In recent years, many financial planning firms have struggled to meet their business goals. Things like changes in legislation, increasing costs and the global pandemic have put extra strain on practices everywhere. Because of this, some business owners feel stressed and explore their options. One thing some consider is merging their business with other like-minded…

The Quality of Advice Review (QAR) is recommending the removal of statements of advice (SOAs). Many paraplanning professionals have shown a concern for their future job prospects, given SOAs cover a large part of a Paraplanner’s work. Despite paraplanner fears, many leaders in the financial planning space feel that the future couldn’t be brighter for…

Struggling with any of these common problems in your financial planning firm? 1. You spend what seems like far too much time documenting the advice process via BID working paper writing. And after all that work? Often it doesn’t quite meet the compliance requirements, which seem to be getting increasingly stringent. 2. Product research and…

If you’ve decided that outsourcing your paraplanning is the right decision for your business, the next step is selecting who you will work with. When hiring a paraplanner, not all are suited to every financial adviser firm, so you need to be discerning. And with a range of service providers available, you may need help…

Have you been mulling over outsourcing to a paraplanner? Or have you never even thought about it? In either case, it’s time to consider it more seriously. Because the right outsourced paraplanner can bring tangible benefits to your firm and operations. Here are 6 reasons every financial planner should have an outsourced paraplanner to support…