The Paraplanner Standard™ 2019 – review by Michelle Hoskin
11 December 2019
Michelle Hoskin reviews the first year in which candidates have gone through The Paraplanner Standard™ and some of the issues it has thrown up for the profession
We are now well into the process of assessing paraplanners against The Paraplanner Standard™ and it has been interesting to see the results. I think to describe it as a ‘mixed bag’ would be an understatement.
It is interesting to see that despite the candidate’s assumption and hope that they would easily meet the requirements of the standard, given the fact that they were ‘doing the job’, the evidence suggests otherwise.
We know that the sector is still confused as to what a paraplanner is and actually does, and our assessment process is proving that this is still very much the case.
The challenge is that if you ask paraplanners what they are, they think they know. However, when we ask the financial advisers and financial planners what paraplanners do (which we have done), they really have no idea.
What are we seeing?
So, what can we all do about this?
As our assessment work continues, we will no doubt uncover more magic in this wonderful sector of keen, enthusiastic and quite frankly an awesome group of people. The next generation of our sector is in good hands but only if we get this right!
The New Standard of Professional Excellence™
Origo is to launch Unipass Letter of Authority (ULoA) at the end of November, a service aimed at simplifying...
Professional Paraplanner’s publisher, Research in Finance (RiF), is a leading research company in the financial services sector. On occasion our readers...
While the aggregated costs and legacy trail commission regime remains far from perfect, some clarity can be gleaned, says...