Outsourced Financial Planning for RIAs
You set the strategy. We build the plan.
Paraplan OnDemand provides outsourced financial
planning services for Registered Investment Advisors
(RIAs), independent financial advisors, and financial
planning firms that need professional planning support
without expanding their internal staff.
We prepare financial plans, retirement projections,
cash flow analyses, and planning scenarios using
eMoney and RightCapital. Our work is
delivered directly to your firm for review, allowing
you to focus on client relationships, recommendations,
and business development.
Whether you need assistance with a single comprehensive
plan, a backlog of client cases, or additional analytical
support, our project-based services are designed to fit
your existing planning process.
Schedule a 30-Minute Introductory Call
What Is Outsourced Financial Planning for RIAs?
Outsourced financial planning allows an RIA to delegate
financial plan construction and supporting analysis to
an external planning professional while retaining
responsibility for the client relationship.
Instead of preparing every financial plan internally,
advisors can outsource the underlying work, including
data organization, financial projections, scenario
modeling, and report preparation.
At Paraplan OnDemand, our role is focused on the
analytical and technical components of financial
planning.
Your firm remains responsible for all final
recommendations, client communications, and
implementation decisions.
This structure allows advisors to obtain planning
support without transferring the advisory relationship
or relinquishing control over their planning strategy.
What Financial Planning Services Can RIAs Outsource?
Paraplan OnDemand offers multiple levels of financial
planning support, from straightforward data entry to
more comprehensive financial planning engagements.
Financial Plan Preparation
We prepare financial plans in eMoney or RightCapital
using the client information, objectives, and assumptions
supplied by your firm.
Depending on the agreed scope, services may include:
- Client data entry and financial information organization
- Balance sheet and cash flow development
- Retirement income projections
- Financial planning assumptions and scenario construction
- Plan updates and revisions
- Preparation of advisor-ready planning reports
Completed materials are provided to your firm for review
before presentation to the client.
Retirement and Cash Flow Analysis
Retirement planning often requires evaluating multiple
assumptions and comparing potential outcomes.
We support advisors by preparing analyses involving
retirement timing, income needs, withdrawal scenarios,
projected cash flows, and the sustainability of
financial plans.
These projections provide analytical support for your
firm’s planning discussions and recommendations.
Tax-Aware Planning and Scenario Modeling
Financial decisions frequently involve interactions
between taxes, retirement distributions, investment
accounts, and long-term financial goals.
Depending on the engagement, we can prepare supporting
analyses involving:
- Roth conversion scenarios
- Social Security claiming strategies
- Tax-efficient retirement distribution modeling
- Stock option planning scenarios
- Alternative retirement and cash flow assumptions
- Other custom planning questions
Tax-related modeling is provided for the advisor’s
review and does not constitute tax preparation or
direct tax advice to retail clients.
Comprehensive Financial Planning Support
For more complex client situations, we can help develop
plans incorporating retirement, investment, insurance,
estate, and tax-related planning considerations.
The scope is established with your firm before work
begins, allowing you to determine which analyses and
deliverables are appropriate for each case.
Financial Planning Software: eMoney and RightCapital
Paraplan OnDemand prepares financial plans using
eMoney and RightCapital, two established
platforms used by financial planning professionals.
We maintain our own software subscriptions, allowing
us to prepare plans without requiring every advisor to
obtain an additional planning software license for
our work.
We work from the client information and planning
assumptions your firm provides, using the platform
selected for the engagement.
Deliverables can include financial planning reports,
scenario comparisons, retirement projections, and
presentation-ready materials, depending on the
agreed scope.
For examples of the reports and analyses we prepare,
visit our
Sample Financial Planning Deliverables
page.
When Does Outsourcing Financial Planning Make Sense?
Outsourced financial planning may be useful for RIAs
that have the expertise to advise clients but need
additional capacity to prepare plans.
Periods of Increased Planning Demand
Several new client engagements or annual reviews may
create more planning work than your existing staff
can comfortably handle.
Complex Client Cases
A financial plan involving multiple retirement
scenarios, Roth conversions, or other advanced
analyses may require substantial preparation time.
Temporary Staffing Gaps
Outsourced support can help maintain planning activity
while an employee is on leave, during a hiring process,
or through a business transition.
Inconsistent Planning Workloads
When the number of financial plans fluctuates,
project-based support allows an advisor to obtain
assistance for individual engagements rather than
maintain additional full-time planning capacity.
Outsourcing is not necessarily the best solution for
every firm. Advisors with consistently high planning
volume and established internal teams may prefer
dedicated in-house support.
Paraplan OnDemand is designed for firms that value
the flexibility to outsource planning work when
additional resources are needed.
