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Para Financial Planner Paraplanner Services for Advisers
We provide a wide array of backend support services to financial planning firms in preparing Statement of Advice. Our service is available to all sizes, from a startup to large financial advisory firms.
We work in collaboration with advisers to produce compliant, accurate and presentable documents, whether a full financial plan, analysis, or suitability reports we can deliver the work, in time, budget and format.
Service we Offer
STATEMENT OF ADVICE (SoA)
Ranging from risk only plans to comprehensive advice documents involving different entities such as SMSF and family trusts. PlanWise will write any SOA’s that you require.
RESEARCH & TECH SUPPORT
PlanWise is happy to provide technical support and knowledge to advisors prior to the commencement of advice construction.
RECORD OF ADVICE (RoA)
PlanWise will construct any limited-scope SOA/ROA’s to meet your needs. Unsure of whether an ROA or SOA is required? PlanWise can assist.
WORKING PAPERS & STRATEGY SUMMARIES
We understand that Advisers want to spend more time meeting their Clients and less time working on the more menial tasks such as working papers and strategy notes.
PROJECTIONS & MODELLING
PlanWise can model scenarios and provide detailed projection reports if you require them before committing to a full SOA.
PRODUCT COMPARISONS & ANALYSIS
Need to know whether you have a reasonable basis for switching Super or Insurance products? Want to research the costs and features of specific products? PlanWise can do this for you in an efficient manner.
Strategies we Prepare
We understand that creating a comprehensive financial plan can be a complex and time-consuming process, which is why we offer expert paraplanning services to assist financial advisors in the development and implementation of these plans.
Insurance
Providing a range of comprehensive coverage options to protect assets and personnel from unforeseen risks
Retirement Planning
Offering strategic guidance to clients on retirement savings and investment options for a secure financial future
Cashflow Budgeting
Assisting clients in optimising cash flow management to improve financial stability and achieve business objectives
Superannuation
Assisting clients in efficiently managing their superannuation, optimising contributions, and ensuring regulatory compliance
Investment
Advising clients on astute investment choices to maximise returns and diversify portfolios for long-term growth
Estate Planning
Supporting clients in structuring assets and inheritance plans to minimise tax liabilities and ensure smooth transitions
SMSF
Expertly guiding clients through the establishment and management of personalised superannuation funds for maximum control and efficiency
Gearing
Providing advice on leveraging financial instruments to enhance investment returns while effectively managing associated risks
Debt Management
Offering tailored solutions to manage and reduce debt burdens, enabling clients to focus on core business activities
PARAPLANNING SOFTWARE EXPERTISE
Frequently asked questions
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Why should I outsource paraplanning services?Outsourcing paraplanning offers several benefits, including cost-effectiveness, access to a skilled and experienced workforce, and the ability to focus on core business activities while maintaining high-quality financial documentation.
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How secure is my data when outsourcing to PlanWise?Your data security is our top priority. We follow the industry’s best practices to ensure the highest level of security for sensitive information. We implement stringent security measures, including encrypted data transfer, secure servers, and strict access controls to protect your sensitive information.
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How does PlanWise manage the time zone difference between India and Australia?Wemanage the time difference effectively by leveraging the 5-hour time gap to optimize workflow and communication. While our team progresses on work during their later work hours, the Australian team can begin their next day with updates and deliverables ready for review. This cycle helps maintain momentum and reduces downtime, making the most of the time difference.
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What is the turnaround time for paraplanning services?We deliver Statements of Advice (SoA) in days, not weeks. PlanWise is renowned for rapid turnaround times, typically completing assigned work within 3-5 business days. Even the most complex plans, such as SMSF with gearing, are completed within 7 days.
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How can we ensure the quality of your work?At PlanWise, we ensure the quality of our work through our team of highly experienced professionals, rigorous review processes, and continuous training. Every plan is meticulously reviewed to maintain accuracy and compliance, ensuring that we consistently deliver high-quality results tailored to our clients' needs.
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What are the costs associated with outsourcing paraplanning services?Our pricing is competitive and depends on the scope and complexity of the work. We offer flexible pricing models, including ad-hoc pricing and Ongoing Fixed pricing agreements, to suit your business needs.
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Can I request a trial before committing to a long-term partnership?Yes, we offer trial periods so you can evaluate the quality of our services before entering a long-term agreement. This allows you to assess our expertise, turnaround times, and overall fit with your business.
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What software tools we used?Our paraplanning team has software expertise on XPLAN, COIN, AdviserLogic, Midwinter, Platform Plus, Plutosoft, IRESS and many more.
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How do PlanWise ensure compliance with Australian regulations?Our team of paraplanners is well-versed in Australian financial regulations, including the latest updates to the Financial Adviser Standards and Ethics Authority (FASEA) guidelines. We regularly train our staff to stay current with Australian laws and industry standards, ensuring that all advice documents meet regulatory requirements.
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How do we get started with PlanWise services?Getting started is easy! Contact us through our website, and one of our representatives will get in touch with you to discuss your needs. We will guide you through the onboarding process, including setting up communication channels and understanding your specific requirements.