Author: Aneri Shah

A Statement of Advice (SOA) is a vital document that ensures transparency, compliance, and professionalism in financial planning. It outlines tailored financial strategies, product recommendations, risks, and costs while adhering to ASIC regulations. Paraplanners play a key role in SOA preparation, enabling financial advisers to provide structured, compliant, and client-focused advice efficiently. A well-crafted SOA enhances trust and clarity, making it an essential tool in the financial services industry.

Financial planners juggle strategy, compliance, and paperwork—but what if working smarter, not harder, was the key? BSG’s outsourced paraplanning streamlines financial planning with expert research, compliance checks, and documentation. Free up time, enhance accuracy, and focus on growth while we handle the details. Experience the power of seamless support and see real results!

Paraplanning plays a crucial role in financial planning, offering vital support with research, compliance, and report preparation. But should you choose in-house or outsourced paraplanning? This blog explores the advantages of outsourcing, including cost savings, access to skilled professionals, and flexibility, alongside potential challenges like data security and quality control. Discover how outsourcing paraplanning services can help your firm enhance efficiency, focus on client relationships, and scale seamlessly. Whether you’re considering options in Melbourne or Sydney, learn the key insights to make an informed decision.