Holly Johnson, training lead at The Art of Finance, flags up some of the common pitfalls when paraplanning and provides some practical tips to avoid them.

Para- (prefix): A prefix with many meanings, including: alongside of, beside. 

Para-planner = alongside of planner

Have you ever been in a social situation and been asked what you do? Have you felt the dread of trying to explain what a paraplanner is and simply replied with “I work in finance… what do you do?” You are not alone!

The paraplanning role is mainly unknown in the wider world, but within the industry it has evolved into an integral part of the advice process. These days, paraplanning is a respected profession, with some people wanting to start their careers in paraplanning to eventually move into an advice role, but more and more people are seeing paraplanning as a long-term career.

As the role is now so vital in the provision of good advice, we have set out some of the common pitfalls we’ve seen paraplanners experience during the course of their careers.

Read more in our Professional Paraplanner article here.