PLTCo provides paraplanning, implementation and administrative staff to financial advice practices across Australia. The business was started by two people who had seen the same problem from opposite sides.
An employed paraplanner costs between $87,000 and $120,000 a year including on-costs, regardless of how much advice is written that month. Most small and mid-sized practices do not have five days of paraplanning work each week, but the documents still need to be produced.
The usual result is that the adviser writes the document outside business hours, or the client waits.
Paul Atherton spent 25 years in financial markets in New York before returning to Australia. Reviewing a friend's advice portfolio led him to look closely at how advice is produced here, and at the gap between what clients receive and what practices are capable of delivering.
Utkarsh Kapoor spent five years inside Australian advice practices, in paraplanning, practice administration and advice. The constraint he saw repeatedly was capacity: practices taking on clients faster than they could recruit and train the people to serve them.
PLTCo is their response. Paul and Utkarsh run the business together.
Meet the whole teamThe controls your licensee will ask about.
Our team accesses your software through individually named accounts with the minimum permissions required. Access is removed when the engagement ends, and the removal is confirmed in writing.
Audit logging, controlled deletion, staff background checks and annual privacy training. Our delivery team works from the Philippines; this is disclosed in our privacy policy in line with APP 8.
PLTCo does not currently hold ISO 27001. If certification is a requirement for your licensee, please raise it at the outset. Our security controls are documented and available for review before any engagement.
Service agreement, data-handling policy and security summary are available on request. We complete your licensee's due-diligence questionnaire rather than asking you to accept ours.
Email us for the service agreement, data-handling policy and security summary. We send them before any call.