Category: blog

Taking out mortgage loans is one of Australia’s most popular ways to own a home. In 2023 alone, the country recorded $24.6 billion in new home loans. This surge presents an excellent business opportunity for loan processors.

However, the expertise and efficiency of your support team can significantly impact your business outcomes when navigating the complex world of loan processing.

Virtual loans assistants have become indispensable partners for many in the Australian mortgage financial industry, offering specialised assistance that streamlines operations. Here’s how you can hire the right fit for your business.

7 Things To Look For When Hiring A Virtual Loans Assistant / Processor

1.   Understanding Key Qualifications and Skills

A proficient virtual loans processor should not only be adept at data entry but also highly knowledgeable in using special CRM software pivotal to your operations.

Virtual Office Angels prides itself on providing only highly skilled virtual loans assistants, with Australian hands-on experience in using industry-standard CRM systems such as Connective, Mercury, Podium, Symmetry, Flex, AdviserLogic, and COIN, among others.

This  ensures that their assigned virtual mortgage support  are prepared to manage the complexities of the loan and navigate through the most up-to-date systems in the market, eliminating the need for extensive and time-consuming training.

2.   Familiarity and understanding with the Australian Mortgage Financial Industry to ensure strict compliance

Your virtual loans processing assistant must have a solid understanding of the Australian financial loans market to meet Australian (compliance) standard. Virtual Office Angels ensures that their Virtual Loans Assistants are not only knowledgeable with but excel in preparing loan structures tailored to the nuances of the market ensuring compliance with Australian industry standards

Their hands-on experience, deep comprehension of the regulatory and practical aspects of the industry equips them to handle tasks from applications, loan structuring, following up status with BDMs, etc right throughto settlement, ensuring a high approval rate for loan applications.

3.   Efficient Handling of Document and Forms Preparation

While it might seem trivial, document preparation is critical, as the accuracy and completeness of these documents can determine the success of a loan application. Our virtual loans specialists are adept at handling various back-end support tasks, ensuring that every necessary document is meticulously prepared and submitted.

4.   Familiarity with Loan Structuring Preparation

With Virtual Office Angels, each Virtual Loan Assistant sharpens their eye on the intricate loan structuring process. Their previous hands-on experience ensures that every client or borrower is positioned to maximise their loan potential, significantly increasing the chances of approval.

5.   Maintaining Client and Broker Communications

Effective communication is pivotal throughout the loan processing journey. Virtual Office Angels ensure that their Virtual Loans Assistants maintain regular updates and open lines of communication between brokers, clients, and financial institutions.

This continuous engagement helps avoid any surprises and ensures transparency among all stakeholders

6.   Capability to Conduct Lender Research and Comparison

Choosing the right lender is as critical as the loan application itself. These virtual assistants should meticulously undertake the time-consuming lender research, comparing rates and deals to identify the best options available. This ensures due diligence and maximises your clients’ financial benefits.

7.   Ongoing Support Until Settlement

From the start of the application to the final settlement, your assigned virtual loans assistant must ensure that you are continuously updated about the loan’s progress. Their commitment extends beyond mere processing; they actively address any issues that arise, providing a smooth path to loan settlement.

Benefits of Choosing Highly Experienced Virtual Loans Assistants

Opting for an experienced virtual loan processor like those from Virtual Office Angels comes with several advantages:

• Efficiency in Task Management: Experienced loan processors can manage multiple tasks efficiently, reducing errors and speeding up the loan approval process. Their ability to navigate complex systems and anticipate potential issues saves valuable time, money and resources.
• Reduced Need for Training: Hiring a highly experienced virtual loans processor with established knowledge of your required CRM systems and an understanding of the financial market minimises onboarding time, reduces training costs and more importantly, saves you a lof of stress and headaches that goes with training somebody who lacks the knowledge and experiences in handling Austraian loans.
• Fewer Errors: Experienced processors are more adept at preparing accurate and complete loan documentation, significantly enhancing the likelihood of loan approval. Their strategic insight into structuring loans to fit specific financial situations means better service for your clients and a higher success rate in application approvals.

