowledge in preparation for this summer’s CII exams.
Our Paraplanner profile this issue is Grahame Hopper, chartered financial planner at VWM Wealth, who tells how taking time out to travel helped him to realise the job he wanted and scoop the PFS Paraplanner of the Year award.
For our Technical, Development and Qualifications article we look at why RO3 is considered a difficult exam and how to study for it.
You can test your knowledge in preparation for upcoming exams using our regular quiz.
5 minutes with…Rory Percival
Attendees at our Technical Insight Seminars this year will hear from a range of speakers. Rory Percival is one of them. We asked him about his views on paraplanners, professionalism, file review and suitability.
We have two articles for you this issue, the first is an 8-point guide for when investing in property via a SIPP, while the second looks at how parents can help their children buy a property by using their SIPP and without incurring a large tax bill.
If you’re interested in AI and developments around it then you’ll want to read the article written by Richard Lightbound of ROBO Global, who delves into robotics, automation, and artificial intelligence as one of today’s most compelling investment opportunities.
You’ll find all this and more inside
Our Spring editions get under way with a Paraplanner Profile on Team Building.
In this issue’s Paraplanner Profile, Jonny Stubbs, head of Technical Support at LIFT-Financial, explains how he was brought in by the firm to build its paraplanning team, and talks about his role and his vision for the team
TDQ: Your route to Chartered
Catriona Standingford uses a case study to illustrate a potential route through, what can be, a complicated landscape
Paraplanners tell how they manage relationships with multiple advisers
Dan Atkinson looks at how we define clients’ relationship with money and just where it sits in their financial plans
Should structured products be considered mainstream investments? Ian Lowes thinks they have proved their worth
High yield bonds
We asked a perhaps not-so-simple question: What’s the outlook for bonds?
The Walking Dead
We’ve entered a new world where it’s will all about assessing risk and more focused investment strategies, says Rathbone’s David Coombs
TDQ: Test your Knowledge
We continue our training development and qualifications series with another 10 questions as part of your exam prep.
Our first issue of 2018 provides a wide range of topics for you.
We have an extended Paraplanner Profile this issue. Elsa Ordonez Garcia, paraplanner with Mazars, tells Rob Kingsbury why she believes paraplanners have the power and ability to shape and develop the paraplanning profession.
AND, Rob also attended a meeting of the Mazars paraplanning team, to learn how they work together.
NEW SERIES: Test your knowledge
From this issue we are pleased to start a new series TDQ (training, development and qualifications) in which we team up with key support providers, to provide you with the very best in training, development and qualification support.
Stepping stone to advice?
Have you ever considered becoming an adviser? Jamie Doughty, paraplanning team leader, Sanlam, says making that progression isn’t always as easy as it seems.
Paraplanners discuss their involvement in client meetings and what impact it has on the way they work.
Five minutes with… Brooks Macdonald’s director of Business Development, Andrew Denham-Davis answers our questions.
• The risks and challenges of income drawdown
• Ensuring SIPP commercial property has the right protection
• Why asset managers need to stop building complex solutions to solve basic problems
• Is China heading for a hard landing or should investors be more optimistic?
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