Why Do advisers need paraplanners?

As financial advisers often have past experience of being in a paraplanner role, advisers can be technically able to complete Statement of Advice documents and utilise financial modelling software.
The main benefit of using an outsourced paraplanner is that advisers can focus on seeing more clients leading to more sales. From our experience, advisers can find it difficult to block out 6-8 hours of time to complete a Statement of Advice without distractions. By operating off-site, the distractions are very limited for contractors and assist in faster turnaround times and minimal changes to the finished Statement of Advice.