Tired of spending hours on SoA creation and feeling overwhelmed during audit season?
- We offer comprehensive contract paraplanning services designed to empower busy financial advisors.
- Our experienced and paraplanners possess a deep understanding of the financial landscape
- We seamlessly integrate into your workflow and handle the time-consuming tasks associated with Statements of Advice (SoAs) creation.
- We free you up to focus on what matters most - your clients.
Average 5-7 business
day turnaround
3 day rush available
100% onshore
Find a Quality Paraplanner in Melbourne to Support Your Business
Mutual Plans is a Melbourne-based financial planning firm that specialises in outsourced paraplanning services. Our clients quickly discover the value of having a professional paraplanner by your side to deliver exceptional client service.
Our team of certified paraplanners in Melbourne has the expertise to create accurate, compliant, and detailed SoAs efficiently. This frees you, the financial advisor, to focus on building strong client relationships and growing your business.
How We Can Help You?
- SoA Creation: Our experienced paraplanners meticulously craft SoAs that clearly outline your client's financial situation, investment strategy, and personalised recommendations. We ensure all information adheres to relevant regulations and is factually accurate.
- Comprehensive Support: We go beyond SoA creation. We offer paraplanning services throughout the entire client lifecycle which allow us to draft compelling reports to support your client consultations.
- Flexible Engagement: We understand every financial advisor has unique needs. Our contract paraplanning is flexible and customisable to fit your practice's workflow.
- Cost-Effective Solutions: We offer a range of service packages, from a la carte options to a complete end-to-end paraplanning solution. This ensures you get the level of support you need at a competitive price.
- Compliance & Risk Management: Our focus on compliance throughout the process minimises your risk exposure. We can handle the entire SoA preparation and creation phases, ensuring adherence to the latest regulations.
Benefits of Partnering with Mutual Plans:
- Focus on Client Relationships: By outsourcing paraplanning tasks, you have more time to develop strong relationships with your clients.
- Enhanced Efficiency: Our streamlined processes ensure that SoAs are completed promptly, allowing you to serve your clients effectively.
- Expertise & Quality: Our team of qualified paraplanners delivers exceptional quality and accuracy in every SoA.
Let's Discuss Your Needs
If you're a financial advisor in Melbourne looking for quality paraplanning support, contact Mutual Plans today. We'll discuss your specific requirements and create a customised solution to elevate your client service and streamline your practice.
Trusted by licensees from:
Amp
Insignia
Morningstar
Synchron
Wealthtoday
Sentry
Fortnum Private Wealth
AND MANY MORE...
Mutual Plans' Outsourced Paraplanning Services:
Streamlined Support for Busy Sydney Advisors
SERVICE #1
Preparation Phase - Prioritise Compliance, Fast-Track Advice Creation
Benefits of Our Preparation Phase:
- Enhanced Compliance: Our experienced paraplanning team in Melbourne has the expertise to ensure your SoAs meet the highest quality standards and adhere to strict regulatory requirements.
- Client-Centric Focus: Through in-depth discussions with you, we ensure your recommendations not only meet compliance standards but also align with your client's specific financial goals and risk tolerance.
- Expert Product Research: Leveraging our deep understanding of Melbourne's investment landscape, our certified paraplanners conduct thorough product research. This includes identifying the most suitable investment platform for your client's needs, exploring alternatives, and meticulously comparing features and costs.
- Pre-SoA Modelling and Scenario Planning: We utilise advanced tools and techniques to perform pre-SoA modelling. This allows you to explore different scenarios and formulate a well-rounded financial plan that aligns with your client's best interests.
- Robust BID Working Papers: Our team assists you in crafting a comprehensive Best Interest Duty (BID) working paper. This document serves as a vital record, centralising all relevant information and demonstrating compliance with the advice process.
By outsourcing the Preparation Phase of your SoA creation to Mutual Plans, you can free up valuable time to focus on client consultations, business development, and building strong client relationships.
Contact us today to discuss how our Melbourne-based paraplanning services can elevate your client service and streamline your practice.
SERVICE #2
Creation Phase - Expert Drafting and Tailored Documentation
Following the comprehensive groundwork laid in the Preparation Phase, Mutual Plans transitions seamlessly into SoA Creation. Our team of experienced paraplanners in Melbourne possesses the expertise to craft clear, concise, and compliant SoAs regardless of complexity.
We cater to all your needs:
- Simple to Multi-Strategy SoAs: We excel at crafting SoAs for any scenario, from straightforward plans to intricate multi-strategy financial blueprints. Our professional paraplanners have the skills and experience to deliver exceptional results for your Melbourne-based clients.
- Platform Proficiency: We integrate seamlessly with your existing workflow. Our team is adept at working with a variety of financial advisor platforms, including Xplan, Plutosoft, Midwinter, AdviserLogic, and Advice Intelligence.
