Paraplanning Outsourcing Duties and Scope

The On Demand Paraplanning service covers nine categories of paraplanning work.

Each duty type is scoped during onboarding so that Felcorp staff understand your templates, software, and job requirements before the first submission arrives.

Retirement Planning

Retirement planning jobs cover accumulation, phased retirement and drawdown strategy work.

• Pension and fund transfer analysis
• Phased retirement and pre-retirement strategy modelling
• Wealth accumulation projections across contribution scenarios
• Assessment of projected retirement balances against income requirements
• Fund restructuring and contribution optimisation strategies

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Insurance Needs Analysis

Insurance work covers full personal risk analysis across all major cover types.

• Life insurance needs assessment based on client liabilities and income
• Total and Permanent Disability (TPD) coverage analysis
• Trauma and critical illness coverage review
• Income protection assessment against client obligations
• Comparison of existing policy terms against current market options

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Scenario Modelling

Scenario modelling produces quantitative projections across a range of planning variables.

• Cashflow modelling across income, expenditure and savings timelines
• Retirement outcome modelling under multiple contribution and drawdown scenarios
• Net wealth projections across asset accumulation horizons
• Strategy comparison under different market, tax and contribution assumptions

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Platform Comparisons

Platform comparison work supports advice recommendations involving platform switches or consolidations.

• Fee comparison across administration, investment and advice fee structures
• Investment menu review including managed funds, ETFs and direct equities
• Platform functionality and reporting capability assessment
• Replacement analysis with cost and benefit summary documentation

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Investment Analysis

Investment analysis jobs assess portfolios and individual investment options against client objectives.

• Portfolio review against client risk profile and investment mandate
• Performance benchmarking against relevant indices
• Asset allocation and diversification assessment
• Investment option comparison across risk-adjusted return metrics

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Product Research

Product research delivers structured comparisons to support product recommendations and replacement advice.

• Side-by-side fee analysis across competing products
• Feature comparison covering investment options, insurance terms and administration
• Replacement cost analysis including exit fees, lost benefits and transition costs
• Summary documentation suitable for inclusion in advice reports and client files

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Advice Document Creation

Advice document creation covers preparation of all written advice deliverables.

• Financial plan and advice document preparation to your practice template
• Advice record and amendment note preparation
• Strategy presentation documents and client-facing summaries
• Cover letters and executive summaries

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Data and File Preparation

Data and file preparation covers the groundwork required before strategy and advice work can proceed.

• Completion of fact-find data from client intake and portal submissions
• Organisation and preparation of paraplanning file notes
• Data entry into your financial planning software and CRM platforms
• File review for completeness prior to strategy work commencing

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Implementation Packs

Implementation pack preparation covers post-advice documents required to action client decisions.

• Creation of implementation schedules detailing required action items
• Preparation of review packs for annual and periodic client reviews
• Summary documents covering actions completed and outstanding
• Coordination of required application forms and submission checklists

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