Outsourced Paraplanning Pricing
You set the strategy. We build the plan.
Paraplan OnDemand offers flexible, project-based financial planning support for independent financial advisors and registered investment advisory firms. Our services include new financial plans, annual reviews, financial plan updates, and custom planning analyses.
Our pricing is designed around the work your firm needs completed. Financial plan preparation starts at $500, comprehensive financial planning starts at $1,500, and custom analytical work is available at $150 per hour.
Whether you’re outsourcing a new client plan, updating an existing one, or requesting specialized scenario modeling, we establish the scope and applicable fees before beginning work.
Our Outsourced Paraplanning Services and Fees
Different planning engagements require different levels of support. Our service options allow advisors to select the work they need without committing to additional full-time staff.
Data Entry Only
Starting at $500For advisors who need client information organized and entered into financial planning software.
Services include:- Client data entry
- Income and expense inputs
- Account organization
- Asset and liability setup
- Planning file preparation
Best suited for: Advisors who prefer to perform their own planning analysis but need help preparing the underlying data.
No planning analysis or recommendations are included.
Foundational Financial Plan
Starting at $1,000For advisors seeking an organized financial plan with a core retirement planning baseline.
Services include:- Financial plan setup
- Data verification
- One core planning scenario
- Baseline retirement projections
- Planning materials for advisor review
Best suited for: Straightforward planning engagements requiring an initial financial planning framework.
Comprehensive Financial Plan
Starting at $1,500For advisors seeking broader financial planning analysis across multiple areas of a client’s financial situation.
Services may include:- Retirement planning analysis
- Cash flow projections
- Basic tax-related planning
- Investment planning review
- Insurance needs analysis
- Estate planning considerations
- Advisor-ready planning reports
Best suited for: Advisors preparing comprehensive financial plans and seeking assistance with the underlying modeling and analysis.
The specific analyses and deliverables are confirmed before work begins.
Financial Plan Updates & Annual Reviews
Quoted by ScopeFor advisors who need to refresh existing client financial plans for annual reviews, life changes, or updated financial circumstances.
Services may include:- Updating account balances and financial data
- Refreshing planning assumptions
- Revising retirement projections
- Updating income and expense information
- Targeted financial planning analysis
- Reviewing changes to an existing plan
Best suited for: Advisors conducting ongoing client reviews who need updated financial planning materials without rebuilding the entire plan.
Pricing is determined by the complexity and extent of the requested updates.
Custom Planning & Analysis
$150 per hourFor advisors seeking standalone financial planning analysis, specialized modeling, or plan reviews outside a standard service package.
Examples include:- Standalone scenario modeling
- Financial plan reviews
- Specialized retirement analysis
- Custom financial projections
- Additional planning research and modeling
- Other individually scoped analytical requests
Best suited for: Planning projects that do not fit neatly within a standard financial plan package.
The scope, estimated hours, and expected fees are agreed upon before work begins.
Optional Planning Add-Ons
Starting at $250For advisors who need a specific additional analysis included with an existing planning engagement.
Examples include:- Roth conversion analysis
- Social Security claiming analysis
- Stock option planning
- Tax projection scenarios
- Additional planning scenarios
- Business planning considerations
Best suited for: Advisors who need additional targeted analysis beyond the original engagement scope.
Add-on prices depend on the requested work. Custom standalone analysis is available at $150 per hour under a separately agreed scope.
How Are Annual Financial Plan Reviews Priced?
Annual financial plan updates are quoted based on scope rather than charged at a universal flat fee.
An annual review may require only updated account balances, income figures, and planning assumptions. Another review may involve revised retirement projections, changes in tax circumstances, new financial goals, or additional scenario modeling.
Basic Planning Updates
A straightforward update may involve refreshing financial information and assumptions within an existing planning model.
Expanded Annual Reviews
More involved annual reviews may include revised projections, multiple planning changes, and targeted analyses based on the client’s current circumstances.
Updated Reports and Executive Summaries
An advisor may request an updated executive summary, presentation, or other reporting deliverable as part of the review.
These reporting needs are scoped separately and included in the agreed engagement fee when requested.
