Can anybody tell me who is a Para Planner?

Question

This is related to financial planning proferssion . I want to know exactly the work Profile . Remuneration . Qualifications required

Answer 1

Paraplanners are basically the financial planner's equivalent to the paralegal or the back office accountant. They provide analysis and casework in order to free the advisor to do what he's best at; advising the client and recommending solutions.

For the most part, the financial planner is well qualified, but his time is better spent on client interaction. In the case of highly sophisticated scenarios, the primary advisor may be less qualified, or it just may not be practical for him to perform case analysis. A typical paraplanner may be a certified financial planner, financial analyst, or CPA who has greater expertise in various areas.

While I am partner at my firm, paraplanning would actually describe my primary function. I am an owner of the business, but most are likely to be either employees or contractors. A contractor would likely be much better compensated, but is not likely to be offered benefits or income security.

As far as qualifications, many colleges and organizations now offer financial planning programs or CFP curriculum. A degree is not necessarily required, but of course would increase your marketability.

Answer 2

nope