Category: Paraplanner
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ASIC Prioritizes Monitoring Offshore Outsourcing Risks in Financial Services
When the ASIC recently released its FY25 corporate plan, some were surprised to see “monitoring the use of offshore outsourcing arrangements” high on the regulator’s list of strategic priorities. Nestled among mainstay goals like improving consumer outcomes and driving consistency and transparency was the regulator’s plan to advance data security by enhancing business, cyber, and…
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Experts Stress Importance of Precise SoA Preparation in Finance
When it comes to preparing a Statement of Advice (SoA), the key lies in including only what is necessary. Effective communication between financial planners and paraplanners is crucial in this process. Rhett Das, the director of Integrity Compliance, emphasized the importance of understanding what the law requires in an SoA. Many financial planners overlook ASIC’s…
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Woman of the Year Linda Elkins Shines at Wealth Awards
A prestigious event, the Women in Wealth Awards 2024, celebrated the outstanding achievements of women in the financial industry. Linda Elkins, a distinguished figure in the superannuation sector and National Sector Leader at KPMG, emerged as the Woman of the Year, also clinching the Superannuation Professional of the Year award. Elkins’ advocacy for female super…
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Active Chartered Financial Planners Boost Team with Strategic Hires
Active Chartered Financial Planners recently announced new hires in their team, welcoming Craig Honeyman and Lauren Lee onboard. This move signifies a strategic step towards enhancing their advisory services and strengthening their paraplanning expertise. Smart Money Strategy: Your Ultimate Guide to Financial Planning | $25.93 Founded on the principles of sustainability, profitability, and client-centricity, Active…
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Regulatory Gap: Paraplanners Excluded from SMCR Oversight Raises Concerns
The Senior Managers and Certification Regime (SMCR) was established to mitigate risks posed by employees of advisory firms who have the potential to cause harm. Firms are required to conduct an annual certification process to ensure these employees are fit and proper for their roles. However, paraplanners are currently excluded from this process, despite their…
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Survey Reveals Vital Role of Paraplanners in Financial Advisory
Paraplanning plays a crucial role in the financial advice sector, contrary to common misconceptions that limit their responsibilities to drafting statements of advice. The Paraplanner Hub’s 2023 survey shed light on the diverse tasks paraplanners undertake, including SOAs, modelling, records of advice, research, and data entry. The Operational Excellence Library; Mastering Financial Planning Software |…
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Akambo Financial Planning Partners with Paraplanner.com Amid Rapid Growth
MELBOURNE, August 28, 2025 — Akambo Financial Planning has announced a strategic partnership with Paraplanner.com as the firm continues its strong growth trajectory and looks to strengthen adviser support across its expanding network. View More – https://www.paraplanner.com.au/akambo.html The move comes as Akambo experiences a surge in demand for financial advice, driven by heightened client expectations…
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Hybrid Paraplanner/Adviser Roles: A Career Stepping Stone
Hybrid paraplanner/adviser roles have become a topic of interest in the financial industry, sparking discussions on whether they offer a beneficial career move. These roles often provide a blend of responsibilities, allowing individuals to work from home on some days while still engaging in office-based tasks. For paraplanners eyeing a transition to becoming financial advisers,…
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New Financial Planning Apprenticeship Standard Elevates Industry Standards
A new combined apprenticeship standard for financial planning and paraplanning is set to be implemented, marking a significant development in the financial advice sector. The level four standard is designed to streamline the pathway into these professions by integrating core knowledge and occupation-specific models. This initiative, led by Tom Hegarty, chair of the New Talent…
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Career Paraplanners Transforming Financial Advising Landscape with Specialized Expertise
The rise of the ‘career paraplanner’ has seen a significant shift in the roles of financial advisers, with many professionals transitioning to this specialized field. This evolution has been driven by factors such as improved earning potential and expanded career opportunities, prompting a growing number of IFAs to make the switch. Becoming a Paraplanner: A…