Outsourcing paraplanning
services to the Philippines


What is outsourced paraplanning?

Outsourcing paraplanning for financial planners involves sending the administration and research side of financial planning to someone who is external to your company, often overseas in locations such as the Philippines. 

An outsourced paraplanner would be involved in analysing and researching potential financial products for clients as well as managing the huge amount of compliance paperwork generated in a financial planning business. Financial planners are then able to focus on more complex planning requirements - working closely with clients to nurture trust and relationships while identifying their needs and objectives. 

Financial planners can expect significant cost savings and improved efficiencies as a result of outsourcing and will feel fully supported in their compliance needs by their offshore team members. Paraplanners can complete a range of tasks, including but not limited to:

  • Analysing client needs
  • Researching and recommending suitable financial products
  • Preparing financial reports
  • Invoicing clients
  • Updating client records
  • Meeting compliance requirements
  • Producing SOA and ROA documentation
  • Financial modelling
  • Insurance quoting.

Why do businesses outsource paraplanning offshore?

Financial planners are outsourcing paraplanning to offshore locations so that they can free up their time to nurture client relationships and generate new business. This has become especially important since new regulatory requirements were introduced in the finance sector. The administrative burden has become so large, that financial planners require much more assistance, before they can even consider generating more revenue and business.

By offshoring your administrative paraplanning tasks, you’ll have more time to meet with clients, building and nurturing relationships and trust. Getting to know your clients and understanding their needs is vital to creating financial plans that will work well for them.


What other finance job roles can be outsourced?

Beepo works with many businesses in the finance sector and provides support for a number of roles, in addition to paraplanning. These include:

What are the benefits of outsourcing paraplanning offshore?

Key benefits associated with outsourcing paraplanning to the Philippines include:

  • Efficiency increase

    By handing over transactional paraplanning tasks to the offshore team, you are providing your local team with the opportunity to take on more work. By distributing workload across your offshore and onshore teams, your businesses efficiency and productivity levels will increase.

  • Cost savings

    By hiring an outsourced team to assist your onshore departments with these paraplanning tasks for a fraction of the price, your organisation's overheads and staff costs will dramatically decrease, by up to 70%.

  • Increased employee satisfaction

    Paraplanning tasks can be quite tedious and time consuming. By handing over these repetitive jobs to your offshore team, you will see an increase in employee satisfaction as your onshore team will be able to focus on what they were initially hired to do.

  • Business growth

    By enabling additional capabilities through your offshore team, you will be able to provide your local employees with the capacity to take on more work. This in turn will lead to sustainable business growth.

What are the costs associated with outsourcing paraplanning?

Outsourcing your financial paraplanning to the Philippines can represent significant employment cost savings for your business of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything from infrastructure, security, management and recruitment, to training, IT, legal and staff benefits.

For more detailed information on costs, please arrange a business consultation so we can tailor a solution to suit your unique business needs.

The Beepo advantage

Based in Australia, Beepo is an outsourcing company that can offer businesses a serious competitive advantage through offshore staffing. We understand the struggle businesses are experiencing in finding and keeping staff who are hard working and dedicated. With a huge pool of talent based in the Philippines, we’re able to find qualified paraplanners ready and willing to assist your financial planning business. 

Our team will take care of recruiting, onboarding and managing your Philippines-based team members while you look after their workload and deadlines. What’s more, everything your staff members need is provided by us so that we can ensure quality output from the moment they begin working for you. 

Beepo’s qualified and skilled paraplanners will take the pressure off your business, by providing exceptional administrative support so that you can get on with nurturing and growing your financial planning business.

Interested in learning more about the outsourced solution we can provide for your business?