Everything you need to know about our paraplanning staffing support
1. What jobs can we do
We do all paraplanning duties expected of a Senior paraplanner. This includes advice strategy research, modelling and writing.
2. What software do we work with
We work with Xplan, Adviser Logic, Plutosoft, Midwinter and Advice Intelligence.
3. How we complete your work
You send us your strategy paper, we formulate the advice areas on our strategy confirmation document, you confirm each section of the document, we draft the advice document and you review it.
4. How to communicate with the team
You can get set up on the Felcorp App and send our team chat messages and schedule video calls to get the work completed to your exact instructions.
5. What our fees are
Our fees range from $4,000 - $5,000 per month including GST depending upon level of candidate experience and volume of staff with Felcorp.
6. How the contract works
Intial 3 month set up period then reverts to a month to month. Staff work full time 9am to 6pm Monday to Friday (India Standard Time) amounting to 160 productive hours per month.
Retirement Planning | Investment & Debt | Insurance |
---|---|---|
✓ Accumulation super funds | ✓ Investment bonds | ✓ Life |
✓ Defined benefit super funds | ✓ Retail platforms | ✓ TPD |
✓ Pension and annuities | ✓ Debt recycling | ✓ Income Protection |
✓ Centrelink age pensions | ✓ Reverse mortgages | ✓ Trauma |
✓ Projection modelling | ✓ Equity release | ✓ Needs analysis |
1. Send us your strategy paper or file note
We do not require paraplanning requests. We ask you to please send us your strategy paper or file note that briefly outlines the strategies, the reasoning behind them and the model investment portfolios you want to use.
2. We review the strategy and prepare a detailed strategy confirmation document
Once we've received the strategy paper, we prepare our strategy confirmation document. Essentially, this document is a barebones SoA that includes all the strategies that will be prepared in the SoA , what the core reasoning is and other key components such as projection assumptions and values. We ask you to confirm each section of our document as this is the content of the final advice document.
3. You confirm strategy document and we commence document preparation
After you have signed off on the confirmation document, we then prepare the advice document and submit you the draft. From time to time there are minor amendments to be made. Rarely, do we have to re-generate an advice document unless the client circumstances have changed.
More details:
Our clients have said that paraplanning requests are time-consuming. By the end of writing everything in, they could have written the SoA themselves.
Our strategy confirmation notes are designed to be approved within 15 minutes.
We ask that when formulating strategies you give us valid reasoning so when can easily justify the advice.
Jobs usually take 1-3 business days to be finalized. Sometimes longer for larger or more complex advice modeling.
Using the Felcorp App for daily communication:
For everyday communication, we recommend utilising the Felcorp Support app as our team leaders and senior managers are included in the workflow discussions to ensure timelines and quality controls are adhered to.
Using your preferred communication platform:
If you have your own preferred communication system such as Microsoft teams or Slack, we can bring our staff into your communication environment.
Price includes GST. Fees are in AUD.
Volume discounts available.
Full time paraplanning staff between 3-5 years applicable Australian experience allocated directly into your practice.
Price includes GST. Fees are in AUD.
Volume discounts available.
Full time paraplanning staff between 6-10 years applicable Australian experience allocated directly into your practice.
How the contract works:
1. Our contract has an initial 3 month set up period then it reverts to a month to month agreement. Simply, if you wish to part ways with us for any reason, give us 1 month's notice.
2. As it is month-to-month, you can scale up or scale down additional staff without hesitation or retribution.
3. Full time staff work 9am to 6pm Monday to Friday (India Standard Time) amounting to 45 productive hours per week.
4. 30 day notice of termination of service.
Find out how to get set up, allocate first jobs and communicate to the Felcorp team through the Felcorp App
Felcorp Support is an independent outsourcing staff supplier. All staff are employees of Felcorp Support and are not affiliated or in partnership with any other business outside the Felcorp Group. We do not have any professional services licences or registrations and never purport to have any of these professional registrations.