Edinburgh-based Carbon Financial Partners is using a graduate development programme to develop a ‘third tier’ paraplanner support role.
Carbon changed its name from Thomson Shepherd after its directors bought out the Skipton Building Society’s 84% stake in the business in May.
Since then the business has implemented Truth cashflow modelling and other back office systems, adding to its paraplanners’ workload.
Carbon is now looking to use its graduate recruitment programme to create a support role for its paraplanners, which have begun training for certified financial planner status.
‘What we have found is, through developing our use of Truth software cashflow modelling, that paraplanners are moving to another level,’ said operations manager Shireen Fernie.
‘So we are going to need a third tier support role. We need this other role because our paraplanners do more than just write suitability letters. We need researchers for the paraplanners because paraplanners have moved up a gear. They need support. ‘This will allow paraplanners to come to meetings with advisers.’
Last year Carbon took on four graduates and it added another in August. The firm said it would continue to recruit in the new year.
‘The main thing is to give paraplanners the level of support they need so they can go out to meetings with the financial planner and speak to clients first hand,’ said Fernie.
Carbon now only recommends passive investments and plans to expand through recruitment and double its headcount from 28 in five years.