Midwinter announces paraplanning program

30 August 2023
| By Rhea Nath |
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Following a successful pilot phase, Midwinter has partnered with three paraplanning firms to create an integrated paraplanning solution for advisers.

Its Paraplanning Partners Program will connect Midwinter’s clients with a network of highly skilled paraplanning professionals trained in the Midwinter software to enable collaboration and efficient delivery of paraplanning and administrative services.

The inaugural members of the program are TNW Solutions, an Australian-based business offering nationwide paraplanning services; Rocket Services, which creates, sources and connects expertise offshore to deliver seamless support to clients; and Scale Up Paraplanning, an Australian-based back-office service provider that delivers outsourced paraplanning, admin/research and practice consulting services.

According to Midwinter, a key feature of the program is the unique paraplanning licence that streamlines how paraplanners access specified client records through the Midwinter financial advice software. With advice firms able to tap into this expertise and additional resource pool when needed, it is expected to facilitate seamless delivery of external paraplanning and administrative services.

Midwinter’s head of advice sales, Stacey Cowan, said the firm is thrilled to partner with leading paraplanning providers to create a holistic offering to advisers. 

“With the support of our trusted paraplanners, advice businesses can confidently embrace Midwinter and focus on what matters most – their clients,” she stated. 

Last year, Midwinter integrated with estate planning platform, Inherit Australia, to connect financial advisers and lawyers.

This allowed advisers using Midwinter’s financial advice software to pull their client data into Inherit Australia and offer them a new potential income stream.

The software used robotics to replicate questions used by an estate planning lawyer to help advisers navigate the estate planning conversations with clients, allowing them to collect data without offering legal advice.

It also eliminated the need for double data-handling while ensuring the security of client data.
 

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