There are definitely some things in life where the sum of the total is greater than the individual part. Consider an Ant without Dec? It just wouldn’t work, would it? Batman without Robin? What about a Quarter Pounder without Cheese? Perish the thought! But these are celebrated duos. As the market picks up you can hardly throw a lightly toasted, all wheat, sesame seed bun these days without hitting a new industry giant that doesn’t have at least one unsung hero, hidden in the side-lines. Take Financial Advisors. Where would they really be without your typical mild mannered, hardworking, Paraplanner?
Well, they may not get the glory, but it seems they are appreciated on some level these days, with at least 60% now earning somewhere between £25K and £45K; and this is by no means the ceiling level. Qualifications are key to advancing, as Level 4 Diploma is fast becoming the industry standard, with most working toward Chartered status.
Many remain ‘in-house’ with just a bold few going it alone, setting up their own Paraplanning business, providing IFA’s with an outsourced solution. But, if we look even closer, who are they really? It seems that the modern day Paraplanner does hanker for their moment in the spot light, with an increasing number apparently serving their time, when becoming an advisor is the real goal.