All you need to know about our paraplanning service details
Paraplanning scope of work
Our paraplanners handle the full spectrum of SoA, RoA advice preparation and compliance support, structured to align with your AFSL obligations and practice standards.
Key inclusions:
- Statement of Advice (SoA) and Record of Advice (RoA) preparation
- Strategy research, comparisons and projections
- Platform and investment research, comparisons and reporting
- Full insurance needs analysis, researching, quoting and modelling
We're across the big 4 financial advice software
We work within your existing software for peace of mind.
Platform capabilities include:
- XPLAN (modelling, SoA, RoA generation)
- ProductRex (portfolio construction and reporting)
- AdviserLogic (CRM, SoA production, compliance checks)
- Plutosoft (workflow automation and advice document generation)
- Workflows within your custom CRMs and document management systems
Outsource paraplanning service inclusions and operation details
Felcorp applies a unified set of operational standards across every paraplanning engagement. Clients can expect the same disciplined processes, quality-assurance procedures and security protections.
Operation details include:
- Staff shift working times and location details
- Full time employment details including leave entitlements
- Data security protections
Paraplanning aligned to ASIC RG compliance
Our financial planning workflows are aligned to ASIC and Australian government data protocols ensuring all financial data is secure to regulatory and AFSL expectations.
Compliance oversight includes:
- Documented review structures aligned to ASIC RG 104.34 (outsourced functions) and RG 104.85 (training standards)
- File readiness and audit trails for AFSL obligations and QA internal audits
- Internal spot-check audits, QA performance scoring and compliance reporting
Paraplanning Service Benefits
Specialist support
All paraplanners are supervised and workflow peer-reviewed by our experienced managers.
Turnaround Tracking
We'll track turnaround times and even enforce minimum performance milestones in our agreement.
Training & support
We completely train and up-skill our paraplanning staff in-house so you don't have spend time training.
Daily workflow reporting
Everyday we submit daily Statements of Work showcasing exactly what we've done.
Getting started with outsourced paraplanning
Book a Discovery Call
We'll map your advice process, discuss your software stack and determine what are your paraplanning goals and objectives.
Test us with a paraplanning trial
Trial our service with a live pilot over a month. We'll prepare several SoAs and you can evaluate our quality and speed.
Candidate onboarding
When you are ready to proceed, you'll choose your candidate and get ready for system and process set up.
Start your engagement
We'll start the formal agreement, train and supervise the paraplanner in-house and track your workflow and KPIs.
Trusted by Financial Planners across Australia
Our combination of experienced talent, compliance systems and long-term partnership makes us the trusted choice for advisers.
“Felcorp delivered us a 25% revenue increase in 3 months. That's given us the breathing space to plan our next growth phase."
Paraplanning Questions? See FAQs below
What turnaround times can we expect?
What exactly does your paraplanning service include?
Do you offer pay per plan pricing model?
Will we get a named, dedicated paraplanner?
Can we choose our staff member?
Are there lock-in contracts?
How do we communicate day-to-day?
Are there management review procedures for completed work?
Interested in Financial Planning Admin?
We've got you covered.
See our full administration service for financial advisers requiring a fully managed, end-to-end virtual CSO service.