Saves you more Time and Money:  By working with highly experienced and efficient virtual loans support assistants, you can work less, earn more and grow your business faster.    You can get more work done in lesser time and get better results thus freeing you in growing your business and having more free time to do the things you love.

Conclusion

Selecting a virtual loans processor is crucial for any mortgage business wanting to enhance its operational efficiency and client service quality.

Virtual Office Angels stands out as a provider that meets and exceeds industry standards with its team of Only highly qualified and experienced professionals. By choosing the right virtual assistant, your business can achieve smoother operations, better client satisfaction, and improved profitability.

With their comprehensive support and specialised services, navigating the complexities of loan processing becomes more manageable and successful. Contact us today to learn more!

Navigating the financial intricacies of a small to medium-sized enterprise (SME) in Australia can be akin to walking a tightrope. Managing the nitty-gritty of bookkeeping can seem daunting, especially for entrepreneurs, where innovation and vision often take precedence.

This is precisely where the transformative power of Virtual Office Angels’ remote bookkeeping assistance shines, offering a seamless bridge between artistic aspiration and financial acumen.

Challenges of Traditional Bookkeeping

●     Constrained Resources and Time

Traditional bookkeeping demands substantial time and resources, often stretching thin the capabilities of small to medium-sized businesses. The meticulous nature of financial record-keeping and transaction management requires dedicated attention, removing focus from core business activities.

●     The Quest for Specialised Expertise

Accurate bookkeeping is not just about number crunching; it requires in-depth knowledge of financial regulations,ATO tax implications, and strict comploamces om reporting standards. Finding individuals with such specialised expertise and knowedge is challenging and can be cost-prohibitive for many businesses.

●     The Human Error Factor

Even the most diligent bookkeepers are prone to mistakes. In traditional settings, these errors can go unnoticed until they snowball into larger issues, potentially leading to financial discrepancies and compliance problems.

●     Concerns Over Data Security

Financial records are the lifeblood of any business, containing sensitive information that must be guarded zealously. Traditional bookkeeping methods, especially those relying on physical documentation, are vulnerable to security breaches, loss, and damage.

The Era of Virtual Bookkeeping Assistants

Virtual Office Angels connects you with professional and highly skilledremote bookkeepers with an innovative approach to managing your finances. These virtual assistants harness the power of technology and the internet to manage financial records, process transactions, and ensure compliance with financial regulations—all without needing a physical presence in your office.

●     Data Protection and Confidentiality

We prioritise the security of your financial data. Our reliable virtual bookkeepers use advanced security protocols to ensure your information is protected against unauthorised access.

●     Experienced in Leading Accounting Software

Whether you’re using Xero, Saasu, MYOB, or any other accounting platform, our virtual accountants are proficient and can seamlessly integrate with your preferred software. This expertise ensures accuracy and timely reporting, empowering you to make informed financial decisions.

●     Tailored Solutions for Diverse Needs

Every business is unique, with its own set of challenges and requirements. Recognising this diversity, Virtual Office Angels offers tailored-fit virtual assistants and bookkeeping solutions designed to meet each client’s specific needs.

Whether you’re a startup navigating the complexities of setting up your financial systems or an established enterprise looking to optimise and expand your financial operations, our services are crafted to align with your goals and challenges.

●     Seamless Integration and Collaboration

The success of virtual bookkeeping lies in seamless integration and effective collaboration with your existing team. Virtual Office Angelsemploys communication tools to ensure smooth integration with your business processes.

Our virtual bookkeepers work closely with your team, offering support, ensuring ATO compliances are met, entering data into your accounting crm, answering queries, and ensuring every financial decision is informed, strategic, and aligned with your business objectives.

