TechnologyJuly 15, 2026
paraplanning
/ˈpærəˌplænɪŋ/
Definition
The technical and administrative tasks performed by support staff to assist financial advisers in preparing client reports and research for financial plans.
Etymology
The word is a portmanteau of the prefix 'para-' (meaning beside or alongside) and 'planning' (as in financial planning). It emerged in the late 20th century to describe the professional support role that works alongside a financial adviser.
In the news
The article uses 'paraplanning' as a key administrative task that AI is well-suited to handle, allowing human advisers to focus on high-level strategy and client interaction.
AI will help advisers work smarter, but it cannot replace their judgement
Read the full article ↗mpamag.com