Paraplanning

Australia has seen a raft of regulatory changes affecting the financial services industry, with paraplanning being no exception. As paraplanners are critical in helping financial advisers create compliant, comprehensive financial plans, any regulatory shift impacts the way they operate, and how they interact with and support their clients. The Rise of Compliance Obligations The increasing…

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…