- Meeting Deadlines: We understand the importance of timely service. That's why we offer a rush service option to ensure your clients receive their SoAs promptly, even when deadlines are tight.
Encompassing All the Essentials:
Our SoA Creation Phase delivers a comprehensive suite of high-quality documents:
- Comprehensive Document Production: We create a range of critical financial planning documents, including SoAs, Records of Advice (ROAs), Strategy Papers, and Modelling Papers. This ensures your client receives a clear and thorough overview of their financial situation and personalised plan.
- Customised or Licensee-Compliant Templates: Our paraplanners leverage their expertise to craft SoAs that not only adhere to regulatory requirements but also align with your specific licensee's compliance guidelines. We can further customise templates to enhance clarity and better suit your practice's needs.
- Internal Compliance Checks: Our team conducts rigorous internal compliance checks on all SoAs. This meticulous review process ensures they meet the highest standards and minimises any potential risks.
- Collaborative Communication: We believe in a collaborative approach. Our paraplanners maintain open communication with you throughout the process to verify information accuracy and proactively address any compliance concerns that may arise.
SERVICE #3
Implementation Phase - Efficient Advice Execution
For Melbourne-based financial advisors seeking a truly comprehensive client service experience, Mutual Plans offers an optional Implementation Phase as part of our outsourced paraplanning services. This service is ideal for:
- Streamlining Back-Office Operations: Free up your internal team! Partnering with Mutual Plans allows for a seamless workflow, managing everything from initial preparation to final plan implementation.
- Managing Busy Periods: Don't let peak seasons disrupt your client service. Our Implementation Phase frees up your administrative staff to focus on other pressing tasks while our paraplanners handle the application process for your clients.
Seamless Execution for Your Melbourne Clients:
The Implementation Phase encompasses the following key tasks, ensuring a smooth and efficient process:
- Application Preparation: Our experienced team efficiently obtains and prepares all necessary application forms for implementing your client's financial plan.
- Application Submission: We act on your behalf or your client's behalf to lodge all relevant applications with
- Proactive Follow-Up: We go the extra mile! Our paraplanners ensure a smooth application process by actively following up on applications until complete implementation is achieved.
By outsourcing the Implementation Phase to Mutual Plans, you can elevate your client service by providing a quality paraplanning experience that extends beyond SoA creation. Contact us today to discuss how our Melbourne-based paraplanning services can streamline your practice and elevate your client service offering.
Cost-Effective Solutions for Melbourne Financial Advisors
At Mutual Plans, we understand that budget is a key consideration for Melbourne financial advisors seeking outsourced paraplanning support. That's why we offer competitive contract paraplanning rates and flexible engagement models to perfectly suit your practice's needs.
Transparency is Key:
We believe in transparent pricing. Contact us today to discuss our competitive rates for the following services:
- Preparation Phase Support: This includes in-depth client analysis, thorough product research tailored to Melbourne's investment landscape, and crafting a robust Best Interest Duty (BID) working paper.
- SoA Creation: Our fees are based on the complexity of the final document, ensuring you receive exceptional value.
- Implementation Phase: We offer competitive rates to manage application processing and follow-up for your clients, ensuring a smooth transition from plan to action.
Why Mutual Plans?
Every document is quality-reviewed — we have strict procedures in place to ensure all documents delivered to clients are of the highest industry standards.
Requests managed via our secure portal — There, you can submit requests and monitor progress (although we’re always on the end of the phone too). This way, communication is clear and centralised. So you’ll always know where your work stands, when you can expect it, if you need to provide additional information — and never feel in the dark.
Data protection prioritised — With cyber and security risks on the rise, we take additional measures to protect your client’s data. This includes using MFA on all our email and cloud files accounts; securing data in Sharepoint with multiple layers of protection—and giving only your assigned paraplanner and the paraplanner peer-reviewing their work access to your data.
No minimum request requirements — You only pay for the paraplanning services you need, when you need them.
Proven compliance expertise — None of our documents have failed at audit since Mutual Plans launched in 2016, and we consistently attain top rankings in auditing from PwC.
You will be assigned a dedicated paraplanner to your business — based on your needs/niche/location. That being said, as a larger team, we also have back-up so you’ll never find that work that doesn't get completed when “your” paraplanner is unexpectedly unavailable, off sick or on leave.
Australia-based — This means we understand Australian rules and regulations and stay abreast of changes. We also appreciate time is often of the essence for advisers, and being 100% onshore & on a similar time-zone to clients allows us to react faster to changes and requests.
Ready to Streamline Your Workflow and Enhance Client Service?
Mutual Plans offers a consultation to discuss your specific quality paraplanning needs and how our Sydney-based team can help you achieve your business goals. Contact us today and let's unlock the potential of your financial planning practice together!
Got questions? Contact us and ask away. We are here to answer them.