Our objective is to price the work based on what needs to be completed, rather than charge every advisor the same amount for very different annual reviews.
What Determines the Cost of Outsourced Financial Planning?
Planning Complexity
Straightforward planning cases generally require less modeling than engagements involving complex retirement income needs, multiple scenarios, or specialized financial planning questions.
Available Client Information
The completeness and organization of client data can affect the amount of work required to prepare or update a financial plan.
Number of Planning Scenarios
Comparing multiple retirement dates, income strategies, or tax-related planning alternatives can increase the scope of an engagement.
Existing Plan vs. New Plan
Refreshing an existing financial plan may require less work than constructing a new plan, depending on the extent of the required revisions.
Reporting Requirements
Executive summaries, customized presentations, and additional advisor-ready reports may affect the total engagement fee.
How Our Outsourced Planning Process Works
1. Submit Data and Scope
Your firm shares the relevant client data, existing planning files, financial goals, and requested planning support.
2. Build and Analyze
We construct or update the financial plan, refresh assumptions, and complete the agreed projections and analyses.
3. Advisor Review
Your firm reviews the financial projections, supporting observations, and any outstanding questions.
4. Revisions
We incorporate agreed revisions and confirm the reporting needs for the engagement.
5. Finalize
You receive the updated planning files and agreed advisor-ready reports.
Learn more about our outsourced planning process and review sample financial planning deliverables .
Financial Planning Software Support
Paraplan OnDemand provides financial planning support involving eMoney, RightCapital, and MoneyGuide, depending on the scope and complexity of the engagement.
The appropriate platform, access arrangements, and deliverable formats are discussed before work begins.
Our focus is on providing useful analytical work and advisor-ready planning materials that support your firm’s existing process.
Frequently Asked Questions About Outsourced Paraplanning Pricing
How much does outsourced paraplanning cost?
Paraplan OnDemand offers data entry services starting at $500, foundational financial plans starting at $1,000, and comprehensive financial plans starting at $1,500. Annual reviews are priced by scope, and custom planning analysis is available at $150 per hour.
Can I outsource just one financial plan?
Yes. Paraplan OnDemand offers project-based support for individual financial planning engagements. Advisors can request assistance with one plan without making a permanent staffing commitment.
How much does an annual financial plan update cost?
Annual financial plan updates are quoted based on the amount and complexity of the work required. A basic refresh of balances and assumptions may involve less work than a review requiring new projections and additional planning analysis.
Can I request updates to an existing financial plan?
Yes. We can update existing financial plans using refreshed client data, revised assumptions, and additional analyses as required by the agreed scope.
What is the hourly rate for custom financial planning analysis?
Custom planning and analytical work is available at $150 per hour. This may include standalone scenario modeling, plan reviews, and specialized analyses. The anticipated scope and estimated fees are discussed before work begins.
Are Roth conversions and Social Security analyses available?
Yes. These are examples of optional planning add-ons, which start at $250. The specific scope and applicable fee are confirmed with the advisor before the work begins.
Does an annual review include an updated executive summary?
An executive summary or presentation can be included when requested. Reporting requirements are scoped separately, with deliverables and applicable fees agreed upon in advance.
Who is responsible for recommendations to the client?
The financial advisor remains responsible for final recommendations, client-facing advice, and implementation decisions. Paraplan OnDemand provides financial planning construction and analytical support to the advisory firm.
When are planning fees paid?
Payment terms are established in the applicable engagement agreement. The scope, fees, and payment arrangements are confirmed before work begins.
Get a Quote for Your Next Financial Plan or Annual Review
You set the strategy. We build the plan.
Whether you need assistance with a new financial plan, an annual client review, or standalone planning analysis, Paraplan OnDemand offers flexible support based on your firm’s needs.
Schedule an introductory conversation to discuss the project scope, preferred planning software, and appropriate service level.
Schedule a 30-Minute Introductory Call
Call (724) 591-3182 or email contact@paraplanondemand.com .
Paraplan OnDemand provides paraplanning and analytical support exclusively to financial advisors and advisory firms. Final recommendations, advice delivery, and client communications remain the responsibility of the advisor. Paraplan OnDemand is a registered investment adviser. Registration does not imply a certain level of skill or training.