Running paraplanning in-house feels efficient – until hidden costs start to appear. From overtime hours and compliance rework to missed opportunities for client growth, the real price of internal paraplanning can quietly erode profitability. Here’s where those costs hide – and how outsourcing helps advisers regain control.
1. Staff Time and Opportunity Cost
Every SOA created internally takes your team away from high-value tasks like client reviews and strategy work. When advisers or support staff double as paraplanners, the true cost isn’t wages – it’s lost productivity.
2. Training and Retention Expenses
Recruiting and training paraplanners is expensive – and turnover compounds the issue. Outsourcing gives you instant access to qualified professionals without ongoing hiring or upskilling costs.
3. Workflow Bottlenecks and Burnout
Internal capacity often peaks at the worst times – quarter-end reviews, EOFY, compliance audits. Outsourcing adds scalable bandwidth when demand spikes, keeping delivery consistent and your staff fresh.
4. Compliance Rework and Risk
Even the best in-house team can miss an update. Dedicated outsourced paraplanners live and breathe compliance, ensuring SOAs meet licensee and ASIC requirements before you see them.
5. Lost Growth Momentum
If advisers spend more time in Word than with clients, growth slows. Outsourced paraplanning restores focus – so you can scale advice delivery while maintaining quality and turnaround speed.
Bringing It Together
In-house paraplanning has value, but the hidden costs add up. Partnering with an experienced team like One Degree Paraplanning converts fixed admin costs into flexible, scalable support – helping advisers protect profits and deliver better client outcomes.
