Simply Paraplanner Partners with LoanBuddy for Education on Student Loan Repayment

May 4, 2020 7:32:18 PM

LoanBuddy for Advisors - the market-leading software for financial advisors managing student loan debt repayment planning - has established a new partnership with Simply Paraplanner. LoanBuddy and Simply Paraplanner have committed to improving the education and technology resources for paraplanners for student loan repayment. Through this partnership, LoanBuddy and Simply Paraplanner are expanding capabilities to reinforce a commitment to developing the best processes for growing firms.


Moving into A New Era

Simply Paraplanner is growing their list of supported technologies to familiarize their members to quickly onboard into a firm.  Simply Paraplanner is a unique solution that helps advisors explore the nation’s top talent in their search to hire the best paraplanner for their practice. Not only does Simply Paraplanner simplify the hiring process, but also provides training opportunities for paraplanners on the software that financial advisors use at their firms, reducing onboarding timelines. 

SP_LoanBuddy Blog ImageWhy Student Loan Planning

Now with 1 in 3 American employees holding on to an average of $30,000+ of student loan debt, it’s critical for advisors and their teams to understand how to best prepare clients for their loan life-cycles. In total in America there is more than $1.5 Trillion of Federal student loan debt. And the innovative advisors who utilize LoanBuddy are primarily working with clients right out of graduate school programs with an average of over $170,000 of higher education costs. 

“The Simply Paraplanner team is excited to partner with LoanBuddy to provide our members with access to student loan education and the LoanBuddy software. This will be a great opportunity for paraplanners to add more value to the advisor firms that they work with, allowing advisors to spend more time with their clients and less time doing analysis themselves. We are grateful for forward thinking companies such as LoanBuddy who are willing to share their platforms with our members.” said Jen Pritchard, Co-Owner of Simply Paraplanner 

“We are thrilled to partner with Simply Paraplanner and are extremely grateful for the ongoing support they have shown towards our technology. We feel incredibly fortunate to collaborate with this emerging company and further integrate LoanBuddy tools to make them even more accessible to financial professionals,” said Alex Bottom, Co-founder of LoanBuddy

“Now, advisors with growing firms can select a paraplanner from a talented pool of candidates who have developed their skills to coincide with the platforms that their company relies on.” Bottom continued.

LoanBuddy for Advisors Dashboard

What Can I do with LoanBuddy and Simply Paraplanner?

Simply Paraplanner portal members will get a free 2-month subscription to LoanBuddy for training purposes and free access to all five educational videos for student loan planning. That means Simply Paraplanner portal members receive a value of over $600 for LoanBuddy’s student loan education and technology, comp’d.

And for LoanBuddy for Advisors members who hire through Simply Paraplanner, Simply Paraplanner has better prepared paraplanners who are trained on how to navigate the ins-and-outs of the software. 

 

I already use Simply Paraplanner, how do I Access LoanBuddy?

Simply Paraplanner portal members can easily connect to LoanBuddy through a unique link found in their Simply Paraplanner account — no credit card required!

 

Can my Assistant/Paraplanner Use LoanBuddy?

Along with receiving LoanBuddy’s cutting-edge tools for free, financial advisors can connect their assistants or paraplanners to their LoanBuddy account for only $15 per month, this new enhancement is available to all LoanBuddy users and can accommodate your team effectively. 

 

How do I Ensure my Account Stays Secure When I Add my Paraplanner?

LoanBuddy has increased security and streamlined the process for financial advisors who connect their paraplanner to their account. Financial advisors now have more control and compliance with LoanBuddy to reduce the reliance on shared passwords.

 

Where can I learn more?

To learn more about this exciting new partnership and to take advantage of this additional learning capability, tune into our joint webinar on May 12th at 11am PST.  Please find the link in your Simply Paraplanner Dashboard to register. If you are not currently a Simply Paraplanner Portal Member, but would like access to this webinar plus the software training, sign up now!

 

About Simply Paraplanner

Simply Paraplanner is on a mission to improve employment within the financial planning industry, guiding financial advisors to make smarter, more profitable hiring decisions, and providing paraplanners with the tools to create the work environment that fits their lifestyle.

Simply Paraplanner offers two platforms and services:

  1. The Simply Paraplanner Job Board is the only financial services job board where all job listings are 100% virtual. Financial Advisors looking to grow their team can search resumes, post jobs, and work with the SP team to find their perfect virtual candidate through candidate screening services.
  2. The Paraplanner Portal is a member only platform in which aspiring and established paraplanners use to grow their career. Within the portal, paraplanners have access to monthly webinars, software training, templates, pricing guidelines, live group calls, plus a network of other paraplanners.

 

Simply put, Simply Paraplanner connects financial advisors with virtual paraplanners to help advisors expand their business, not their office, with the country’s top virtual paraplanner talent.

 

About LoanBuddy

LoanBuddy for Advisors offers software tools to financial advisors who are assisting their clients with student debt repayment planning. LoanBuddy for Advisors technology automatically calculates options for federal income-based repayment programs and tracks Public Service Loan Forgiveness for borrowers that qualify. Financial planners will save time generating graphs and reports they can use to guide clients through the lifecycle of their loans. LoanBuddy has a "Member Community" of advisors that is growing rapidly, with more than $400 million in student loan debt managed on its platform. The LoanBuddy mission is to empower advisors with solutions to help borrowers improve their financial wellness and optimize their student debt. 

LoanBuddy for Advisors - the market-leading software for financial advisors managing student loan debt repayment planning - has established a new partnership with Simply Paraplanner. LoanBuddy and Simply Paraplanner have committed to improving the education and technology resources for paraplanners for student loan repayment. Through this partnership, LoanBuddy and Simply Paraplanner are expanding capabilities to reinforce a commitment to developing the best processes for growing firms.