How Our Outsourced Financial Planning Process Works
Our process is designed around collaboration,
clearly defined responsibilities, and advisor review.
Step 1: Submit the Planning Request
Your firm provides the available client information,
planning objectives, and requested analyses.
We review the requirements and establish the scope,
fee, and expected timeline before beginning the
engagement.
Step 2: Financial Plan Construction
We organize the financial information, build the
planning model, prepare projections, and perform
the analyses included in the agreed scope.
Any material missing information or assumptions
requiring clarification can be flagged for your review.
Step 3: Advisor Review
The completed financial plan and supporting materials
are delivered to your firm.
You review the assumptions, evaluate the analytical
findings, and determine which planning strategies
and recommendations are appropriate for your client.
Step 4: Final Deliverables
We address agreed-upon revisions and prepare the
final materials for your firm’s use.
Your firm remains responsible for presenting the
plan, communicating recommendations, and
implementing any resulting decisions.
Why Work With Paraplan OnDemand?
Financial Planning Experience
Paraplan OnDemand was founded by David Cawley, CFP®,
a financial planning professional with experience
across multiple financial institutions.
Our approach emphasizes careful plan construction,
thoughtful analysis, and deliverables that fit how
financial advisors work with clients.
Project-Based Flexibility
Not every firm needs a full-time paraplanner or a
permanent outsourcing arrangement.
We offer individual planning engagements, allowing
advisors to request support based on the complexity
and frequency of their planning needs.
Advisor-Focused Deliverables
Our reports and analyses are prepared for financial
advisors, not delivered as independent recommendations
to retail clients.
You retain control over your firm’s planning approach,
client relationships, and final recommendations.
Confidentiality and Data Handling
Financial planning often requires access to sensitive
client information.
We use reasonable safeguards and access controls
when handling information provided by advisors.
Client data is used to perform the agreed services,
subject to applicable contractual, privacy, and
recordkeeping requirements.
You can review our
Privacy Policy
for additional information about our data-handling
practices.
Frequently Asked Questions About Outsourced Financial Planning for RIAs
Can an RIA outsource financial plan preparation?
Yes. RIAs can engage external providers for financial
plan preparation and analytical support, subject to
their applicable regulatory, privacy, supervision,
and vendor oversight obligations.
The advisor remains responsible for reviewing the
work and fulfilling its obligations to clients.
Does Paraplan OnDemand provide financial advice directly to our clients?
No. Paraplan OnDemand provides financial planning
and analytical support to advisory firms. We do not
establish direct advisory relationships with your
retail clients through these engagements.
The advisor retains responsibility for final
recommendations, client communications, and
implementation.
Do I need my own eMoney or RightCapital subscription?
Not necessarily. Paraplan OnDemand maintains its
own eMoney and RightCapital subscriptions and can
prepare planning deliverables using those platforms.
Software access, file-sharing arrangements, and
deliverable formats are confirmed for each engagement.
Can I outsource just one financial plan?
Yes. Paraplan OnDemand offers project-based financial
planning support, including individual financial
plan engagements.
You do not need to commit to an ongoing staffing
arrangement to request a single planning project.
How much does outsourced financial planning cost?
Pricing depends on the level of planning support,
complexity of the case, and any additional
analyses requested.
Paraplan OnDemand offers defined service levels,
including data entry, foundational financial planning,
comprehensive planning, and optional analyses.
The scope and applicable fee are agreed upon
before work begins. Visit our
Services Page
for more information.
How long does it take to complete an outsourced financial plan?
Turnaround depends on the complexity of the engagement,
the completeness of the client information, the number
of requested scenarios, and current workload.
An expected timeline is established when the project
scope is confirmed.
Who reviews the financial plan before the client sees it?
Your advisory firm reviews the completed plan,
assumptions, and supporting analyses before
presenting the information to the client.
Paraplan OnDemand prepares the underlying analytical
work, while your firm determines the final advice
and recommendations.
Get Financial Planning Support for Your RIA
Spend more time advising clients and less time
constructing financial plans.
Whether you need assistance with a single case or
additional support for your planning workflow,
Paraplan OnDemand can help prepare the financial
planning materials your firm needs.
Schedule a 30-minute introductory conversation to
discuss your firm’s planning process, software
preferences, and the type of support you are
looking for.
Schedule Your Introductory Call
Or contact us at
contact@paraplanondemand.com
.
Paraplan OnDemand | You set the strategy. We build the plan.
Paraplan OnDemand is a Pennsylvania-registered investment
adviser. Registration does not imply a certain level of
skill or training. Services described on this page are
provided to financial advisors and advisory firms as
outsourced planning and analytical support.