Paraplanner
| Area | London, UK |
| Sector | Financial Services |
| Salary | £50,000 - 55,000 |
| Start Date | ASAP |
| Advertiser | Revan Tish |
| Job Ref | V-V39997 |
- Description
- My client are a boutique wealth planner, asset manager and employee benefits specialist. As they are independent, this allows them to provide objective advice that is aligned to a client’s best interests, delivered by teams steeped in financial services knowledge and experience. They have built their Company on integrity and trust, because doing what is right for their clients is best for their business. They have also been awarded Corporate Chartered status by the Chartered Insurance Institute – the industry gold standard for financial planners evidencing ethical practice, professional, competent and knowledgeable advice, and a commitment to providing service and support of the highest quality. The Role The Paraplanner role will provide financial planning support to an adviser in a successful team, assisting them in delivering an outstanding holistic financial planning service to new and existing clients, with clarity and in the context of the degree of complexity advising these clients necessarily involves. Responsibilities
- Gathering and analysing comprehensive, detailed information from clients, their professional advisers and others
- Producing comprehensive and clear suitability letters for clients
- Preparing a series of lifetime cashflow models relevant to each client’s circumstances, objectives and possible financial outcomes, communicating these models to the client in person and/or in writing as requested by the Advisers, and dealing with queries and modified scenarios as required
- Constructing and producing a financial plan to address each client’s lifetime objectives in the context of these cashflow models, generally comprising (but not limited to) contingency planning, legacy/succession planning, asset allocation/wealth management and tax planning
- Preparing for and attending some client meetings when appropriate, taking detailed written notes and following up on any technical points after the meeting
- Carrying out regular reviews of clients’ financial plans, circumstances and objectives
- Dealing with technical client queries as and when they arise
- Keeping abreast and interpreting new technical information, legislative and regulatory changes from various in-house and external sources. Communicating any changes with their team to help them remain compliant with FCA and internal compliance procedures
- Engaging with intelligent, demanding clients, developing and maintaining outstanding, long- term relationships
- Liaising with other technical staff in order to ensure a consistent client experience
Experience & Qualifications Required
- Be working in a paraplanning role involving direct contact with high net worth clients
- Have 3+ years’ experience within the independent sector of the financial services industry
- Be Diploma qualified
- Have excellent knowledge of investment, life and pensions products and current legislation
- Have a comprehensive understanding of Income Tax, CGT, IHT, Trusts and both DC and DB pension transfers
- Understand the importance and benefits of lifetime cashflow modelling
- Ideally have experience of Voyant cashflow modelling software
- Be proficient in the use of Microsoft Office packages (computer literacy is a pre-requisite for this role)
- Previous experience of using Intelliflo will be an advantage