●     Commitment to Continuous Improvement

The field of finance is ever-evolving, with new technologies, regulations, and practices emerging regularly. At Virtual Office Angels, we are committed to continuous improvement and education. Our team stays abreast of the latest developments in financial management, accounting software, and regulatory changes.

This commitment ensures that our clients always receive the most up-to-date and compliant bookkeeping services, safeguarding their businesses against compliance risks and leveraging the latest financial tools and technologies for optimal efficiency.

The Advantage of Choosing Virtual Office Angels

Choosing Virtual Office Angels for your remote bookkeeping needs means partnering with a team that understands the unique financial landscape of Australian businesses. Our virtual bookkeeping assistants are not just service providers but partners in your financial management journey.

Focusing on accuracy, security, and efficiency, we help you streamline your financial operations, allowing you to focus on what you do best: growing your business.

By choosing Virtual Office Angels, you’re not just getting bookkeeping assistance but enhancing your business with a dedicated ally. Our commitment to excellence ensures that your financial operations are not only optimised for today but also poised for future growth.

Take the Next Step Towards Financial Excellence

Ready to transform your financial management and propel your business forward? Contact Virtual Office Angels today.

Let’s discuss how our tailored, secure, and efficient virtual bookkeeping assistants can unlock new possibilities for your business. Together, we’ll ensure that your financial management is not just necessary but a strategic asset for your success.

Embrace the future of financial management with Virtual Office Angels. Contact us now to take the first step towards a more efficient, secure, and insightful financial future for your business.

We live in an era when digital efficiency is not only desired but required. Because of this, businesses across Australia are turning to innovative solutions to enhance their operations.

For the past 14 years, Virtual Office Angels stands at the forefront, providing only highly skilled professional and specialized virtual assistant services tailored to modern business needs.

Discover how sectors ranging from financial planners, accountants, real estate agents and mortgage brokers to small and medium enterprises can benefit from our expertise to streamline operations, boost customer engagement, and drive significant growth.

5 Business Industries That Can Thrive With Virtual Assistance Services

1.   Financial Planners

In the world of financial planning, accuracy and personal touch go hand in hand. Financial planners know the importance of giving each client the time and detailed advice they deserve.

But, with so many tasks to juggle, it’s easy to get caught up in the paperwork and lose valuable time that could be spent advising clients. That’s where Virtual Office Angels (VOA) steps in.

Virtual financial assistants and support are a game-changer for financial planners. They tackle the time-consuming tasks that can bog down your day.

Imagine the relief of not worrying about setting up meetings because your appointments are organised and scheduled. Or consider the convenience of having a VA do the meticulous insurance research, enter data in your specialised CRMs (ie Midwinter, Xplan, etc) ready to go, so you only need to add your unique insights. It lets you focus more on your clients and less on administrative tasks.

2.    Mortgage and Loans Firms

Every detail matters when processing mortgages and loans. The journey from application to settlement involves numerous steps that require careful handling. These Virtual Mortgage Support Assistants from Virtual Office Angels are highly skilled professionals that make this journey smoother and faster for the firms and their clients. How? By taking on the heavy lifting of data entry, preparing needed documents, entering data into special CRMs (i.e. Connective, Flex, Podium, etc) , assist organise loan structures, speaking with BDMs, etc while ensuring compliance at the same time ready to go and making it easy prior to final submission.

We understand the importance of data security and confidentiality, and our virtual assistants adhere to strict protocols to ensure your information is always protected.

This means that firms will have enough support to process loans faster and more accurately, leaving clients happy and seeking for refinancing. Imagine cutting down customer waiting times and boosting your firm’s reputation for efficiency –  that’s the power Virtual Office Angels brings to your doorstep. 

3.   Accountants and Bookkeepers

For accountants and bookkeepers, precision in financial reporting and compliance is non-negotiable. Virtual Office Angels brings a layer of efficiency and accuracy to these financial professionals through expert remote assistance.

Specialising in highly preferred accounting software such as Xero, MYOB, Saasu, etc. our virtual assistants ensure that financial records are maintained, reports are generated accurately, and compliance with ATO regulatory standards is upheld.

