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.