Annual Reviews
Firms providing investment advice must provide a periodic assessment at least annually and confirm the continued suitability in writing. The periodic assessment must contain an updated statement of how the existing investments meet the objectives, risk and personal circumstances of the client.
We can help with assessing your client’s investments to ensure they remain suitable for them and can include financial forecasts, a portfolio review and a review of unused allowances.
Accurate
We do not use suitability report writing software tools to write our reports as we believe these should be bespoke to each client and their circumstances. This also ensures accuracy to detail as each report will be written with the client’s specific objectives and circumstances in mind. We also ensure that lines of communication are always two-way between our Paraplanners and the Financial Planners/Advisers. This could mean picking up the phone and having a conversation to run through the advice, an email communication or a meeting held remotely via Zoom, Teams or whatever suits you. We will tend to use your templates but if you require us to set one up for you we could also offer this.
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Reliable
We will ensure the Paraplanner working on your case will work with you on a one-to-one basis and available during office hours, on some occasions this could be out of hours depending on workloads at that time.
This could mean sitting in on client meetings virtually, dependant upon timings, to a quick briefing session once the client meeting is completed. This will allow Financial Planner to run through the client discussions whilst they are still fresh in your mind!
Efficient
The main objective of your firm using i-Paraplan is to free up the Financial Planner’s time. We do this by undertaking the time-consuming research, analysis and suitability report writing so you don’t have to. We aim to complete our reports within five working days from the moment we receive all required information, this could be 10 working days during busy periods. However, once we receive a case we will review this and advise you on the turn-around times.
Low Cost
By outsourcing your Paraplanning, you can have access to a wide source of experience and knowledge and not have to pay a full-time Paraplanner salary. You will only pay for the service when you use it, on a pay-as-you-go basis. We also don’t believe in taking retainers from you. In addition, we tend to keep our costs as competitive as possible and will try to use your systems where this is allowable.