This support allows accountants and bookkeepers to focus on more strategic financial analysis and advisory services, adding excellent value to client relationships.

4.   Real Estate Firms

In the bustling world of real estate, staying on top of everything is critical. This means keeping property listings fresh, answering client questions quickly, and ensuring all the paperwork is in perfect order. Virtual assistants step in to help make all this happen smoothly for real estate agents and firms.

With Virtual Office Angels, real estate professionals can rest assured they have the support they need. Whether they’re ensuring property details catch the eye of the right buyers or helping potential clients get the information they need fast, reliable virtual assistants streamline operations and boost confidence.

5.   Sales and Marketing Agencies

Sales and marketing are all about telling a story that people want to hear, one that makes them eager to buy what you’re selling. Grabbing attention online is crucial, where everyone is constantly bombarded with information.

With Virtual Office Angels, you get a team that’s a whiz at digital marketing. Think of making cool videos that show off what you’re all about. They use and manage your social media presence to talk to your customers in a way that feels genuine and design eye-catching graphics that make people stop scrolling and start clicking. This is how virtual assistants help your business create stories that get heard, remembered, and shared.

6.   Small Enterprises and Emerging Startups

Over 2.5 million businesses are operating in Australia, with thousands of them falling under small companies and emerging startups. Being quick on your feet and keeping things simple is crucial in making it big in this industry.

Virtual Office Angels is here to alleviate the burden on small enterprises and emerging startups. We handle time-consuming daily tasks such as managing emails, handling calls, and organising schedules. This liberation of time empowers business owners, enabling them to focus on strategic growth and improvement.

Virtual Office Angels helps Small to Medium Enterprises (SME) and emerging startups communicate effectively with their customers. We offer writing and editing services to help create compelling articles, blogs, and marketing materials. This is highly critical and important in marketing because it helps attract and keep customers by speaking directly to what they need and want, enhancing customer engagement.

Conclusion: A Partner for Growth Across Industries

Virtual Office Angel’s comprehensive suite of virtual assistant (VA) services caters to various industries, offering specialised support that aligns with each sector’s unique demands. By partnering with the right virtual assistant, businesses in Australia can leverage expert assistance to streamline their operations, enhance their digital presence, and ultimately drive significant growth.

Whether you’re in real estate, finance, digital marketing, or technology, Virtual Office Angels’ virtual assistants (VAs) are equipped to propel your business to new heights. Don’t just take our word for it. Hear from companies like yours that have experienced the benefits of our services. Contact us today to learn more and to see how we can help your business thrive.

In the dynamic landscape of mortgage broking, the role of Virtual Assistants specialising in mortgage and loan processing has become increasingly indispensable. These professionals streamline operations and ensure businesses remain agile and responsive to the fast-paced market.

Today, we delve into Joan’s experiences as a dedicated Virtual Mortgage and Loans Processing Support Assistant (VA) at Virtual Office Angels. She has been instrumental in helping businesses navigate the complexities of mortgage applications and loans processing with unparalleled proficiency.

A Glimpse into Joan’s Journey

Joan started her journey to work for Virtual Office Angels  in 2018.  For nearly six years,  she has contributed her extensive knowledge to her assigned  Australian clients in the mortgage broking industry. Her contributions have been described as a significant boon to their businesses, demonstrating how a skilled Virtual Assistant can impact a company’s day-to-day operations.

Her dedication and skill set have made her an invaluable asset, showcasing the level of service Virtual Office Angels prides itself on since its inception in 2010.

A Day in the Life of a Mortgage and Loans Processing VA

For Joan, a typical day begins with prioritising tasks based on urgency and client instructions, emphasising the importance of staying organised and responsive.

