How financial advisors can improve efficiencies with paraplanning?

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When it comes to better administrative management and quick and accurate completion of various financial planning tasks, outsourced paraplanning can prove to be a very helpful service. While paraplanning has been around for quite some time, outsourced paraplanning is a fairly new concept that is gaining rapid traction due to the numerous advantages it brings. Let’s take a look at how outsourcing this task can be a lot more effective than relying on in-house paraplanners.

The expertise of an outsourced paraplanner

An outsourced paraplanner does almost the same tasks that an in-house paraplanner would do. A broad classification would be:

  • Dealing with compliance issues
  • Research for investments and providers as per requirements
  • Preparing critical reports

In addition to that, there are several other areas and processes that the outsourced paraplanners can handle with perfection. They are trained and qualified individuals who know the best ways of administering financial records for clients.

Paraplanning services that you can outsource

There is an extensive range of services that can be easily outsourced to paraplanners. Let’s take a look at paraplanning services that are taken care of at Valenta.

Pre SoA

Our professionals ensure that your business can avail yourself the best of pre SoA services as per your requirements. This includes sending authorities to institutions, risk insurance pre-assessment, life insurance calculations, insurance quote preservation, cash flow scenario/modeling, preparation of comparison reports and so on.


Our SoA services focus on the preparation of statements of advice documents and include all the complexities and levels of detail necessary to prepare accurate and informative SOAs.

Post to

As a part of our post SoA services, our professional paraplanners prepare SoA implementation packs and implement advice to free up the financial planner and allow them to focus on more profitable tasks.

Why outsourced paraplanning services?

Beyond the main advantage of reduced costs of the paraplanner themselves, there are a number of advantages to outsourcing your paraplanning. A few of the main ones are as follows.

Better flexibility:

An outsourced paraplanning company enables you to enjoy more flexibility in your business. That is simply because they can quickly ramp up and down resources based on workloads. This is often not the case when it comes to in-house paraplanning.

Saving time:

Outsourced paraplanners have quick turnaround times as they can take full advantage of the time difference.

Saving money:

Outsourced paraplanning professionals can help you save your money in more ways than one. Unlike in-house paraplanners who have appraisals every year, costs with an outsourced paraplanning company are fixed and will only be negotiated once every few years.

Saving on overhead costs:

Apart from direct savings, outsourced paraplanners can also help you bring down your overhead costs as you will make significant savings in rent, staffing, IT, paid leave, etc.

A wider talent pool:

Outsourced paraplanning gives you greater access to a wider skill set. The team of paraplanners all possess different skills and are experts in different software something that may not be possible with an in-house paraplanner.

Reducing employee churn:

It is a better idea to outsource your paraplanning work because it makes it possible for you to steer clear of the hassles of training an employee who might just be using paraplanning as a stepping stone in their career. As most paraplanners are generally looking to become financial advisors, there is a high turnover rate that can be avoided with an outsourced paraplanning company.

At Valenta, we take the utmost care to address the varying needs of our clients and tailor our services to meet the client’s requirements. In addition to our team of experienced Outsourced Paraplanners, we also have dedicated professionals to help in financial planning administration tasks. We usually assign dedicated paraplanners and financial planning assistants who are then trained in the client’s business styles and processes making them an extension of our client’s team.