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Job Title: Paraplanner
Location: Wakefield (Remote working options available)
Salary: Up to £40,000 (depending on experience) + Company/discretionary bonus scheme
Reference Number: 9594
Are you an ambitious, detail-oriented individual with a passion for financial planning?
We are looking for a dedicated and driven Paraplanner to join a team of Financial Planning experts, working at a National IFA in the heart of Wakefield.
This is a fantastic opportunity for someone looking to advance their career in financial planning, work closely with experienced Financial Planners, and gain exposure to investment strategies and compliance-related activities. This company will support you with your exams and progress towards Financial Advisory status.
Key Responsibilities:
- Collaborate with a nominated Financial Planner(s) to ensure client files are compliant and suitability reports are well-crafted.
- Prepare and complete annual suitability review letters, addressing any queries or concerns with the Financial Planner(s).
- Assist in maintaining research for the firm’s central investment proposition alongside the Investment Committee and Paraplanning Supervisor.
- Maintain accurate data within the firm’s CRM system.
- Act as the primary point of contact for a nominated Financial Planner(s), providing regular updates on the progress of each case.
- Ensure client files are fully compliant by verifying that all paperwork is present and accurate, risk profiles are determined, and client circumstances are documented.
- Conduct research independently and with the Financial Planner to identify the best solutions for clients' needs.
- Assess the suitability of clients’ existing portfolios, considering factors like asset allocation, risk profile, costs, and performance.
- Communicate with providers to gather all necessary plan information for advice formulation.
- Prepare draft suitability reports based on the agreed recommendations, ensuring all research and documentation meet FCA and regulatory requirements.
- Support the completion of ad-hoc tasks and maintain positive relationships with colleagues across departments.
Experience & Qualifications Required:
- Level 4 Financial Planning Diploma (CII preferred, but not essential).
- 2+ years’ experience working as a Paraplanner.
- Proficient in Microsoft Office (Excel, Word, Outlook).
- Intelligent Office expertise (Desirable)
- Strong independent work ethic
- Strong IT skills with the ability to learn new systems quickly.
- Experience in working remotely and maintaining strong working relationships with remote colleagues.
What’s on offer?
- Starting salary of up to £40,000 + Company Bonus scheme
- Hybrid working week rotation
- Option to purchase additional holiday
- Study/Paid Exam Support
- Healthcare Services
- Social events and smart spending retail/incentive schemes
If you are a motivated individual with a passion for providing excellent administrative support within the financial services industry, we would love to hear from you!
To apply, please send across your CV
About Recruit UK:
As specialists in financial services recruitment, we bring unique expertise, insight and connections, whether you are looking for a new job or are trying to fill a role. We have a reach of more than 100,000 financial services connections. Right now, Recruit UK are pleased to be working with a Wealth Management firm in Wakefield on a Paraplanner role.
Our commitment to you
- Start every journey with a conversation to find out about you in depth.
- Provide honest feedback on where you fit in the jobs market.
- Use our network across the financial world to match you to your perfect position. Or if we think you already have it, we’ll tell you.
- Take a holistic mindfulness approach - career happiness is rarely just about the money.
- Cover the whole of the UK with a local touch through our regional teams.
- Never pester you.
