Category: Paraplanner
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Financial Industry Embraces Offshoring for Talent Management Solutions
Offshoring has become a topic of debate in the financial industry, with businesses exploring the option of hiring offshore talent to support advisers and enhance client services. While automation is praised for increasing efficiency, offshoring can be viewed as controversial and unpatriotic. However, as Australian businesses face challenges in finding local talent, many are turning…
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Paraplanning’s Rising Significance in Financial Services: Industry Insights
Paraplanning has evolved into a distinct profession, shedding its previous image as a mere steppingstone into financial planning. Carla Brown, managing director of Oakmere Wealth Management, emphasized this transformation during the Chartered Symposium hosted by St James’s Place (SJP). She highlighted the significant role paraplanners now play within the financial services sector, with many choosing…
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Financial Planning Industry Sees Surge in Associate Adviser Demand
The demand for associate advisers in the financial planning industry is on the rise as firms are reverting to the pre-Hayne royal commission model of mentorship and development plans for new entrants. This shift aims to address the increasing need for capacity to handle client referrals and new demands in the sector. Recruit 2 Advice,…
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W1M Wealth Management Enhances Private Wealth Team with Keith Sheehan
W1M Wealth Management has bolstered its private wealth team by welcoming Keith Sheehan as a wealth manager from RBC Brewin Dolphin. This strategic hire aligns with the firm’s expansion plans for its private wealth offerings, aiming to enhance its services and cater to a broader client base. The New Wealth Management: The Financial Advisor’s Guide…
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Essential SAO Guidance for Tax Compliance: HMRC Updates 2024
Senior Accounting Officer (SAO) guidance provided by HM Revenue & Customs outlines the responsibilities of a Senior Accounting Officer in ensuring accurate and complete tax returns for all companies. This guidance, updated as of October 2024, aims to support companies in complying with tax regulations effectively. Tax Strategies For Small Businesses: A Comprehensive Guide To…
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AZ NGA and Invest Blue Partner with VBP for Growth
Virtual Business Partners has secured a long-term capital partnership with AZ Next Generation Advisory (AZ NGA) and Invest Blue, marking a significant move in the financial advisory sector. The deal involves AZ NGA and Invest Blue jointly acquiring a 40% stake in VBP, while the management team will increase their ownership to 20%, with founders…
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Fair Work Case Reveals Risks of Offshore Contractor Engagement
A Queensland legal firm faced a contentious Fair Work case recently, involving their independent contractor based in the Philippines, Joanna Pascua. Pascua claimed unfair dismissal, arguing she was an employee despite working abroad. The firm, with less than 15 employees, contended that unfair dismissal rules did not apply to them. However, the Fair Work Commission…
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Study Reveals Age-Related Decline in Visual Processing Efficiency
Aging is a process associated with declines in various visual functions, including visual processing in the temporal domain. Understanding how visual processing changes throughout adulthood is crucial. A recent study recruited adults aged 20 to 70 years to investigate these changes. By manipulating stimulus onset asynchrony (SOA) of external noise masks, contrast thresholds in an…
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Midwinter Launches Paraplanning Partners Program for Enhanced Adviser Support
Midwinter Financial Services has recently introduced the Paraplanning Partners Program in collaboration with Scale Up Paraplanning, TNW Solutions, and Rocket Services. This initiative aims to offer advisers an integrated paraplanning solution by connecting them with skilled professionals trained in the Midwinter software. The program’s key feature is a unique paraplanning license that allows secure access…
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Paraplanner.com.au Emerging as Key Partner for Self-Licensed Advisers
In the complex world of financial advice, producing a compliant, high-quality Statement of Advice (SoA) is one of the biggest challenges for self-licensed advisers. Between staying up to date with regulations, meeting client expectations, ensuring disclosures are correct, and juggling client load — time is a scarce resource. This is where Paraplanner.com.au comes in, and…