Unlock Greater Efficiency and Cost Savings by Outsourcing Your Paraplanning and Administration

In today’s fast-paced financial services landscape, efficiency and cost-effectiveness are crucial. Many financial planning practises, especially smaller ones, face challenges when it comes to managing in-house paraplanning and administration. Outsourcing these functions can provide significant benefits that help your business thrive without the added strain of managing full-time employees.

Why Outsource to Plans Plus?

For small and medium-sized financial planning practises, hiring a full-time paraplanner or administrative staff member can be costly. The financial burden goes beyond just wages — you also need to factor in additional expenses such as:
• Superannuation
• Payroll tax
• Training and development costs
• Office space, equipment, and utilities
• Ongoing employee management

With these overheads, the cost of employing a full-time paraplanner can become deceptively high. On top of this, many in-house paraplanners spend less than 100% of their time on client-related tasks. Much of their time is consumed by other non-productive activities like:
• Answering client phone calls
• Product research
• Administrative duties
• Managing annual leave, sick leave, and other time off

By outsourcing paraplanning and back-office tasks to Plans Plus, your practise can eliminate these costs and inefficiencies, freeing up time to focus on growth and client relationships.

Maximise Productivity and Minimise Disruptions

In-house paraplanners often have aspirations to transition into a financial planning role, which can lead to turnover and disruption within your practise. Finding a competent replacement can be challenging, especially in the short term.
By partnering with Plans Plus, you gain access to a dedicated team of experienced paraplanners who are ready to step in whenever you need them. We help reduce your practise’s reliance on in-house staff while ensuring that your paraplanning tasks are handled promptly and professionally.

Whether you need help with:
• Statement/Record of Advice (SoA/RoA) preparation
• Back-office administrative support
• Overflow during peak periods or staff absences

We have the expertise to meet your needs with minimal hassle.

Benefits of Outsourcing with Plans Plus

✔ Cost Savings: You save on the hidden costs of employing in-house staff (superannuation, sick leave, payroll tax, etc.)
✔ Increased Productivity: Your paraplanners will focus on client work, while we handle the administrative tasks, increasing overall business efficiency.
✔ Access to Expertise: Our team consists of highly skilled paraplanners with extensive experience in the financial planning industry, offering you a level of expertise that may be difficult to maintain in-house.
✔ Scalability: We offer flexible solutions that can scale with your business, giving you the capacity to take on more clients without the need for additional full-time hires.
✔ No HR Hassles: We take care of all employee-related issues, allowing you to focus on managing and growing your practise.

Ready to Improve Your Practise’s Efficiency?

Outsourcing to Plans Plus means more time for your financial planning practise to focus on what truly matters. Let us handle the heavy lifting of paraplanning and administration so you can concentrate on client relationships and growing your business.
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