Paraplanner VA
A senior paraplanner who prepares statements of advice, financial projections and product research for your licensed financial advisers, so each adviser spends more time with clients and less time building documents.
- Top 1% vetted talent
- No lock-in contracts
- Replacement guarantee
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Hourly rates · No lock-in contracts
Description
A Paraplanner VA prepares advice documents, financial projections and product research for licensed financial advisers. They can model retirement, investment and insurance scenarios, complete research and prepare implementation paperwork and review packs. Outsource Teams provides top 1% vetted talent with substantial paraplanning experience, no lock-in contracts and a replacement guarantee, while the client's licensed adviser reviews, presents and signs off all advice.
Responsibilities
- Prepare statements of advice, records of advice and review documents from the adviser's strategy notes.
- Model retirement, superannuation, investment and insurance scenarios in Xplan, AdviserLogic or Midwinter.
- Research products, platforms and insurance policies and prepare comparison tables.
- Complete fact finds, risk profiles and data entry from client meetings.
- Prepare implementation paperwork, application forms and portfolio switches for adviser approval.
- Draft client review packs with portfolio performance, fees and strategy updates.
- Check advice documents against compliance requirements and best-interest obligations.
- Maintain client records and workflow tasks in the practice CRM.
- Liaise with product providers to obtain policy and account information.
- Track advice document turnaround times and keep the adviser informed of delays.
Software & Tools
Requirements
- Over 5 years of paraplanning experience in an Australian, UK or US financial advice practice.
- Advanced user of Xplan, Midwinter, AdviserLogic or comparable planning software, plus Excel modelling.
- Relevant qualification such as an Advanced Diploma of Financial Planning, Diploma in Regulated Financial Planning or CFP progress.
- Solid understanding of superannuation, pensions, investments, insurance and the relevant regulation.
- Prepares documents for the client's licensed adviser, who reviews, presents and signs off all advice.
- Writes clear, plain-English advice documents that clients understand.
- Able to meet advice document deadlines from a home office with a reliable high-speed connection and backup power, working the practice's business hours.
Frequently Asked Questions
What can they prepare?
They can prepare statements of advice, records of advice, review documents, financial projections, product comparisons and implementation paperwork.
Can they conduct product research?
Yes. They can research products, platforms and insurance policies and prepare comparison tables for the adviser.
What systems can they use?
They can work with Xplan, Class, AdviserLogic, Microsoft Excel, Microsoft Word, Morningstar, MoneyGuidePro, eMoney, Intelliflo and Voyant.
Who signs off the advice?
The client's licensed adviser reviews, presents and signs off all advice prepared by the paraplanner.
How much does it cost?
Rates are listed in USD at $9 per hour for entry-level talent, $12 per hour for intermediate and $15 per hour for senior talent. Both full-time and part-time options are available.
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