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Aqua on the look out for advisers, paraplanners

Dominic Basilea, director of Aqua Wealth Management in St Albans, said it was necessary to hire backroom staff in particular to help him and the firm’s other partner, Christopher Pearce, cope with a growing workload.

Mr Basilea said: “We are a new company, having just started this year, and we are now in a position to recruit new independent financial advisers.

“But we are also looking at new paraplanners and administrators because a growing business needs help with reporting and researching. It allows us as partners to really concentrate on giving advice, rather than take on every administrative duty.”

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The firm has a wide-ranging focus, offering advice on life insurance, protection, retirement planning, investments, mortgages and estate planning. It also offers advice for corporate clients on business protection and pensions.

Owen Williams, of Warwick Financial Solutions in Warwickshire, is also scouting a paraplanner, possibly at graduate or trainee level.

He indicated the role would be suitable for those hoping to attain adviser status within the next three years.

Background box

Paraplanners are increasingly gaining a voice as RDR makes them a necessary cog in firms’ machines. The industry’s first paraplanners conference held in Northamptonshire, called the PowWow, has inspired paraplanners to set up similar regional events, with a Northern PowWow due to take place soon.

Damian Davies, director of Herefordshire-based The Timebank, a paraplanning outsourcing firm, said it would be the “next step” to create a national association of paraplanners, given how much the profession is “maturing”.