Using a paraplanner can be very cost effective when it comes to information gathering, letter writing, and ensuring that company standards and procedures are exceeded. There are a number of advantages in using a paraplanner, but the main ones are:

• Access to technical expertise – This is crucial when dealing with cases such as investment replacement and tax implications or pensions which contain complex features that need to be assessed including Defined Benefit transfers that need in-depth analysis.
• Time Management – Using a paraplanner to take up time consuming work will free up your time to spend with clients and building your practice.

Using an outsourced paraplanner means you have access to this resource but without having to pay the costs of recruiting, employing and managing a new member of staff. Some partners also use a mixture of employed paraplanners for day to day work and outsourced paraplanners for more technical cases.