Financial Planning community NextGen is to rebrand to Plannex to better reflect its membership and what it offers.

The community’s co-founder Rohan Sivajoti announced the rebrand at its ‘Elements’ conference today in Manchester, saying that it had “outgrown the name NextGen.”

NextGen began as a Facebook group before the community officially launched in 2016.

It provides training and support for Financial Planners at all levels.

Mr Sivajoti said that it became clear as the brand grew that the NextGen name did not appeal to potential partner firms and appeared “narrow” and “misleading.”

He said people made assumptions about the community from its name: “Some people assume that we’re just for young planners – but we’ve always been about what’s next for the entire profession.

“Plannex reflects who we are now: ambitious, practical and laser-focused on helping planners and businesses thrive in a fast-changing world.”

The NextGen community offers a range of Financial Planning content designed to help Planners and Paraplanners with their professional growth.

In 2023 it launched an academy aimed at those interested in joining the Financial Planning profession or looking to further their career profession via exams. It also runs in-person events, online masterclasses and workshops.

The community also aims to reduce inequalities within the profession and promote diversity and inclusion.

NextGen, now known as Plannex, currently has more than 1,500 members.