Paraplanners are an integral part of the advice journey, and do the research and report writing that advisers do not always have the time to do. Working in a small firm without admin or paraplanning, it can be hard to keep up with all of the paperwork requirements, never mind changes in regulation such as Consumer Duty.
Have you ever wondered what it would be like to try outsourced paraplanning? It can be a strange concept for some people, like having a member of staff that you have never met! The flexibility that an outsourcing company like Para-Sols can offer firms, no matter their size, is just one of the advantages in dipping your toes in the water.
- support that provides quality, compliant reports exactly when you need them
- access to technology that helps you stay up to date on your client’s cases in real time
- another member of staff on your team without the overheads of recruitment or desk space
- flexibility to use as little or as much support as you need
- more time to concentrate on what you do best – advising clients…
Sounds good, right?
Experienced paraplanners can be hard to find. Recruitment is difficult at the best of times, but specifically a paraplanner that can jump right in to your cases and help you grow your business from the start is very difficult. Outsourcing can help with this, as you can access the most experienced and knowledgeable paraplanners without the costs of hiring or office overheads. They will act as members of your team – they can even attend client meetings virtually to make writing up notes, recommendations and reports seamless across your service proposition.
Any reports written can be fully branded to your company and will be compliant. There may even be tech-based solutions available such as interactive report templates which are clear and engaging for clients. There are many services that you can take advantage of such as cashflow modelling, talking to providers, even defined benefit cases. Wherever there is a gap in your firm, outsourced paraplanning can help. It’s as flexible as you need it to be!
If you would like more information about the benefits of outsourcing, plus everything else that Para-Sols does (and can do for you), have a look at the website here.