10 tips for developing a Statement of Advice

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Paraplanners have a tough task: consistently create SoAs which tick all the boxes from an adviser satisfaction, client engagement and compliance point of view. Balance complexity with compliance, templates with personalisation, financial literacy with reasonable basis and best interest and time constraints with quality and efficiency. Here are a few simple tips which can assist

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27 Mar 2013

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2013 – with change comes opportunity

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2013 is expected to be an interesting year for the financial planning profession with anticipated changes to revenue models, licensing, advice processes and potentially business models. Among these changes there are likely to be a number of key elements that will impact paraplanners and the advice process in 2013. Here are my top four predictions:

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22 Jan 2013

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Paraplanning – How to get outsourcing to work for your business

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As the number of outsourced paraplanning service providers in the market increases, so too do the options available to Financial Planning businesses to find a solution that works best for their business. It would be fair to say that many businesses who are looking to outsource may be doing so purely on the basis of

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04 Dec 2012

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10 steps to find the right paraplanning mix for your business

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As we head toward 2013, many advisers may be taking some time to review their business plan, their business goals and the business’s resourcing requirements.  Paraplanning is a vital, yet often confusing part of the business to resource – is it better to outsource or is it better to undertake the function in-house?  Given that

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12 Nov 2012

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How long does it take to write a Statement of Advice

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Having met a lot of advisers, the question “how long does it take you to do a Statement of Advice?” is still one which perplexes me. It’s like asking “how long is a piece of string?” without ever having seen the piece of string and unfortunately can show a lack of understanding by the adviser

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24 Oct 2012

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Finding the right paraplanner for your business

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To be able to attract, develop and retain the right paraplanning staff for your business it’s crucial first to fully understand what paraplanning is as well as the different types of paraplanning roles within the industry. The Collins English Dictionary defines a paraplanner as “a person who assists a financial planner, especially in compiling reports

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04 Oct 2012

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