Male paraplanners twice as likely to want to be an adviser than females: Quilter

‘Time to break the vicious cycle’

clock • 2 min read

Three-quarters (77%) of female paraplanners do not want to become financial advisers compared to 38% of male paraplanners, according to research from Quilter Financial Planning.

The research showed that 6% of female paraplanners said they would like to go on to become a financial adviser while 17% said they might. Conversely, 41% of male paraplanners said they would like to become a financial adviser with 21% saying they might. "Paraplanning has previously been viewed as a gateway to becoming a financial adviser but this research shows that it is becoming a profession within its own right," Mark Pittaccio, business consultant and behavioural economist at Quilter Financial Planning, said. "However, while this is positive it is odd that there continues to be such ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Rosemount Financial Solutions adds new advisers

Rosemount Financial Solutions adds new advisers

2024 revenue up by 25%

Jaskeet Briah
clock 21 February 2025 • 1 min read
PDG announces 2025 sponsors

PDG announces 2025 sponsors

Reframe Cancer and Space on board

Cameron Roberts
clock 18 February 2025 • 1 min read
Advisers say documenting advice conversations takes "significant" time

Advisers say documenting advice conversations takes "significant" time

Findings from The Exeter

Jaskeet Briah
clock 14 February 2025 • 1 min read