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Paraplanning Outsourcing

Professional and affordable outsourced paraplanning services for financial advisors and firms.
Outsourced Paraplanning Services
Outsourced Paraplanning Services

Why outsource your paraplanning?

Outsourcing your paraplanning is a strategic decision for financial advisory firms seeking operational efficiency and enhanced productivity. Outsourcing enables access to a pool of skilled and dedicated paraplanners who bring expertise in navigating complex financial regulations and market trends.

Additionally, outsourcing paraplanning can lead to cost savings, as it eliminates the need for extensive in-house training and infrastructure investments. Overall, choosing to outsource paraplanning services provides a streamlined approach to financial planning, fosters business agility, and allows firms to focus on delivering high-quality advisory services to their clients.

What befree offers as an outsourced paraplanning services provider

Our expertise and experience in paraplanning help us deliver the best possible support services, ranging from paraplanning to annual reviews and everything in between. Below is a brief overview of the solutions we offer for all your planning needs.
Outsourced Paraplanning Services

Administration

  • Software data updates
  • LOA chasing
  • Collating information from existing providers
  • Any other administrative tasks

Annual Reviews

  • Client's annual review
  • Up-to-date valuations

Research and Analysis

  • Cost comparisons
  • Portfolio analysis and fund research
  • CGT planning
  • Bond tax calculations
  • Pension carry forward calculations
  • Cash flow projection
  • IHT calculations
  • Annuity and protection research before recommendations

Suitability Reports

  • New investments and pensions reports
  • Bed and ISAs
  • Pension switch reports
  • Annuity reports
  • Protection reports
  • Fund to fund switch reports
  • EIS/VCT reports

How do we work with you?

Main Resource

  • Your primary point of contact
  • Handles day-to-day tasks and client communication

    • Back-Up Resource

  • Steps in seamlessly during the main resource's absence
  • Ensures uninterrupted services

    • Review Team Manager

  • Oversees tasks to eliminate minuscule errors
  • Monitors the team for timely delivery
  • Gather regular client feedback for maximum satisfaction

    • Paraplanning Services Process Flow

    Our outsourced paraplanning services model revolves around a collaborative team effort, providing you with a seamless experience. Here’s a summary of our service model:

    STEP 01
    Initial Consultation

    Understanding your firm's specific requirements and expectations

    STEP 02
    Task Assignment

    Allocating tasks to the main resource with clear instructions

    STEP 03
    Team Collaboration

    Leveraging the collaborative efforts of the main resource, backup resource, and review team manager

    STEP 04
    Continuous Communication

    Maintaining regular communication for updates and feedback

    STEP 05
    Quality Review

    Thoroughly reviewing each task before delivery to eliminate any errors

    STEP 06
    Client Feedback

    Gathering feedback from you to ensure maximum satisfaction

    STEP 07
    Ongoing Support

    Providing uninterrupted services, even in the absence of the main resource

    01

    Initial Consultation

    Understanding your firm’s specific requirements and expectations

    02

    Task Assignment

    Allocating tasks to the main resource with clear instructions

    03

    Team Collaboration

    Leveraging the collaborative efforts of the main resource, backup resource, and review team manager

    04

    Continuous Communication

    Maintaining regular communication for updates and feedback

    05

    Quality Review

    Thoroughly reviewing each task before delivery to eliminate any errors

    06

    Client Feedback

    Gathering feedback from you to ensure maximum satisfaction

    07

    Ongoing Support

    Providing uninterrupted services, even in the absence of the main resource

    The above process allows us to provide comprehensive and customised paraplanning outsourcing solutions tailored to the unique needs of your financial advisory firm.

    Our Outsourced Paraplanning Service Model

    Our outsourced paraplanning services model revolves around a collaborative team effort, providing you with a seamless experience. Here’s a summary of our service model:

    Main Resource

    Part time / Full time

    Committed Model

    Volume based

    Solutions

    • Weekly video calls with your team
    • Access to our highly intuitive workflow management portal
    • Access to UK paraplanners
    • Fixed annual fee
    • No holiday or training headaches

    We use the tools you use to provide Paraplanning Support

    Our paraplanners are experts in using all the major software and have many years of experience in working with major service providers and platforms in the UK. Here are
    some of them.

    11
    10
    09
    08
    07
    06
    04
    05
    03
    02
    01
    Defaqto
    Cashcalc
    Genevo
    Voyant
    Synaptic
    PPOL
    xplan

    How Do You Benefit

    Cost Savings and Efficiency

    Competitive pricing can save you up to 40% compared to in-house accounting, optimising resource allocation.

    Compliance Assurance

    befree's experts keep you compliant with evolving tax laws, minimising risks and penalties.

    Access to Specialised Expertise

    Our team of accounting experts guarantees accurate financial management, both domestically and internationally.

    Tailored Solutions

    We offer customised solutions and flexible pricing structures, designed to suit the specific needs of the business.

    Enhanced Focus on Core Activities

    Outsourcing eliminates staff-related concerns, allowing companies to focus on their core activities, with support from accounting experts.

    Efficient Workflow Management

    Our job portal provides real-time tracking, offering visibility into the progress of tasks and projects, which enhances collaboration and transparency.

    Data Security

    Your Data is Treated with the Utmost Care
    We are ISO 27001 certified, ensuring your data remains secure and compliant with local data protection regulations.

    Accreditations & Partnerships

    What Our Clients Say

    I've used an outsourced back-office model for years but was unsure of what I needed for this particular function. befree supported me in achieving the outcomes I wanted. Their engagement assured me they'd be there when needed, and the team has been great to work with. I look forward to a long and prosperous relationship, with even greater efficiency and volume. I highly recommend befree for their commitment and support.

    Viral P Financial Planner & Independent Financial Adviser

    I first heard of befree when I was contacted by telephone. I had been considering making use of some form of paraplanning service but didn’t know how to proceed. I was concerned that it would be difficult to liaise with an outsourced service.

    The people I spoke with - Allan Edward, Vedprakash Mishra and Himanshu Gaekwad – reassured me that there would be unlikely to be any issues they had not already seen with other IFAs and we got to work. I liked the non-committal nature of befree’s services – that I could take them on a part-time basis, and without long-term commitment. Everyone was very professional and helpful. They’ve enabled me to service more clients than would otherwise have been possible, saving me invaluable time in preparing client review packs. I’ll look forward to expanding the services I use from them in the future.

    Tristan B Independent Financial Adviser

    Improve Efficiency and Increase Profit Margins

    Talk to us today

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