Her duties span various activities, notably data entry on her assigned client’s crm (based on Fact Find), assist in research and servicability calculations using advanced tools for eligibility assessments and supporting document preparation and submission, ensuring each application is compliant, managed precisely and submitted on time

Tools of the Trade

She is adept and is experienced in the use of essential software and tools in her work, notably Mercury Nexus, Flex, Apply OnLine, Salestrekker, MyCrm, Adobe Acrobat, MS Excel, MS Word, and Quickli. These resources are paramount for precise data management and efficient calculations that are  vital for the accurate computation of loan amounts, Loan-to-Value Ratios (LVRs), etc.

Having the knowledge and expertise in using these tools enhances the meticulous entry and updating of data, facilitating the streamlined submission of applications to lenders.

Her proficiency with technology is critical to upholding the exemplary standards of service Virtual Office Angels’ clients have grown to expect.

This adeptness ensures tasks such as data entry in Customer Relationship Management (CRM) systems, servicing and updating information, and communicating with banks and clients for necessary documents are conducted precisely and more efficiently.

Staying Ahead of the Curve

The mortgage sector is characterised by its constantly changing regulatory framework. Joan proactively keeps abreast of the most recent regulations and lender guidelines by leveraging the systems provided by brokers’ aggregators, which are rich sources of the latest industry information.

Additionally, she taps into trusted groups and websites, such as Finance & Coffee, which is known for disseminating up-to-date news in the mortgage industry. 

Joan’s dedication to continuous learning ensures that her work and results are always compliant and aligned with the latest industry benchmarks.

This proactive approach to professional development is highly encouraged as part of at VOA’s services to meet and exceed the evolving standards and expectations of the mortgage landscape.

Overcoming Challenges

Joan recognises that the most significant hurdle in her position stems from managing a high volume of work, particularly when handling multiple applications, each with its distinct documentation and requirements. This challenge is amplified as the client’s business expands, putting pressure on the limited hours available to support them.

However, Joan emphasises the critical role of effective priority and time management in overcoming these obstacles. By prioritising tasks according to their importance and urgency  and employing a well-structured to-do list, she ensures that all assignments are tackled with the requisite accuracy and attention to detail.

The Joy of Service

At the core of her professional satisfaction, Joan revels in the gratification of being in a position to assist other people secure their dream homes. She cherishes being a pivotal part of such a significant milestone in their lives, supporting them in making well-informed decisions to optimise their loan conditions and save on interest where possible.

The sense of accomplishment derived from witnessing loans successfully processed and settled, coupled with the knowledge that her diligent efforts were instrumental in achieving these outcomes, underscores the rewarding essence of her role as a Mortgage and Loans Processing Virtual Assistant.

Joan’s approach to ensuring she meets or exceeds client expectations revolves around transparent, open, and timely communication.

Maintaining transparent dialogue throughout the mortgage process minimises errors and enhances her ability to deliver efficient results. Prompt responses to inquiries and requests further enable her to provide outstanding and efficient service.

Conclusion

Joan exemplifies the significant value and expertise that Virtual Office Angels’ remote professionals bring to the mortgage industry. Through a blend of efficiency, industry insight, and strategic problem-solving, our VAs like Joan are redefining service excellence in mortgage broking.

Whether you’re an emerging broker or an established firm seeking to optimise your operations, Virtual Office Angels provides the expertise and support necessary for success. Connect with us today and discover how our Mortgage and Loans Processing Virtual Assistants can transform your business operations.

At Virtual Office Angels, we recognise that our success is rooted not only in the excellence of our professional services but also in the solidarity and teamwork of our staff. Our latest team-building endeavors highlight this conviction, blending community engagement with internal bonding to enrich our employees and solidify the values we intend to share.

Community Service at Hospicio de San Jose

Our visit to Hospicio de San Jose was more than just a team-building exercise; it was a testament to our core values of empathy and social responsibility. We understand that our success as a company is intertwined with the community’s well-being.

By donating essentials like sacks of rice, groceries, and supplies for the Christmas party, we aimed to make a tangible difference in the lives of those residing in the shelter.

