Outsourced paraplanning provider Outplan has partnered with COIN to launch a training course for paraplanners, which would mainly focus on developing skills around the effective production of Statements of Advice (SoA).
The course, called Paraplanning Fundamentals, will teach entry-level paraplanners about strategies around super and non-super investments, transition to retirement and insurance.
Paraplanning Fundamentals would also provide guidance on how to construct a portfolio, along with the importance of Approved Product Lists and Product Disclosure Statements.
COIN head of product and technology Robert McCabe, who helped develop the technology for the course, said the shortage of paraplanners was a well-known issue.
“Paraplanners are in high demand among financial planning practices in Australia and it is vital that when practices take on paraplanners, they can be confident the right skills are in place to develop comprehensive SoAs,” McCabe said.
Course content had been developed in consultation with financial advisers, paraplanners, industry forums and COIN’s training and relationship managers. It was designed to complement existing industry accreditation courses for paraplanners.
