Category: Paraplanner
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FCA Reveals Financial Advisers’ Average Hourly Fees and Revenue
The Financial Conduct Authority (FCA) recently unveiled insights into how financial advisers charge their clients. The FCA’s data bulletin shed light on the average hourly fees charged by advisers, ranging from £150 to £195. This data was derived from retail intermediation firms, including financial advisers, mortgage brokers, and insurance brokers, marking the first time such…
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Financial Planners’ Salaries Stagnant in Australia, Benefits Gain Focus
Financial planners’ salaries in Australia have largely remained stagnant, according to Hays’ latest salary guide. The survey of over 8,800 professionals in Australia and New Zealand revealed that salaries across various financial planning roles have seen little to no increase. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New…
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Yoke Launches Advanced Outsourced Office for Financial Advisers
Yoke, formerly known as eparaplan, has introduced a new outsourced office tailored for financial advisers, marking a significant shift in its service offerings. The rebranding aligns with Yoke’s expanded role as a comprehensive operational partner for advisers and planners, extending beyond traditional paraplanning support. Yoke’s revamped identity underscores its commitment to integrating people, processes, and…
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Financial Advice Industry at Crossroads: Embracing Fiduciary Duty Reform
Amidst discussions around the Quality of Advice Review (QAR) recommendation to transition from the “Best Interests Duty” to a duty of providing “good advice”, the financial advice industry finds itself at a pivotal juncture. The QAR critique of the current Best Interests Duty (BID) sheds light on the complexities and burdensome regulatory environment faced by…
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Innovative OpenRewrite Tool Revolutionizes Application Modernization Efforts
Refactoring applications is a critical task in the ever-evolving landscape of software development. Updating an organization’s application estate, especially when transitioning between different technologies, is essential for security and efficiency. Jonathan Schneider, CEO of Moderne and developer of OpenRewrite, has innovated an open-source auto-refactoring tool to address such challenges. The Operational Excellence Library; Mastering Application…
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ZippedScript Transforms Education Verification, Setting New Industry Standard
The background check industry has long been characterized by a façade of modernity, masking outdated processes and inefficiencies. While some companies invest in appearances, the reliance on manual processes and third-party vendors remains a significant issue. Education verification, in particular, has been a slow and costly component of background checks, often taking weeks to complete…
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Empower Your Financial Future: The Importance of Seeking Advice
Financial advice plays a crucial role in helping individuals navigate their financial decisions, especially as basic financial literacy has been declining in Australia. Surveys indicate that a significant portion of adults lack financial literacy, making it challenging for them to grasp fundamental concepts like interest and inflation. Vanguard’s How Australia Retires 2025 report highlighted the…
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ASIC Warns Financial Firms on Offshore Service Risks
Financial advice licensees have been cautioned by ASIC regarding the use of offshore services, despite their cost-effectiveness. Following a review of 10 licensees utilizing offshore service providers (OSPs), ASIC identified vulnerabilities that could jeopardize consumers and investors. These OSPs encompass various services such as financial planning assistance, administrative support, paraplanning solutions, and client communications. Offshore…
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Openwork Launches Graduate Recruitment Drive for CRM Technology Transition
Openwork, a financial advice network, is embarking on a recruitment drive for graduate trainees to assist advice firms in transitioning to a new customer relationship management system called ConcertHub. The network aims to bring on board 25 graduates who will play a crucial role in supporting existing advice firms as they adopt this new technology.…
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Paraplanning: Key Skills Propel Diverse Career Opportunities
Paraplanning roles have evolved significantly over the years, offering more than just a pathway to financial advising. It has become a career in itself, providing opportunities for skill development and growth within the financial services sector. Transferable skills, such as technical expertise and analytical capabilities, are at the core of paraplanning roles, allowing individuals to…