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How to Measure the True ROI of Outsourced Paraplanning

Updated: Nov 1, 2023

Outsource Paraplanning
True ROI of Outsourced Paraplanning


Return on investment (ROI) is a crucial metric for any business, as it measures the success of an investment by comparing the benefits gained against the costs incurred. Measuring the ROI of outsourced paraplanning can be challenging, as it involves both tangible and intangible factors. In this article, we will discuss how to measure the true ROI of outsourced paraplanning, beyond the bottom line.

Understanding the ROI of Outsourced Paraplanning:

There are several factors that impact the ROI of outsourced paraplanning, including the level of service provided, the expertise of the outsourced team, and the costs associated with outsourcing.

Measuring the benefits of outsourced paraplanning can include factors such as increased productivity, improved accuracy, and reduced turnaround times. Identifying the costs of outsourced paraplanning can include fees paid to the outsourced team, any training or onboarding costs, and any equipment or software required.

To calculate the ROI of outsourced paraplanning, subtract the total costs from the total benefits and divide that by the total costs.

Measuring the True ROI of Outsourced Paraplanning:

Beyond the bottom line, there are several other factors that can impact the true ROI of outsourced paraplanning.

Improved client satisfaction is one such factor, as outsourcing paraplanning can free up time for financial advisers to spend more quality time with their clients. Additionally, outsourcing paraplanning can improve business operations by reducing administrative burdens and allowing advisers to focus on revenue-generating activities.

The long-term benefits of outsourcing paraplanning include scalability, as outsourced teams can easily adapt to changes in demand and access to specialized expertise that may not be available in-house.

Best Practices for Measuring the ROI of Outsourced Paraplanning:

To effectively measure the ROI of outsourced paraplanning, it is important to establish clear goals and objectives, such as increasing productivity or improving client satisfaction.

It is also important to establish a baseline for measurement, such as tracking the time it takes to complete certain tasks before outsourcing. Collecting and analyzing data is a crucial step in measuring ROI, as it can provide insights into areas for improvement. Taking action based on findings is also important, as it allows for continuous improvement.

Finally, continuously monitoring and adjusting the ROI measurement process can ensure that it remains relevant and effective over time.


Measuring the true ROI of outsourced paraplanning requires a comprehensive approach that goes beyond the bottom line. By considering factors such as improved client satisfaction and business operations, as well as following best practices for measuring ROI, businesses can gain a better understanding of the benefits of outsourcing paraplanning. By doing so, they can make informed decisions about whether or not to outsource, and how to maximize the benefits of doing so.

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