Recruiters and rival firms are tapping up Paraplanners on a frequent basis, due to the lack of required Paraplanning professionals, Financial Planning Today magazine has been told.

Paraplanners have told FPT that they, friends and colleagues are frequently being head hunted.

Paraplanners were speaking to the magazine for issue 4 which is out now and can be read in full HERE.

Andy Marshall, of Octagon Consultancy, said: “There is an obvious lack of Paraplanners in the market place. Demand very much outstrips supply. Everyone is being approached by other firms or recruiters all the time. I even know of someone who got a new job through someone they met at their gym. Given that the number of Paraplanners attending Paraplanner events has increased over the last few years but yet there is still a shortage of the right people, I would suggest that demand is rising at least as quickly as supply.”

Lewys Richards DipPFS from Prism IFA said: “I would definitely say that demand has risen (in the last two years). I am regularly being contacted by recruiters through LinkedIn regarding Paraplanning opportunities. To overcome the competition, firms will have to be prepared to pay more for a good quality Paraplanner.”

For the full article click HERE.

Kimberley George FPFS TEP launched Integrated Paraplanning Solutions last June with aspirations to deliver a valued and trusted Paraplanning service that can complement an existing in-house Paraplanning team.

She stressed the advantages of an outsourced Paraplanning service and told FP Today that good Paraplanners are an expensive resource, both in time and salary, particularly to a small IFA practice.

Outsourcing up to around £4,000 of work per month can “work out more cost effective than paying for a new team member”, she said.

Read more from Ms George HERE.

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The new publication features exclusive content including contributions from leading figures in the worlds of Financial Planning and Paraplanning plus features and insights produced by experienced financial journalists in London.

Financial Planning Today's latest issue highlights include:

• A Special Report on the trouble Financial Planning firms have been having finding Paraplanners 

• An exclusive feature on Risk Profiling Tools, with expert insight from ex-FCA tecnhical specialist Rory Percival

• Columns from high profile planner Julie Lord, PFS chief executive Keith Richards, CISI head of Financial Planning Campbell Edgar and Paraplanner John Redmond 

• Analysis of the 2017 investment prospects post the shock Trump US Presidential victory 

• New Investment and DFM section with 180+ DFM providers listed plus DFM updates

• Plus, The Client Hunter, Planner Casebook, Inside My Business with LEBC chief Jack McVitie, Financial Planning and Paraplanning news and much more 

Feedback on the new magazine has been excellent with well 3,000 people reading the first three issues and the number rising steadily. 

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