Seven Investment Management has today (28 September) announced plans to expand its support and training programme for paraplanners in the last quarter of 2016 and into 2017 through the Paraplanner Pop Up Series.
The firm organises a number of events and is a key partner of The Paraplanners team Powwow events.
It made the announcement as it hosted its first of three planned sessions for the final quarter of 2016.
Sessions will typically involve a full day programme including an update on the investment markets, research from 7IM on important factors affecting retirement planning and an introduction into the risks that impact a financial planners’ clients beyond investment risk.
The first session is being hosted at 7IM’s and the London Metal Exchange offices today and sees 20 paraplanners join from 15 firms across the country.
On 27 October, the second session is being held in Manchester and the firm expects 60 participants to attend, double the number originally projected due to demand from the sector.
This second session is the first that 7IM will host outside London and is being run in conjunction with Axa and Liberty Sipp.
On 15 November the final event will be held in London and participation will be limited to 30 paraplanners.
Justin Urquhart Stewart, head of corporate development and co-founder of 7IM, said: “Paraplanners provide a vital role in advisory firms, but because of their limited interaction with end clients, many even within the industry are not aware of the important role they play.
"Our programme is not just aimed at improving the technical skills and wider industry knowledge of the paraplanners we support. It also helps them improve their understanding of the needs of actual investors.”
Richard Allum, founder and managing director of The Paraplanners team with whom 7IM partners for the Powwow events,said:“Paraplanning and paraplanners have never had such a high profile and demand for high quality practitioners is outstripping supply.
"At the same time, paraplanners themselves have a strong desire to improve standards because they want to and not because they have to.”
