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Paraplanner

Location
Hertfordshire
Salary
£30,000 - £36,000
Sector
Finance
Degree Discipline & Classification
Educated to The Graduate standard
UCAS Points
N/A
Job Ref
TGR 1959

About Our Client

This financial services and wealth management firm is highly regarded in their field and has an enviable reputation for high standards of professionalism.

The essence of this firm is the provision of personal face to face financial advice. There is no single solution, each individual has their own personal concerns, responsibility and ambitions and their advice is tailored accordingly. They provide their clients with advice that is based upon four key principles, honesty, trust, lasting relationships and service. They strive to earn your trust through their actions and commitment to your success. Trust is not just a word to them; it underpins the very nature of what they do.

Roles & Responsibilities

The Paraplanner role is broken down into four key parts:

Preparing and maintaining the client file

  • The paraplanner collects all the quantitative detailed information required to compile a financial plan meaning they may attend client meetings. Specific activities include:
  • Check all compliance paperwork is present
  • Confirm client risk profile is determined
  • Discuss client objectives with planner
  • Identify and obtain the information necessary to compile financial cashflow forecast
  • Compile draft net worth statement; income and expenditure statements and financial cashflow forecast and discuss with planner

Preparing recommendations

  • Identify areas for planning
  • Undertake research both independently and with the Financial Planner to identify suitable solutions to meet the clients needs
  • Prepare information/comparisons for analysis by planner
  • Liaise with client’s legal and tax advisers (if applicable)
  • Consider current and future allocation of assets for investment strategy with regard to client risk profile
  • Prepare draft recommendation reports to be discussed/signed off by planner

 

Implementing recommendations

  • Prepare suitability letters in accordance with the agreed recommendations
  • Complete application / proposals forms
  • Ensure all compliance paperwork is in order
  • Make changes to clients’ investments as instructed
  • Implement the chosen investment strategies

Review

  • Act as main point of contact and deal effectively with queries from clients and other parties through effective communication
  • Establish and build strong relationships with clients and attend client meetings with planner
  • Organise future planning meetings with client
  • Review investment portfolio, asset allocation, risk profile etc
  • Send planning figures to client for update and revision in preparation for next meeting
  • Initiate review meetings with clients

 

Skills Required

Essential

  • Must have completed a placement year (minimum) in financial services
  • Must have a good understanding of the Financial Planning process
  • Be able to work within defined business processes
  • Ability to achieve agreed outcomes independently without supervision and as part of a team
  • Prioritise and plan own workload, with the ability to multi task
  • Be detailed and accurate
  • Be articulate with excellent inter‐personal skills, both written and verbal
  • Good IT skills
  • Good report writing skills
  • Certificate in Financial Planning/ Certificate for Financial Advisers
  • Taxation (J01)

Desirable

  • Broad knowledge of financial services world
  • High level of technical knowledge
  • Trusts (J02)
  • Investments (IMC)
  • Other technical areas (Pensions, Long‐term Care)
  • Certified Financial Planner Certification

Benefits

Pension. Funded social events. Full financial support to continue to study industry professional qualification.

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