Paraplanning Services

Increased regulation in the Financial Planning industry has seen a dramatic increase in the administrative burden that Advisers now need to contend with. Outsourcing your Paraplanning can help free up time to do what you do best, increase your revenue by spending time in front of your clients.

KLM Strategic Solutions was established to give back TIME.

Every Adviser is different in the language and detail they want in their advice documents. With this in mind, it is important that the advice documents provided still represent you and are not a processed driven document.The ‘value add’ of KLM Strategic Solutions is our experience in the industry and understanding of the technicalities behind each individual plan, ensuring clients objectives are met, the advice is relevant and importantly, compliant.

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Administrative Support

 

With many years experience working with small business owners, KLM Strategic Solutions has uncovered the increasing need of administration support. With the time constraints now more prevalent due to increasing compliance burdens, Advisers are spending a significant amount of time completing non-income deriving tasks such as filling in application forms, chasing up rollovers and obtaining underwriting requirements, that opportunities to see out new clients is dwindling. KLM Strategic Solutions was established to give back TIME.

Data entry:

  • Fact Find data entry and updating.

Third Party Authorities

  • Lodgement of TPA’s with relevant providers.
  • Completion of Data Collection Forms.
  • Data update in XPLAN.

SOA Preparation:

  • Completion of the relevant forms and documents as outlined in the Statement of Advice.

SOA Implementation:

  • Lodgement of application forms with insurers, superannuation providers and/or investment managers.
  • Lodgement and follow up of rollovers.
  • Transactions as per SOA.
  • Underwriting follow up and liaison with clients.
  • Cancellation of existing insurance cover.

XPLAN Assistance

  • Establishment of superannuation, investment and insurance data feeds.
  • Reporting.
  • Template updating services.

Client payment follow up

  • Invoice follow up.
  • Insurance premium dishonour follow up.

FDS

  • Send off and follow up of FDS documents.
  • Updating of dates in XPLAN.

Client Appointment Scheduling

  • We utilise XPLAN to book appointments with your clients.

Review Preparation & Implementation

  • Portfolio Valuation Reports.
  • Checking of beneficiary statuses.
  • Current Asset Allocation and suggested investment switches (if applicable).
  • Generation of Review Fact Find.
  • “Future Considerations” as stated in previous SOA.
  • Implementation of reviews.

Claims assistance

  • Obtain all necessary claim forms.
  • Completion of client details.
  • Lodgement with insurer.
  • Follow up with insurer.
  • Ongoing liaison with adviser.

Centrelink assistance

  • Obtain relevant forms.
  • Completion of Centrelink forms
  • Lodgement and follow up of forms.
  • Ongoing liaison with adviser.
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Practice Development

 

Most financial planning practices are seeking to increase the revenue of their practice. The Practice Development service offered by KLM Strategic Solutions aims to look at the advising and referral procedures currently in place and seek to help you maximise these opportunities. We will sit down with you to establish a clear understanding of what you are wanting to achieve and assist you in networking and implementing new income deriving services. The Practice Development service aims to provide you the tools to increase your current client base and expand your service offering, resulting in an increase in revenue.

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