A Queensland-based paraplanning business, Contract Paraplanning Services (CPS), has recently undergone a change in ownership, with two new owners taking the reins to drive the company towards further expansion. Founded by Hayley Knight in Cairns in 2013, CPS specializes in providing outsourced paraplanning services on a contracted basis, allowing financial advisors to streamline their administrative tasks and focus more on client interactions and business development.

The new owners, Clinton Weekes and Chloe Weekes, have assumed leadership roles as CEO and COO, respectively, with a vision to propel the business into a phase of growth and innovation. Clinton Weekes brings a wealth of experience in the financial advisory sector, having worked as a paraplanner and financial planner for several years. Chloe Weekes complements this with her extensive background in client service management, acquired through various roles in the industry.

The acquisition marks a significant milestone for CPS, as the new owners aim to maintain the high standards of service the business is known for while introducing fresh strategies to enhance its offerings. Both Clinton and Chloe Weekes expressed their enthusiasm for the opportunity to lead CPS into a new chapter of success, leveraging their expertise to deliver enhanced value to clients.

In a recent interview, Hayley Knight emphasized the misconception surrounding paraplanners’ qualifications compared to financial advisors, highlighting the equivalent technical knowledge they possess. She noted that paraplanners often have a comprehensive understanding of both financial concepts and operational processes, debunking the myth of their inferior qualifications.

Research from the 2023 Australian Paraplanner Survey indicated that a significant majority of paraplanners, at 79%, are content in their current roles and do not aspire to become financial advisors. This data underscores the satisfaction and fulfillment that paraplanners derive from their positions, showcasing the depth of expertise and dedication they bring to the financial services industry.

The acquisition of CPS by the new owners signifies a strategic move to capitalize on the growing demand for specialized paraplanning services in Queensland. With a blend of industry knowledge and client-centric focus, Clinton and Chloe Weekes are poised to steer CPS towards sustained growth and success, ensuring that the business continues to meet and exceed the expectations of its clientele while embracing innovation and evolution in the dynamic financial planning landscape.