Outsourced paraplanner firm PlanWorks has expanded its capability, with the addition of CISI Paraplanner of the Year 2021 Sarah Lees bringing the team to five.
Headed by managing director Nathan Fryer and Chartered Paraplanner and fellow Director Sian Davies Cole, the team has been growing over the past two years, and now offers over 35 years of financial planning experience.
“We have seen the demand for quality outsourced paraplanning grow over the last few years and we have worked hard to not only meet that demand but expand our team to enable us to support more financial planning firms,” said Nathan.
Sian added: “Finding an experienced qualified and amazing paraplanner is really tough, both for the firms that talk to us for potential support and when trying to find someone to join a team, and we are over the moon that Sarah has decided to join us.
“Our clients turn to us for real collaboration and support with particularly complex financial planning scenarios and adding Sarah’s extensive experience to the team is very exciting!”
Commenting further on the outsourced market, Sian said: “I think that outsourced paraplanning is growing in demand for a few reasons but mostly because of the flexibility that outsourced firms can offer their team.
“Many more experienced paraplanners want the freedom so often more freely given to the financial planners within a financial planning firm but there is some reluctance to do this for paraplanners. For many of us, we need flexibility to manage our work life balance – it’s not just a nice to have.
“However, the struggle to find experienced and quality paraplanners is probably the main reason for the increase in advice firms moving to outsourced paraplanning and I don’t think that is going to change anytime soon.”
