Paraplanning

The financial advice industry in Australia is witnessing significant growth, fuelled by strong revenue streams that are encouraging practices to expand their staff base. According to a recent article on Money Management, many financial advisory practices are looking to capitalise on their robust revenue performance to grow and invest in additional resources, particularly in hiring…

As noted recently in Money Management, The Australian Securities and Investments Commission (ASIC) recently unveiled its strategic enforcement priorities for the 2025 financial year, signalling a firm stance on key areas that are critical to the financial advisory industry. Because of these priorities, it is more important now than ever to have a paraplanner partner…

The recently released report by Iress and Deloitte, “Advice 2030: The Big Shift,” sheds light on a substantial profit margin gap in the financial advice sector. It highlights that “high-performing” advice practices boast a 40% profit margin, compared to just 25% for the average practice. This translates to a staggering $550,000 difference in annual profit.…

As an outsourced paraplanning company, one of the most common questions we receive from financial advisors is about the competitiveness of their fees. It’s not that they want to check that they’re not over, or undercharging clients; it’s fundamentally about validating the value they provide. Advisors are keen to know if their fees align with…

Integrating outsourced paraplanners into your workflow can significantly enhance efficiency and client service. It is a very strategic partnership: Outsourced paraplanners provide valuable support, allowing financial advisors to focus more on client interactions, business development, and other critically important things. To make the most of the strategic potential of the partnership, there are some useful…