Many know the benefits of delegating the ‘paraplanning’ function to an outsourced paraplanner and these have been well documented.
At the Paraplanning Hub we understand that ultimately it is you, the financial planner, who is still personally responsible for evidencing suitability. We therefore take our responsibilities as your paraplanning partner very seriously.
The Paraplanning Hub was built from the ground up with the clear understanding that paraplanning is not just about writing reports. It is about providing a total support service that ensures your whole financial planning offering evidences suitability.
Yes, on one level paraplanning is simply about undertaking the desk-based research and report writing functions that are part and parcel of a financial planner’s role. The required elements that need to be in place to evidence you have delivered suitable financial planning advice. However, we also know this paraplanning need to be tailored to your business plan, your target client market and your specific offering.
This is where the Paraplanning Hub comes in, we partner with our financial planner clients. We focus on ensuring their systems and procedures evidence the high-quality face to face financial planning services we know you offer your clients already. We follow a methodical and straight forward paraplanning process every time. Thereby ensuring every element of the required suitability evidence is considered and added to your files.
For those who like to know all the details we have provided a detailed overview of the outsourced paraplanning elements we can deliver to help you ensure your financial planning files and central proposition documents are deemed suitable here.
Covering all paraplanning services we provide and more:
Evidencing Suitability of Advice (Advice Letter construction and product research)
Evidencing Continued Suitability (Annual Planning Reviews)
Putting in place robust research procedures to comply with PROD, MiFID II and beyond (Central Investment and Retirement propositions, platform and product panel selection reports etc.)
Financial Planning – financial forecasting etc.
Virtual Paraplanning – Your dedicated paraplanner attending client meetings via Zoom.