Access Financial Services has announced the launch of a paraplanning service, offering advisers help in researching, analysing, and creating financial offers for their clients.
Karl Wilkinson (pictured), CEO of Access Financial Services, said: “We regularly ask our advisers to identify the main challenges hindering their ability to write more business, and then explore ways to provide support.
“We noted that at times senior advisers were overburdened and required additional assistance, while some less experience advisers needed guidance to kick-start their journey in the industry.
“To address these concerns, we have introduced a paraplanning service, which also offers specialised support for complex cases, which can prove to be challenging for some advisers.
“It will enable our advisers to deliver more effective financial advice to clients, while freeing up their time to focus on what they do best – providing expert guidance and support to help clients achieve their financial goals.”
The service comes as an enhancement to the administration services that Access FS introduced in October 2022. The service continues to free up to 70% of an adviser’s time with some trebling the amount of mortgage and protection business they write as a result.
Mike Tebbutt, a mortgage adviser at Access FS, added: “In the time since I was invited to take part in the trial phase of the new paraplanning service, my business has seen a significant increase in efficiency and productivity.
“I am now able to provide clients with more comprehensive and tailored mortgage advice, which has resulted in a higher conversion rate and increased customer satisfaction.
“The fact that I can now tackle more complex cases, knowing I have support on hand, has helped me remain competitive in the market and grow my business.”
