Our Process and Service
Our ServiceTriage
We assess the viability of the advice against SJP advice guidance.
Paraplanning
We complete the case to a high quality that meets the advice guidance.
Paraplanning support
Paraplanning support is a service provided to financial planners and advisors to assist them in the preparation of financial plans and investment strategies for their clients. Paraplanners work closely with financial advisors and provide them with research, analysis, and technical support, helping them to create comprehensive financial plans that are tailored to their clients’ needs and goals.
The 5-Step Process
ProcessAverage between 6 and 8 weeks to gather all ceding information from an LOA stage (Will vary depending on provider)
Triage Stage
Step 1
Submit Your Case
We will then analyse your case and assign the case to a specialist paraplanner based on the complexity
Step 2
Send Letters of Authority
We will check ceding scheme information and gather any missing information, complete necessary checks
Step 3
Complete CYCs
Confirm with partner the CYC results and if the Pre-approval case can proceed
Paraplanning stage: Can be between 1 and 6 days (will vary depending on the quality of the CFR and clear advice)
Paraplanning Stage
Paraplanning Support
Our ServicesParaplanning support is a vital component of financial advisory services, providing essential behind-the-scenes assistance to financial planners and advisors. With a keen eye for detail and a thorough understanding of financial products and regulations, paraplanners meticulously analyse client data, conduct research, and prepare comprehensive reports and recommendations. Their expertise ensures that advisors can focus on delivering personalised strategies and solutions tailored to their clients’ needs, while also adhering to regulatory requirements. By collaborating closely with advisors, paraplanners help streamline the advisory process, ultimately enhancing the overall client experience and fostering long-term financial success.
Cash Flow Modelling
Our ServicesCash flow modelling in paraplanning plays a pivotal role in crafting sound financial strategies for clients. By meticulously examining income, expenses, investments, and other financial variables, paraplanners construct detailed projections that provide valuable insights into clients’ financial futures. These models enable advisors to assess various scenarios, anticipate potential challenges, and identify opportunities for optimisation. By leveraging advanced analytical tools and techniques, paraplanners ensure that clients receive tailored recommendations that prioritise financial stability and growth.
Annual review letters
Our ServicesAnnual review letters are an essential component of the paraplanning process, facilitating clear communication between financial advisors and their clients. These letters serve as a comprehensive recap of the client’s financial journey over the past year, highlighting key achievements, milestones, and any notable changes in their financial situation. Paraplanners meticulously review investment performance, asset allocation, and financial goals to provide clients with a thorough assessment of their progress. Additionally, annual review letters offer personalised recommendations for adjustments or strategies to optimise financial outcomes in the upcoming year.
LOA Chasing support
Our ServiceLOA (Letter of Authority) chasing support is a crucial aspect of paraplanning that ensures the smooth progression of financial advisory processes. Paraplanners undertake the responsibility of following up on outstanding LOAs from clients, liaising with relevant parties to expedite the retrieval of necessary documentation. Their diligent efforts help streamline administrative tasks, allowing financial advisors to focus on delivering high-quality service to their clients. By maintaining effective communication channels and employing tactful negotiation skills, paraplanners facilitate the timely acquisition of LOAs, thus minimising delays and ensuring seamless progression through the advisory workflow. This support function underscores the importance of efficient coordination in delivering exceptional client experiences within the financial services sector.