A Paraplanner is a popular role within Financial Services. Paraplanners assist Financial Advisors in Financial planning. They play a big role in making sure clients get excellent advice through their research. Paraplanners will often perform tasks such as analysing different financial data, prepping reports, product research, preparing clients’ files and much more. Some people become …
A career as a Paraplanner can be a rewarding one, with a multitude of benefits that sell it as a good opportunity. Commonly, Paraplanners will progress into Financial Advice, but nowadays more and more people are deciding to continue as a Paraplanner with no plans to develop into advisory. There is variety in a Paraplanners …
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What is the Advanced Diploma in Financial Planning? “The RQF Level 6 Advanced Diploma in Financial Planning builds on existing knowledge enabling advisers to develop specialist planning capabilities and offer a sophisticated and comprehensive approach to financial management. Members with over five years’ sector experience can apply for Chartered Financial Planner status on completion of …
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What is Adv DipFA? Adv DipFA is a level 6 qualification provided by the London Institute of Banking & Finance and is registered with Ofqual in the Regulated Qualifications Framework (RQF) and recognised by the Financial Conduct Authority (FCA). It succeeds the DipFA qualification which is the qualification that is required to provide professional advice …
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Benefits of Chartered status Higher income potential – Chartered individuals can often demand a higher salary than that of a regular Financial Advisor or Paraplanner for example, Glassdoor reported that the median salary for a Financial Planner is around £54,000 whereas a Chartered Financial Planner makes around £14,500 per annum more at close to £69,000! …
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What is DipPFS? DipPFS comprises unit options from the CII Personal Finance qualifications framework, providing a total of 100 credits (Diploma in Regulated Financial Planning) or 140 credits (Diploma in Financial Planning) on successful completion and there are 37 units to choose from. Important note – AF2 and J03 will be withdrawn after the 2020-2021 syllabus, …
The Financial Services market was left largely unscathed by the Coronavirus pandemic and subsequent lockdown measures. A plethora of opportunities rose from certain measures introduced such as the stamp duty holiday and roaring house prices. Recently, Finance Digest stated, in regard to the future of Paraplanning; “Firms are fast realising the importance of attracting, incentivising …
Many roles in the Financial Services market require you to be “Diploma Qualified” and you may be confused at the vagueness of this statement. Hopefully, in this blog, we will be able to break down for you the differences in the two main diplomas for financial planning. What are the two main diplomas for financial …
Tips for getting CAS Some advice we would give is: Know the company’s processes – As mentioned these can differ in small ways from company to company so it is really important that you know the finer details when looking to obtain CAS. Ask for any materials that could help or a list of standards …
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The Diploma for Financial Advisors (DipFA) is a Level 4 FCA-approved qualification that is required to provide professional advice on retail investment(s). DipFA is one of the main qualifications needed to start a career as a Financial Advisor and studying for it can be daunting if you don’t know how to approach it. In this …
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