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
Keith Girard contributed to the editing of this article.
![Brian Murphy](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D8108bf100f9537e33d87bc22f26ea05c%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
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...