Australia’s financial advice sector is at a critical juncture.
According to CPA Australia, the number of registered financial advisers has dropped from 26,500 in 2019 to just over 15,000 today and the trend shows no signs of slowing.
Regulatory complexity, cost burdens, and limited incentives for new entrants are all contributing to this decline.
But the demand for sound financial advice is only increasing, particularly as more Australians near retirement and face increasingly complex decisions around superannuation, tax, and investments. According to the Australian Bureau of Statistics, the number of Australians aged 85 and over is expected to double by 2042, surpassing one million. This ageing population highlights the urgent need for accessible, professional financial guidance.
Recent research by CoreData and Conexus Financial shows that without guidance, more Australians are turning to high-risk investments like crypto and real estate, potentially putting their retirement outcomes at risk.
At this point in time, existing advisors and the financial advice industry as a whole need more support than ever.
While regulatory reform is essential, there’s also a practical, immediate solution to help lighten the load: outsourcing paraplanning services.
Outsourcing Paraplanning: A Smarter Way to Stay Ahead
At H Connect International, we work closely with financial advisories across Australia to deliver high-quality paraplanning support that’s efficient, secure, and aligned to Australian standards.
Here’s how we help firms serve clients:
Australian-specific expertise: Our paraplanners are trained in and up to date with the latest Australian financial regulations across all states. We deliver tailored SOAs, ROAs, modelling, and compliance-aligned documentation that meet your standards.
Cost-effective scale: With up to 70% cost savings (inclusive of setup, infrastructure, and team benefits), we help you expand capacity without inflating costs, ideal in a time of rising talent shortages and tightening margins.
Trusted security: As a venture of the Hirdaramani Group, we operate under global security protocols, including ISO/IEC 27001:2022, the Global Data Protection Regulations, and compliance with the Australian Privacy Act, ensuring that client data is always protected.
Tech fluency: We’re proficient in tools like Xplan, Midwinter, Advisor Logic, and more. This translates to faster onboarding, seamless collaboration, and reduced training time for your offshore team.
Reliability & Continuity: With robust quality assurance and a business continuity plan tailored to your needs, you can count on consistent, audit-ready output, day in, day out.
Seamless Integration: Our “client-first” mindset ensures we adopt your culture, brand, and processes, acting as a true extension of your team.
The adviser shortage will not be solved overnight.
But firms can take steps now to safeguard their growth and client service quality by tapping into skilled, reliable paraplanning support.
At H Connect International, we’re already helping firms across Australia to scale sustainably, cut costs, and deliver better outcomes for their clients.
Contact us to learn more about how outsourcing paraplanning can help your firm manage this advisory shortage.
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