This initiative did more than just provide material support; it offered our team a profound perspective on the impact of generosity. Working together to organise and distribute these donations, our team experienced first-hand the joy of giving and the importance of community involvement.

This act of service was a powerful reminder of our collective responsibility and the potential we have to share positive change.

Relaxing at Wensha Spa:

Following the meaningful day at Hospicio de San Jose, the team visited Wensha Spa. Our team members were able to unwind and relax in a serene environment.

The experience at the spa was not just about personal relaxation. It’s also about strengthening interpersonal relationships. Sharing a space of tranquillity and peace allowed us to connect on a deeper level, fostering a sense of unity and mutual respect.

This relaxation time was crucial for our team’s mental and emotional well-being. It provided a break from the fast-paced work environment, allowing team members to rejuvenate and return to work with renewed energy and focus.

Bonding Over Good Food at RJ Bistro

The team-building activities culminated with a dining experience at RJ Bistro. Breaking bread together is one of the oldest forms of bonding, and it holds true for our team.

The casual setting provided a comfortable atmosphere for team members to engage in personal conversations, share stories, and enjoy each other’s company outside the formal work environment.

The shared dining experience at RJ Bistro was not just about enjoying good food but also about celebrating our team’s diversity and fostering a sense of belonging. It encouraged open communication and helped build trust, which is essential for a strong, cohesive team.

The Impact of Team Building on Company Culture

The combination of community service and internal team bonding perfectly mirrored our growing company culture. These activities demonstrated our commitment to professional development, personal growth, and community engagement.

The experience at Hospicio de San Jose instilled a sense of purpose and responsibility in our team, enhancing our corporate social responsibility. On the other hand, the spa visit and the dining experience at RJ Bistro focused on nurturing internal relationships and promoting a healthy work-life balance.

Team Cooperation and Collaboration

The benefits of these activities extend beyond individual enjoyment; they play a crucial role in cultivating cooperation and collaboration within our team. By engaging in these diverse experiences, our members learned to appreciate each other’s strengths and perspectives, leading to more effective teamwork and communication in our professional setting.

These activities also allowed employees to express themselves and be heard, fostering a culture of inclusivity and respect. As a result, our team has become more cohesive, understanding, and supportive of each other, directly impacting our efficiency and productivity in delivering exceptional services to our clients.

Looking Forward: Building a Stronger Team

As we move forward, these team-building activities have set a precedent for how we function as a team. We have seen the benefits of working closely, understanding, and supporting one another. It has encouraged us to plan more such activities in the future, aiming to strengthen our team dynamics continuously.

Final Thoughts

Our recent team-building activities at Virtual Office Angels were more than just regular company events. They were a celebration of what we stand for and a way to strengthen our team spirit and connection with the community.

By helping others, relaxing together, and enjoying meals as a group, we grew closer as a team and improved our work environment. These activities helped us understand more about working well together and being supportive, showing that we care about our people just as much as our clients.

This approach helps us create a work culture that is kind and works well together, which is vital for offering the best virtual assistance services.

The Australian financial advisory landscape is undergoing a significant transformation. With the number of financial advisers rapidly declining, the industry and its customers face a unique set of challenges. To combat these issues, hiring highly experienced virtual assistants serves as a cost-effective and strategic solution.

In this post, we’ll discuss how these remote professionals can tackle the burdens that currently weigh heavily on your business and address the root causes of the industry’s challenges.

Addressing the Decline in Financial Advisers

In the past five years, the financial adviser community has dwindled alarmingly, with projections suggesting numbers could fall below 15,000. Large businesses, in particular, feel the brunt of a constant stream of exits. This decline is a symptom of deeper issues that the support of remote Financial Planning Assistants could assist in mitigating.

By handling routine tasks and client servicing, these remote professionals can free up your time and schedule to help you focus on more complex and revenue-generating activities. It can also save your business from many operational challenges.

How Can Virtual Assistants Support Your Financial Planning Business?

