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 why it’s become such a valuable partner for self-licensed advisers who want to maintain high standards without burning out.

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What Paraplanner.com.au Offers

Here are some of the standout features and services:

1. Outsourced SoA & ROA Preparation
   They prepare Statements of Advice (SoAs) and Records of Advice (RoAs) using your own templates or those of your licensee standards, for simple to complex advice scenarios.
2. Compliance & Regulatory Alignment
   Documents are produced with full regulatory alignment in mind. Compliance forms, disclosure statements, and vetting support are part of the offering.
3. Template & Strategy Text Resources
   They have a growing library of SoA, RoA, file note templates, strategy text wording and tailored templates for different software platforms (e.g. Xplan, AdviserLogic, COIN, Word-based templates). These options let advisers maintain consistency and professionalism.
4. Licensee-Specific Support
   For self-licensed advisers (or those operating under small licensees), Paraplanner understands that “one size fits all” doesn’t work. They work with different dealer groups, software platforms, and licensee policies to custom-tailor the SoA outputs.
5. Turnaround Time and Cost Efficiency
   With a dedicated on-shore Australian team, Paraplanner has worked on tens of thousands of SoAs over many years. They offer relatively fast turnarounds to reduce lag time between advice development and delivery.

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Why It’s Especially Good for Self-Licensed Advisers

Self-licensed advisers often face unique constraints:

• Regulatory responsibility: Since you’re relying on your own license, the obligations around ensuring each SoA is compliant and defensible are heavier. Mistakes in disclosures, strategy logic, or risk profiling can lead to serious regulatory or legal issues.
• Resource constraints: Without the backing of a big licensee or large support team, you may not have in-house paraplanners, extensive compliance officers, or access to a huge library of SoA templates and strategy texts.
• Need for cost control: Every hour you spend on SoA preparation is time not spent on client acquisition, planning strategy, business development, or reviews. Efficient SoA-preparation services help you stay competitive.

Paraplanner.com.au helps self-licensed advisers address all of those:

• By outsourcing much of the drafting, compliance checking, template creation, and strategy text work, you reduce the risk of oversight or error.
• Because they already have many templates, experience with many adviser software systems, and a vetting process, you don’t have to reinvent everything or recruit a big support team.
• Their pricing model (including per-hour or per-SoA models depending on need) and ability to scale up/down helps match your workflow without needing heavy fixed overheads.

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Potential Considerations

No solution is perfect, so it’s helpful to be aware of items to watch out for:

• Consistency in voice and style: Using an outsourced paraplanner means you’ll need to ensure the style, tone, assumptions, formatting and template usage match what you (and your clients) expect. Clear communication is essential.
• Data security & confidentiality: Always verify the security protocols in place when sharing client data. Paraplanner.com.au works on-shore and has practices around secure data handling, but you’ll want to ensure your own compliance standards are met.
• Turnaround expectations: Even with good providers, there are times when urgent or last-minute SoAs stretch turnaround. You’ll want to build in buffer time or communicate clearly around deadlines.
• Template fits & software compatibility: If your practice uses bespoke templates, or uncommon tools, you’ll want to confirm beforehand that the provider can fully support your set-up.

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Final Thoughts

For self-licensed advisers, partnering with Paraplanner.com.au can be a game-changer. It allows you to:

• Maintain high compliance and professional standards
• Reduce the burden of administrative and compliance work
• Free up your capacity to focus on client relationships, strategy, growth
• Keep costs more predictable and scalable

If you are looking to streamline your process of producing Statements of Advice without compromising quality, it’s worth exploring what Paraplanner.com.au can specifically do for your business. Even a trial or smaller-scale engagement can help you see whether their style and standards align with yours.