Remote work in financial services, particularly as a paraplanner is highly sought after. However, the reality of the job market is that these opportunities are rare. Our latest market analysis shows that only 3.1% of paraplanner roles are offered remotely. As a result, competition for these positions is incredibly fierce.

Despite the challenges, there are several ways you can work from home in these fields:

1. Employed Remote Positions

You can secure an employed position, either with a financial advisory practice or an outsourced service provider. However, due to the high demand for remote roles, salaries tend to be lower than in-office, or Hybrid positions.

Explore available remote roles here

2. Self-Employed Roles via Outsourced Providers

Another option is to work on a self-employed basis for an outsourced provider. In this arrangement, you typically earn around 50% of the fees charged for the work you perform. As a paraplanner, this could translate to approximately £45k–£50k. You’ll have the flexibility of working from home but will need to follow the processes and timelines set by the outsourced business.
Additionally, working through a limited company can bring tax efficiencies, making this a financially advantageous option for many professionals.

3. Setting up a Paraplanner Business

The most appealing option is often to set up your own business, either as a paraplanner or IFA administrator. By doing so, you keep 100% of the revenue and have full control over your clients, work process, and schedule. Running your own business through a limited company also brings significant tax efficiencies, allowing you to maximise your earnings while enjoying greater independence.

While many aspire to run their own business, most are hesitant to take the plunge. Understandably, the thought of finding clients, particularly without prior business development experience, can be daunting.

How We Can Help You Set Up Your Own Business

This is where we step in. Our expertise lies in helping financial professionals like you transition to running your own business. We assist by introducing you to potential clients.

Here’s why we’re different:

• Experience: We initially offered outsourced paraplanning services directly and hired self-employed paraplanners. Over time, we found that by helping more professionals establish their own businesses, they could provide higher quality support and enjoy more rewarding careers.
• Client Acquisition: We actively reach out to financial advisory firms daily to understand their needs, whether it’s for outsourced paraplanning, IFA administration, recruitment, or financial advisory leads. Our extensive database includes thousands of key industry contacts, which we use to connect you with the right opportunities.

We’ve also created guides to help you with every step of the process, from setting up your own business to strategies for acquiring clients independently.

Ready to Get Started?

If you’re interested in taking control of your career and starting your own business, we’re here to help. With our support and connections, you can overcome the hurdles of client acquisition and start building your future.

Learn more about setting up and running your own paraplanning business.