Easing the Compliance Burden

Virtual assistants like the ones from Virtual Office Angels are equipped with the knowledge and skills of the (needed) regulatory requirements relevant to the financial industry. With hands-on working background, handling compliance-related paperwork and staying keen on market changes will definitely assist.

By offloading this burden, financial advisers can realign their focus on client-centric services and strategic activities that cannot be automated or outsourced.

Navigating Regulatory Changes

Highly specialised Virtual Assistants from Virtual Office Angels can assist in monitoring regulatory changes in ensuring that the company remains compliant. By doing so, they act as a buffer to the uncertainties and complexities of changing financial regulations, providing summaries and action points to support very busy Financial Advisers.

Technology Adoption Made Easier

With Virtual Assistants, the challenge of adopting new technologies becomes less daunting. They can manage data entry, schedule appointments, and handle other technology-related tasks, allowing the adviser to leverage new software for improved client service without the steep learning curve.

Reducing Additional Costs

As the cost of providing financial advice escalates, using VAs presents an opportunity to curtail expenses. By handling time consuming day to day admin and processing tasks, such as scheduling and document preparation, VAs enable a reduction in the hours advisers need to spend on non-billable activities, thereby decreasing the overall cost per client.

6 Reasons Why You Should Work With Virtual Office Angels

1.    Specialised Skill Set

Virtual Office Angels stands out in the market by offering virtual assistants (VAs) who bring a specialised skill set directly aligned with the needs of financial planning. These VAs are adept in supporting and navigating the complex admin and processing requirements of Australian financial administration.

They can manage the intricacies of financial planning, ensuring that they understand the industry’s nuances, from market trends to regulatory compliance.

2.    Immediate Integration

Our VAs are not trainees but highly skilled professionals who can immediately adapt to a financial planner’s existing workflow without requiring extensive and time-consuming training. They are appointed for their hands-on work experiences and familiarity with the Australian Financial industry, making the transition into a new working environment smooth and efficient.

3.    Enhanced Efficiency

By taking over routine yet crucial tasks like appointment scheduling and data entry management across various CRMs such as XPlan, Midwinter, and AdviserLogic, these VAs enable Australian financial planners to dedicate more time to core activities like face to face client acquisition, retention, and competitive strategy.

4.    Complex Task Handling

Highly specialised VAs from Virtual Office Angels are equipped to handle complex tasks, including the data entry and generation of reports of Statements of Advice (SOAs), which is a vital part of financial planning services. B

By entrusting this task to capable VAs, financial planners can then review and ensure that the SOAs are of high quality while freeing themselves to focus on advisory and decision-making roles that demand their expertise.

5.    Strategic Contribution

The role of a VA from Virtual Office Angels transcends basic task execution. These professionals are proactive and capable of recognising and establishing long-term business strategies that lay the foundation for sustainable operations and future growth.

6.    Experience and Understanding

With an industry experience spanning over a decade, the company offers a deep understanding of the need to balance operational maintenance and the pursuit of innovation for future success.

Final Thoughts

The challenges facing the financial advisory industry are not as unsolvable as you think. With the strategic engagement of Virtual Office Angels Pty Ltd.’s virtual assistants, Australian Financial Planners can navigate the complexities of today’s market.

These Financial Planning VAs are more than a support system; they are a crucial investment in the present and future success of financial planning enterprises.

For those ready to embrace this transformative support, contact Virtual Office Angels Pty Ltd. at 1300 737 883. Your goals are within reach; let’s start achieving them together.

Financial planners face an increasingly complex and demanding business landscape. Their daily routines include a whirlwind of tasks – from processing intricate documents to managing client relationships and staying compliant with ever-evolving regulations.

The sheer volume of work can be overwhelming, so it’s only natural to wonder if your regular working hours are sufficient to handle everything. And with over 15,855 licensed financial advisers in Australia, how can your business survive and excel in such a fiercely competitive industry?

The answer lies in a practical and effective solution: hiring reliable Financial Planning Virtual Assistants. Read along as we explore how you can make this happen for your business.

