The offering is designed to help guide and coach financial planning professionals at a time of continual change in the UK’s wealth sector.

Joslin Rhodes, the pensions and retirement planning firm based in the UK’s Northeast, has announced today that it has launched PlanHappy, which provides training, coaching and development services for wealth management professionals.

The new service was conceived by Neil Parker, Joslin Rhodes’ chief executive.

“PlanHappy was born out of frustration,” Parker said in a statement. “As a lifestyle financial planner, the existing software available just didn’t do what I wanted it to do.”

PlanHappy has three training courses, including its PlanHappy Lifestyle Financial Planning Process. Planners will have access to hundreds of hours of continuing professional development (CPD) content as well as personalised one-to-one coaching. In total, there are 280 modules of CPD course content.

“Continuous professional development has to be at the heart of truly effective financial planning,” Parker said. “Understanding the financial landscape and evolving client needs is one thing. But to be truly ahead of the game, a successful financial planner should always be looking to hone their craft and not make the same mistakes as many before them have.”

Parker, who trained in his mid-teens to be a chef, moved to the civil engineering sector before entering the financial services sector at the age of 26. He launched Joslin Rhodes, a firm employing 60 people, which has £200 million ($253.7 million) in funds under management.  

The PlanHappy software has been in a beta testing phase for three years and is now ready for launching across the UK, the firm added.