Paraplanning

The financial advice industry has undergone a tremendous transformation over the past decade. Regulatory reforms, technological advancements, and shifting client expectations have all contributed to a reimagining of how advice is delivered. At the centre of this evolution sits an often overlooked yet increasingly critical role: the paraplanner. Once relegated to purely administrative functions, paraplanners…

In recent years, the landscape of insurance within superannuation has undergone significant changes, creating new challenges for financial advisers counselling their clients. As premiums skyrocket and policy definitions tighten, advisers face increasing complexity in delivering value to clients, all while the pool of risk-only specialists continues to shrink. At Mutual Plans, we recognise these challenges…

The recent release of Tranche 2 of the Delivering Better Financial Outcomes (DBFO) draft package marks a significant milestone in Australia’s financial advice landscape. As reported in Financial Standard, this reform package introduces several key changes, most notably replacing Statements of Advice (SOAs) with Client Advice Records (CARs). Understanding the Changes The second round of…

The Growth Evolution: Key Insights from the FAAA Roadshow 2025 The financial advice profession is undergoing a period of rapid transformation, with regulatory changes, technological advancements, and professional development initiatives shaping its future. The Financial Advice Association Australia (FAAA) Roadshow 2025, themed The Growth Evolution, provided a platform for industry professionals to explore these developments…

For superannuation funds and financial planning businesses with six or more advisers, in-house paraplanning has traditionally been standard. However, as firms scale and face increasing client demands, maintaining a seamless, efficient paraplanning function can become a challenge. From high turnover to bottlenecks in workflow, many firms struggle to optimise their paraplanning processes and, eventually, the…