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RightCapital conversions from MoneyGuidePro are a catalyst for Commonwealth's move to put paraplanners at advisor fingertips

The Waltham, Mass., IBD with 2,200 reps is latest, after LPL, to create a paraplanner bank of people for advisors to use -- and pay for -- as they go, and switch software vendors smoothly

Author Brooke Southall January 20, 2024 at 3:03 AM
Admin:
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Karen McColl: Demand for financial planning services from clients is exploding.
Keith Girard contributed to the editing of this article.

Brian Murphy

Brian Murphy

January 20, 2024 — 10:28 PM
Interesting angle - outsourcing the planning to independent 3rd parties; but these services aren't quite where they need to be yet IMO. But they're on the right path - just still a bit crude. My vision is more sophisticated software backend, coupled with the "paraplanner" who acts as the advisor. Software needs to be proactive - ie) pointing out things that should be addressed over time. Anyways, RightCapital - you're getting warmer...

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