Outsourced paraplanning allows financial advisers to delegate the preparation of Statements of Advice (SOAs), Records of Advice (ROAs), research and modelling to external paraplanners. This model is widely used across Australian advice firms to reduce bottlenecks, improve turnaround times and maintain advice quality.
Many advice firms experience inconsistent capacity, staff shortages or heavy compliance workloads. Outsourcing provides access to skilled paraplanners without adding a full-time salary, overheads or training burden. It also helps firms scale efficiently.
While every provider has a slightly different workflow, the process generally includes:
Including fact-find, supporting documents, product details and strategy notes.
Requests for clarification or additional documents are raised early to prevent delays.
Financial modelling, projections, comparisons, risk research and strategy calculations are completed using your preferred tools.
Using your licensee template and tone. Compliance standards are applied to ensure audit readiness.
You approve changes, add your personal advice narrative and finalise the document.
The paraplanner prepares the final pack for implementation or presentation.
Outsourcing suits firms that want predictable turnaround times, consistent document quality and flexibility during busy periods. It also works well for growing practices that can’t yet justify full-time in-house paraplanners.
AdviserPro provides paraplanning support built specifically for Australian advice practices and AFSLs. We follow your licensee templates, use compliant research practices and deliver audit-ready documents with clear, concise strategy explanations.
