Maximising Potential: Why Financial Advisors on the Gold Coast need Paraplanners?
If your business operates as a financial advisor on the Gold Coast, then providing the correct advice for your clients is vital. A big part of that service is producing for each client a Statement Of Advice (SOA), which sets out the advice being given and any information that is relevant to the advice. Producing an…
What is Xplan?
X-plan is a financial planning and wealth management software used by financial advisers, wealth managers and other professionals all around the country. Developed by Iress Limited, it’s often referred to as the backbone of advice practices. Xplan offers a complete and comprehensive solution to financial advice firms by taking care of the low-value work and…
What is an SOA and When do you Need One?
What is an SOA in Finance? A Statement Of Advice (SOA) is a legally binding, written document that sets out the financial recommendations that are given to a client by a financial advisor. It covers the client’s financial situation and sets out a financial plan that includes the client’s financial goals, possible investment strategies and…
Cybersecurity Tips and Tools for Financial Planners in 2023
The Importance of Cybersecurity Tools for Financial Planners Financial advisors and planners deal with and store confidential information that their clients provide. Having that information accessed by an unauthorised party can not only result in a financial loss for the client, but it will also cause severe reputational damage for the advisor and a consequent…
Guide to Filling Out Our SOA Request Form
How to Fill Out TNW Solutions SOA Request Form A Statement Of Advice (SOA) is one of the most important documents a financial advisor or planner prepares. It sets out the relationship between the advisor and a client, detailing the client’s financial situation, what the objectives are and how they will be achieved. It clearly…
What is a Paraplanner and What Do They Do?
What is a Paraplanner? A paraplanner performs a very important role in the financial industry and enables businesses to operate much more effectively. However, many people are unsure of the role and often wonder “What is paraplanning services?” Financial Advisor vs. Financial Paraplanner? Financial advisers work directly with clients and provide services that enable them…
5 Ways Paraplanners Can Help Financial Advisors Manage Their Time
Over time, financial advisors have realised that increasing amounts of time are being spent on administration duties and less time is available to spend with both existing and potential clients. This is where selecting a paraplanner can be advantageous. A paraplanner’s role, in short, is to offer support and to free up a financial advisor’s…