Since the growth of the financial planning industry in Australia, there has been a need for paraplanning.
It was often assumed that paraplanner came into the role from an office administration role within financial services and then worked their way up into a paraplanner, then a financial adviser / financial planner.
With the ability to work remotely, cloud-based software solutions and more flexible employers, outsourced paraplanning has become more widespread and adopted by many financial planning companies & dealer groups.
Businesses such as Paraplanner, with a large network of paraplanners, has been able to grow over the last 10 years as they adopt best practice for their outsourced paraplanning divisions. It is no longer paraplanning from home as a hobby or second-income, the current environment for paraplanning involves document automation, paraplanning compliance & excellent turnaround times.
Having many years of experience is what counts when working on paraplanning contracts in Australia and many dealer groups are looking to change how they operate their paraplanning departments.