Finding the Right Formula
As we move closer to 2012 and with IFAs considering the prospect of a purely fee based model, the question of how to offer a cost effective yet commercially viable service renders the need for high quality support staff even greater. With a requirement to offer increasingly high service levels on an ongoing basis, organisations must decide whether to reduce the number of clients they work with or to increase staff numbers to satisfy a greater need.The responsibilities of many <a rel="nofollow" onclick="javascript:pageTracker._trackPageview("/outgoing/article_exit_link");" href="http://www.exchange-street.co.uk" title="Click here to visit the Exchange Street website for Paraplanner Jobs">paraplanner jobs</a> include a comprehensive post fact find service to include extensive analysis and product research allowing the paraplanner to make accurate recommendations to advisers before completing reports and suitability letters. With around 61% of paraplanning jobs filled by individuals who have achieved or are working towards DipPFS, IFAs will usually agree with these recommendations leaving them the confidence to focus on client development. Furthermore, in most fee based models the charge rate for employees in IFA jobs will often be higher than those in paraplanning jobs thereby making well supported consultants a more cost effective proposition for clients.
With the prospect of RDR having more and more influence on financial services recruitment practice, not only have we seen a growing requirement for Diploma qualification in IFA jobs and Financial Adviser jobs but more recently we are also receiving greater numbers of paraplanning jobs with this stipulation.