Paraplanning

The upcoming increase in the general Transfer Balance Cap (TBC) from $1.9 million to $2 million, effective 1 July 2025, presents significant opportunities for financial advisers to enhance their retirement planning services. This change, driven by the latest Consumer Price Index data, offers avenues for advisers to provide tailored strategies to clients aiming to maximise…

Money Management recently published an article highlighting a critical concern in the financial advisory field: the “great wealth transfer.” With trillions of dollars set to pass from Boomers to their heirs, this shift brings immense opportunities—and risks. For financial advisers, especially those unprepared to build relationships with their clients’ families, it may even threaten business…

As financial advisors, the quality and efficiency of your outsourced paraplanner’s work is directly linked to the service you provide your clients. With advancements in AI, paraplanners are finding new ways to streamline processes, analyse data, and improve accuracy—all of which can enhance client outcomes. There is no doubt that AI can be a valuable…

According to a recent report, paraplanning has become one of the most rewarding and promising career paths within the financial planning industry, and indeed more young professionals are showing interest in paraplanning than even advisor roles. Historically considered a back-office support role, paraplanners have stepped into the spotlight, playing an integral part in delivering holistic…

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…