Paraplanning has traditionally been viewed as a gateway to becoming a financial adviser, but research shows that it is becoming a profession in its own right.

Quilter Financial Planning surveyed 120 paraplanners and found that 77% of women in the profession do not want to become financial advisers compared to just 38% of their male peers.

The data found that just 6% of female paraplanners said that they would like to go on to become a financial adviser while 17% said ‘maybe’.

Conversely, 41% of male paraplanners said that they would like to become a financial adviser with 21% saying ‘maybe’.

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