Understanding the Paraplanning Process and the Benefits of Outsourced Paraplanning Services
At Newcastle Paraplanning, we specialise in providing comprehensive paraplanning services, ensuring that financial planners have the support they need to deliver best in class advice to their clients.
Our paraplanners possess the necessary qualifications and expertise to assist financial planners in every step of the paraplanning process.
“By leveraging Newcastle Paraplanning outsourced services, you can streamline your business operations, enhance your client service, and benefit from the expertise of our qualified paraplanners”.
Here’s an overview of the paraplanning process and how our services can benefit your business:
Gathering Client Information:
Our paraplanners work closely with financial planners to gather all the relevant information about the client’s financial situation, goals, and objectives.
This includes personal and financial details, documents from superannuation, investment or insurance providers, and financial statements or tax returns. We ensure that all information is gathered accurately and securely, providing a comprehensive summary for further analysis.
Conducting Research:
The team at Newcastle Paraplanning excel in conducting thorough research using the latest financial planning tools and resources.
We analyse current Australian market trends, investment options, and insurance products to identify the most suitable solutions for your clients.
Our research is tailored to meet the specific needs of each client, ensuring that our recommendations align with their goals and risk tolerance.
Strategy Formulation:
Working in collaboration with financial planners, our paraplanners assess the gathered information and formulate effective strategies for your clients.
We utilise sophisticated financial modelling tools and software to evaluate different scenarios, identify potential gaps or areas of concern, and develop strategies that maximise the likelihood of achieving your clients’ financial goals.
Developing Financial Plans:
Based on our research and analysis, we assist you in developing comprehensive financial plans for your clients. These plans encompass a wide range of aspects, including investment strategies, retirement planning, tax optimization, risk management, and estate planning.
Our paraplanners collaborate closely with your team to ensure that the plans are customised to meet the unique needs and preferences of each client.
Preparing Reports:
With over 20 years’ experience, the team at Newcastle Paraplanning excel in creating clear and concise Statements of Advice (SOAs) that outline the recommended strategies for your clients.
These reports are designed to be coherent, compliant, and easily understandable. We use charts, graphs, and other visual aids to simplify complex financial concepts, ensuring that your clients have a clear understanding of the proposed strategies.
Compliance and Documentation:
Compliance for is a priority one for us.
Our paraplanners ensure that all recommendations and strategies are fully compliant with Australian regulatory requirements and industry standards.
We meticulously document every step of the process, providing a transparent trail of research, rationale, and necessary disclosures or disclaimers. Our comprehensive documentation ensures that your files are audit-ready and meet all legislative requirements.
Supporting Client Meetings:
Our paraplanners are available to support you during client meetings. We are available to provide additional insights, answer client questions, and help explain the details of the financial plan.
With vast expertise and knowledge, our paraplanners enhance the overall client experience and contribute to a deeper understanding of the proposed strategies.
By leveraging Newcastle Paraplanning outsourced services, you can streamline your business operations, enhance your client service, and benefit from the expertise of our qualified paraplanners.
We work as an extension of your team, ensuring that you have the support and resources needed to deliver tailored and suitable financial advice to your clients. Partner with us to experience the advantages of professional paraplanning services and take your business to new heights.
