Access Financial Services (Access FS) has unveiled a new paraplanning service aimed at supporting its advisers in delivering better outcomes for clients.
The service, which will help advisers with research, analysis, and crafting financial offers, is designed to alleviate administrative burdens and allow advisers to focus on providing premium financial guidance.
Karl Wilkinson (pictured), CEO of Access FS, said the service was developed in response to advisers’ feedback about challenges that prevent them from expanding their businesses. “Senior advisers were often overwhelmed and needed extra support, while less experienced advisers required guidance to navigate the industry. Our new paraplanning service not only addresses these issues but also provides specialised support for complex cases, which can sometimes be daunting for advisers,” said Wilkinson.
By delegating detailed analytical tasks to a dedicated team of highly trained professionals, advisers can provide more effective advice and dedicate their time to supporting clients in achieving their financial goals.
The service is an expansion of the administrative services introduced by Access FS in October 2022, which has already proven successful in saving advisers up to 70% of their time and boosting their business volumes.
Mike Tebbutt, a mortgage adviser at Access FS, praised the new service: “Since participating in the trial phase of the paraplanning service, I’ve noticed a significant increase in my business’s efficiency and productivity. Now, I can offer clients more comprehensive and tailored mortgage advice, resulting in improved conversion rates and customer satisfaction.”
Following a year of strong growth, the firm, founded just six years ago, announced plans to recruit and train an additional 100 entrepreneurs in 2023. This follows a milestone earlier this year when the company reached 200 advisers.