Client Services Overload

The Problem: Client interfacing tasks like appointment scheduling, document management and email communication to superannuation providers, fund managers, administrators and clients can consume a significant portion of an advisor’s day, leaving them less time for more urgent client-focused activities.

The Solution: Virtual Assistants with extensive industry experience are especially adept at client services support. They can take charge of data entry, prefill forms, preparation of due diligence, calendar management, obtaining documents, banking arrangements and email correspondence for your business. Through this added assistance, advisors can reclaim their valuable time for core responsibilities, such as client consultations and financial planning.

Data Management Challenges

The Problem: Maintaining the integrity and accuracy of client data is the heart of any financial advisory business. The only problem is data entry and database management can be prone to errors. You may think it isn’t a big deal, but correcting clerical mistakes, no matter how small can be costly and can take a chunk of your working time.

The Solution: You can count on Financial Planning VAs to manage your client databases while ensuring precision and reducing the risk of data errors. This solution will help you focus on your client’s financial goals without worrying about the mountain of files you have to update.

Compliance Hassles

The Problem: Compliance with regulations is a critical responsibility, regardless of which industry you’re building your business around. As you may already know, the internal compliance metrics in Australia’s financial industry can be intricate and demanding. In addition to meeting educational and licensing prerequisites, it’s crucial to stay updated on the latest disciplinary frameworks instituted by regulatory bodies.

The Solution: If you’re having trouble keeping up with these procedures, Financial Planning VAs can assist you in navigating compliance complexities. They help ensure that your documents and processes align with industry regulations. On top of that, they can maintain well-organised records and facilitate compliance checks to avoid technical lapses that may affect your business operations.

Industry Research and Analysis

The Problem: It’s no secret that advisors rely on market research and data analysis to make well-informed investment decisions for their clients. However, consistently gathering and analysing this data often overlaps with other crucial business activities.

The Solution: Find Virtual Assistants with strong research and analytical skills. These professionals have enough industry knowledge to conduct market research, analyse data, and monitor changing trends. Advisors can make informed investment decisions quicker and more efficiently if these valuable insights and information are readily available to review or consult.

Client Retention and Management

The Problem: Effective management of client relationships requires meticulous record-keeping, follow-ups, and personalised service. Unfortunately, not all financial advisors have the time to deal with this, causing them to lose clients unintentionally.

The Solution: More often than not, Virtual Assistants with industry experience are proficient in using CRMs to manage client interactions, tasks, and follow-ups. With their expertise, they can help advisors maintain accurate client records to provide personalised service efficiently.

How Can Virtual Office Angels Help Your Financial Planning Business?

Virtual Office Angels Pty Ltd. takes pride in supporting financial planners in reaching new heights in their careers and businesses. With our skilled VAs, we make sure that you can seize opportunities and thrive in a competitive industry.

If you decide to work with us, we assure you that our Virtual Assistants are ready to contribute to your business from Day 1. Here are the skills you expect from them:

• Technical knowledge in Australia’s Financial & Investment industries
• Professional experience in drafting SoAs and following technical strategies
• Hands-on experience in utilising XPLAN and XPLAN tools, Midwinter, AdviserLogic, etc
• Capable of handling day-to-day administrative tasks
• Highly well-versed with compliance requirements

Final Thoughts

With the support of a top-notch virtual assistant, financial planners can reclaim their most valuable resource: time. Instead of getting overwhelmed with paperwork, your newfound time can be dedicated to finding new clients, expediting applications, and staying ahead in a rapidly evolving industry.

Trusting Virtual Office Angels Pty Ltd. is not just an investment; it’s a strategic decision that can lead to greater heights in a financial planner’s career.

If you’re ready to reap the benefits of having a highly skilled virtual assistant tailor-made for your business needs, contact Virtual Office Angels Pty Ltd. at 1300 737 883 or send an email to clientcare@virtualofficeangels.com.au.