ParaPlanning opens shop in NSW
ParaPlanning Professionals, which claims to have pioneered the concept of contract paraplanning in Australia, has opened an office in New South Wales.
ParaPlanning Professionals has provided a range of services to advisers,
dealer groups and fund managers from Queensland since 1996. It now appears to be the largest and the only player in this burgeoning market that operates nationally.
State consultant Joanna Ryan says: "Two other companies have entered the market, but these operations tend to be localised. We know how many hours of contracting we do, but we do not know for the others. All I can say is that we have a significant proportion of the market.
"We believe that we are the only organisation offering such a wide range of
solutions specific to the financial planning industry."
ParaPlanning Professionals' services include industry training, contract paraplanning, dealer's licence applications and compliance, permanent and temporary recruitment and business consulting.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.

