The Personal Finance Society (PFS) has revealed that its first series of dedicated paraplanning events is sold out, with a waiting list of more than 40 delegates for the last of three, in London, later this month.

An estimated 3,000 of the society’s 36,000 members are paraplanners and, according to chief executive, Keith Richards, they fulfil a new, unique role within the financial services sector.

He said: “The importance of paraplanning has grown significantly in the last few years and is no longer regarded purely as admin or technical support. Post-RDR, it has evolved into a recognised profession in its own right.

“With the guidance of a practitioner panel we shall be introducing a broad range of more specialist support to aid and enhance that development.”

The new programme has begun with three events organised in association with PFS board member and founder of Parasols, Cathi Harrison, in conjunction with the expert paraplanner practitioner panel.

Focusing specifically on paraplanning issues and best practice, the events feature guidance from the FCA and FOS, alongside detailed examinations of behavioural finance, retirement considerations, the latest technology and driving better consumer outcomes.

“We are also working on a comprehensive online programme, including webinars and a range of easily-accessible centralised support,” said Richards, “together with a complementary focus on softer skills and handy tips to help paraplanners maximise the exciting new opportunities ahead of them.”

The first two events took place in Bristol and Leeds on 1 and 8 September respectively and the series concludes in London on 29 September. Demand for places in London is high and despite capacity being increased by 40%, there is still a sizeable waiting list, the PFS said.

In total, the three briefings (all free and open to both PFS members and non-members), are expected to attract in excess of 350 delegates.

Richard added: “Paraplanning offers terrific career development opportunities, as there is no stereotypical mould. Every adviser and client is different. It is not surprising, therefore, that it is such a rapidly expanding discipline and one which is increasingly highly regarded.”