This only allows the adviser to truly service their clients but also this provides the client with the peace of mind that, whether it's a financial plan, recommendation or both, the advice presented to them has been made on the basis of a full understanding of their needs, objectives and current circumstances.
FTA: What tips could you give a young woman starting out in paraplanning? What sort of skills will they need to have?
KL: Often you will draft advice and be informed of a change in a client's circumstance or find out new information, that completely alters the advice you have wrote. Therefore, as you need to be able to take things like this in your stride and amend accordingly.
Likewise, we have to come up with solutions, recommendations or roadmaps for clients - but it's not always as simple as getting from A to B, so the ability to problem solve is another important skill.
If I could pass anything onto a new paraplanner, it would be to uphold high financial planning practices and never compromise on integrity or ethical standards.
With more women joining the financial services sector than ever before, there's never been a more exciting time to join.
