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The Role
The role of the Paraplanner is to support the Financial Planners when informing and advising Clients on financial strategies, plans and products.
Qualifications: Minimum Diploma in regulated financial planning
Experience: 3 years’ experience working in financial advice practice. Minimum 1-year paraplanning experience
Key Contributions and Outputs
- Supporting the Financial Planners in research and analysis to meet Client needs and objectives
- Supporting the Financial Planners in preparing Client financial plans and suitability reports
- Developing and maintaining internal relationships to help maintain business flow and meet agreed targets
- Promoting the profile of the business within the profession and wider communities
- Continuous professional development to meet regulatory requirements and personal development needs
- Ensuring that any business conducted is done in a responsible and compliant manner, meeting all legislative requirements, both internally and externally.
Nature and scope of contributions
The role holder is responsible for:
- The technical aspects of preparing for Client meetings, including:
- Preparing and compiling financial analysis data
- Analysing Client data and preparing cash flow analyses
- Researching products to support recommendations
- Compiling financial planning recommendations and suitability reports
- Providing support to the Financial Planners
- Ensuring that all regulatory and compliance standards are met
- Liaising with product providers and other relevant third parties
- Ensuring that all Client requirements are followed through to the appropriate conclusion
- Managing, recording and monitoring Client annual reviews on behalf of the Financial Planners
- Assisting the Financial Planners with Client presentations and any other activities as agreed
- Individual workflow and task delivery
The role holder may be required to travel for Client visits. This may involve working outside office hours.
The role holder will keep up to date with legislative and industry changes which affect the business and its Clients.
The role holder may, from time to time, be required to undertake reasonable additional or other duties as are necessary to meet the needs of the business.
