Here are some pointers…
Outsourcing Paraplanning
· Experienced Paraplanners – Outsourcing means you can have access to experienced paraplanners very quickly and often within the week. This can be especially ideal for small businesses and start-ups where you don’t yet have the resources to take on employees.
· Flexibility – Outsourcing is also flexible, you can easily increase or decrease capacity at short notice.
· Only pay for the services required – Only pay for the service when require and use.
· Keep your costs low – There will be no need to pay for holidays, recruitment costs, pension contributions as you would expect from an in-house Paraplanner
Virtual Admin
· Increase productivity – LOA chasing can be time-consuming, using our virtual admin service for this can increase your productivity
· Save time – We will take care of all the provider chasing and sending off of LOA requests
· Chasing – We will gather the information once back in to ensure its all there and will keep you updated on the progress, again saving you time to take care of other tasks.
· Obtain valuations – We will obtain valuations and illustrations
· No tie-in – There is no tie-in you simply pay for the service used
In-House Paraplanner/Administrator
· Costly – It can be costly to hire permanent employees, you have to take into account salary, training, health insurance, holiday pay, sick pay and pension contributions to name but a few.
· Time consuming – The hiring process can be timely and may not suit your business model and needs.
· Suitability – Sourcing suitable candidates and then interviewing takes a lot of time out of your days and weeks and notice periods may have to be taken into consideration.
· Higher costs – Sometimes full-time / part-time employees are not fully utilised and there may be quiet times when in-house paraplanners have no paraplanning work to do. However, as a company you still have to pay their fixed costs. You also have to consider agency fees.
We have over 16 years industry experience in the technical aspects of financial planning. We provide our clients and firms with a range of services to cover all your paraplanning needs. We currently offer Technical Sustainability Reports, Annual Reviews, Cash Flow Forecasting and Virtual Admin. Outsource your paraplanning and administrative support to us. We can handle the demands of research, analysis, suitability reports and administration.
Want to speak to a qualified Paraplanner? Book a free 30-minute consultation now!