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Role: Senior Paraplanner
Position Overview
As a member of the paraplanning team, you will work collaboratively with the financial planners and compliance team to deliver quality and tailored financial planning services to clients. You will strive to deliver good outcomes for clients by analysing their needs, researching solutions and writing compliant and suitable recommendations that clients will value.
Key ResponsibilitiesAs a member of the paraplanning team, you will work collaboratively with the financial planners. Responsibilities include:
- Financial Planner Support: Providing support to the financial planners in completing non-client facing tasks in relation to the preparation and administration of recommendations being made.
- Reviewing Client Needs: Working closely with the financial planners to review client information from fact finds, meeting notes and existing records to gain a good understanding of the client profile, needs and objectives.
- Research: Undertaking relevant research and gathering supporting documentation and application paperwork for the advice.
- Financial Plans: In collaboration with financial planners, constructing high-quality financial plans for clients in a timely manner, ensuring their accuracy, compliance and adherence to industry regulations and internal standards.
- Quality Assurance: Ensuring client files contain all required documentation to demonstrate compliance and suitability of advice.
- Cashflow Modelling: Preparation of lifetime cashflow modelling to develop the client’s holistic financial plan.
- Client Queries: Handling of client queries where required.
- Teamwork: Working closely with and providing support to the relevant financial planners and other members of the paraplanning team. Working with administrators to ensure they understand the advice given and their objectives.
- Preparation for meetings - helping the financial planner prepare for meetings by completing the valuation packs and doing all other necessary work.
- Meeting attendance - attendance at meetings alongside the financial planner to provide support in advising the clients and preparing meeting notes when required.
Key attributesYou must possess the following skills, experience and attributes:
- The ability to communicate at all levels with good written and verbal communication skills
- Good interpersonal skills, be a team player who is supportive of others and promotes a positive working environment and culture
- Good organisational, analytical and problem-solving abilities
- Good attention to detail
- Proficiency in navigating and utilising financial planning software and tools/reporting on common platform providers
- Good IT skills (Microsoft Word, Excel, SharePoint, Teams etc).
- Commitment to maintaining the highest ethical standards.
- Commitment to continued professional development.
To excel in this role, you should possess the following knowledge and qualifications:
- Good product and solutions knowledge from across the market to include but not limited to pensions, investments (in particular, model portfolios as a core solution for clients), inheritance tax planning and protection
- A good understanding of UK financial regulations and compliance requirements
- Proven experience in paraplanning of at least two years
- Qualified to level 4 Diploma in Financial Planning
