Outsourced paraplanning support for financial advisers
Outsourced paraplanning allows financial advisers to access experienced technical support for research, suitability reports and case preparation without the need to hire in-house staff.
How outsourced paraplanning fits into the advice process
Outsourced paraplanning supports the technical side of advice delivery, helping advisers move from client meeting to recommendation more efficiently.
Client meeting
Advice needs, objectives and circumstances are established.
Fact find & notes
Key information is gathered to define the scope of the case.
Research & analysis
Technical research, comparisons and planning work are carried out.
Suitability report
Structured documentation is prepared to support the recommendation.
Adviser review
The adviser reviews the work and moves the case forward.
How outsourced paraplanning fits into the advice process
Paraplanning provides the technical backbone behind financial advice, handling research, product comparisons, modelling and documentation so advisers can focus on clients.
What outsourced paraplanning support includes
Pension research
Analysis of pension providers, transfers and drawdown options.
Investment research
Portfolio construction, fund analysis and risk profiling support.
Suitability reports
Preparation of compliant suitability reports and advice documentation.
Cashflow modelling
Financial planning projections to support client recommendations.
Product comparisons
Platform comparisons, charges analysis and product research.
Annual reviews
Ongoing review documentation and portfolio analysis.
Outsourced vs in-house paraplanning
| Outsourced paraplanning | In-house paraplanner |
|---|---|
| Flexible workload | Fixed salary cost |
| Pay per case | Permanent overhead |
| Scalable support | Limited capacity |
| Specialist expertise | Training required |
