Paraplanner
North London
Hybrid (3 days per week in office)
Competitive negotiable, plus benefits and exam support.
This position offers excellent career progression.
A multi-office, award winning Wealth Manager currently requires an experienced and qualified Paraplanner to join its friendly and vibrant team, on a hybrid basis, the office being based in North London.
Paraplanner - Job Description
The role of a Paraplanner is to support one or more Financial Advisor/s with the advice processes in a compliant and efficient manner.
The Paraplanner role involves:
Managing tasks and the advice processes on X-Plan (back-office system) and having a full understanding of relevant processes for the job role, including but not limited to:
- Advice process - Including an understanding of the requirements for high-risk business/preapproval from compliance
- Fund switches
- Withdrawals
- Review process
- Conducting regular meetings with the Adviser(s) in order to:-
- Manage new business cases/submissions
- Keep abreast of the Adviser’s(s) new business pipeline, their targets and monitoring performance against targets; (at adviser’s discretion)
- Undertaking research into the different financial products that can be held by a client and understanding which are suitable for which clients, factoring in the advantages and disadvantages of each product.
Writing client suitability reports using the company’s preferred report writing software in the following areas:-
- Protection
- Pensions/retirement planning
- Investments
- Equity release
- Cash-flow forecasting
- Keeping abreast of current regulation and legislation and being able to apply this to client scenarios to meet objectives and ensure best advice is given.
- Understanding and suitably applying the Company’s investment process and various investment offerings to meet a client’s attitude to risk, personal circumstances, and financial objectives.
Develop a working knowledge of providers’ platforms and supporting websites with:-
- General understanding and navigation of the providers sites used throughout the business
- Obtaining the correct documentation to support business sign-ups (where applicable)
- Performing online transactions (as required) – including fund switching, withdrawals, cash management
- Managing client data
- Working with the Adviser(s) to prepare for client meetings and assisting with regular client reviews (the review process).
- Supporting the Adviser(s), as-and-when appropriate, in building cash-flow models to assist the client in overseeing their financial position and forecast future financial scenarios.
- Collaborating with Advisers to ensure suitability of advice and completeness of paperwork for all clients.
- Managing fund switches on client pensions and investments, ensuring they are invested in line with their risk profile