The financial advice market consists of around 19,000 SME businesses, with roughly 75% offering general financial advice and 25% offering mortgage advice. These businesses are supported by umbrella organisations, known as networks, that provide a range of support services in areas such as technology and compliance. This apprenticeship helps employees gain the skills needed to provide this support.
Who is it for?
Those who want to provide professionally qualified technical support in a financial adviser business – support for which there is increasing demand, due to recent regulatory changes. The role of the paraplanner is to help the financial adviser research, analyse and prepare compliant financial reports for clients.
What will they learn?
The sector recognises two distinct paraplanner roles. This apprenticeship is for the first of these, and those who complete it will be competent as a fully qualified paraplanner. They will also have the potential to develop further into the role of senior paraplanner, which requires a broader level of industry experience and further qualifications, or into other technical, compliance or managerial roles within the sector.
During the course (‘on-programme’) and at the end (‘end-point assessment’). Studying towards this qualification also involves off-the-job training and maintaining a training file in line with the employer’s performance management process.
- Senior Paraplanner
You can find out more here