Commonwealth Financial Network announced Monday the launch of a virtual paraplanning program that connects financial advisors with credentialed financial planning professionals who are coached to work in a virtual setting.
Participating advisors are matched with two virtual paraplanners who act as an "extension of their firm." The paraplanners will help financial advisors broaden capacity and expertise while building efficiencies and scale without additional staff, according to the announcement.
The paraplanners are drawn from Commonwealth's wealth management team and "seamlessly integrate into existing processes and assist advisors with financial plans." They can also draw on Commonwealth's in-house expertise, ensuring "comprehensive and timely coverage for the advisory practices they support."
