Centrepoint to offer outsourcing service for advisers

In a statement released yesterday, Centrepoint said the new offering is a package of virtual support services for advisers to outsource functions like paraplanning, para-lending, life insurance health screening and administration services.

Centrepoint’s head of advice services Karen Machovsky said, “Advisers' core strength is spending time working with their existing clients and cultivating new ones, so our aim is to help them do that by streamlining other aspects of their practice in a cost-effective manner.

"Hiring people is costly and comes with HR, legal and payroll responsibilities, not to mention office costs and IT requirements. It can cost up to double their salary by the time they have their feet under the desk.

"While good staff can be the cornerstone of your business and even your differentiator, in many cases hiring one or more does not make sense in light of the alternatives, particularly for non-client facing work.

"We've conducted comprehensive due diligence on a range of service providers and trialled them with advisers, with very positive results. We will also conduct continuous quality and service level monitoring to ensure they maintain their standards. This means advisers benefit from our scale and oversight in sourcing these services."

After six months of piloting, the new offering will be launched in February 2017, Centrepoint said.