2022-06-20 14:42:042022-07-17Jenson Fisher
Job TypePermanent Full Time
AreaCentral London, EnglandCentral LondonEnglandLondon
SectorFinancial Services - Paraplanner
Salary£40000 - £50000 per annum
Start DateASAP
Job RefV-34261
Job Views31
My client is a regional IFA targeting London and the Home Counties. They specialise in looking after the needs of their mainly mass affluent clients as they approach and arrive in retirement. The company was established in 2000 and has revenues of c£2.3m, generated from the investment, pensions and insurance work they do for their clients. They have grown rapidly into one of the larger IFA firms, with several thousand fee paying clients and around £500 million in assets under management. The company is on an upward growth trajectory. They are backed by supportive shareholders who share the firm's ambitions. They are a friendly team of people that put their staff first, evidenced by winning "number 1 financial advice firm to work for". They now have an opportunity for a Paraplanner to join their company with development opportunities into a Financial Planner role after 2 years!
The Role

Working collaboratively with advisers and other colleagues to provide a comprehensive and efficient paraplanning support service to the advisers and their clients, ensure full preparations of all necessary documents and information for recommendations to be delivered by Advisers, in line with current statutory regulations and company policies.

Main Duties & Responsibilities

Preparing and maintaining client files

Generally, the Financial Adviser will have collected qualitative information (client attitudes, goals, etc.) while the Paraplanner will collate the quantitative detailed information required to compile a financial plan.
  • Check all compliance paperwork is present.
  • Confirm client risk profile is determined.
  • Discuss client objectives with the adviser.
  • Identify and obtain the information necessary to compile financial cashflow forecast.
  • Compile draft net worth statement, income and expenditure statements and financial cash-flow forecast and discuss with planner.

Preparing recommendations
  • Identify areas for planning.
  • Undertake research, both independently and with the adviser to identify suitable solutions to meet clients’ needs.
  • Prepare information/comparisons for analysis by the adviser.
  • Liaise with clients’ professional contacts, such as legal and tax advisers (if applicable).
  • Consider current and future allocation of assets for investment strategy with regard to client risk profile.
  • Prepare draft recommendation reports to be discussed/signed off by the adviser.
Implementing recommendations
  • Prepare suitability letters in accordance with the agreed recommendations.
  • Complete application/proposals/illustration forms.
  • Make changes to clients’ investments as instructed.
  • Implement the chosen investment strategies.

  • Provide a point of contact for, and deal effectively, with queries from clients and other parties.
  • Establish and build strong relationships with clients and attend client meetings with the Adviser if required.
  • Review investment portfolio, asset allocation, against a clients’ agreed risk profile, etc.
Paraplanning Responsibilities
  • Assist the Adviser in establishing new client relationships.
  • Assess clients’ financial circumstances.
  • Prepare financial statements to support the development of clients’ financial strategies, using various software solutions as appropriate.
  • Carry out research and analyse products and services that are appropriate to each client’s financial circumstances.
  • Propose and draft financial solutions that meet clients’ goals, needs and objectives.
  • Assist with the accurate completion of application and proposal forms.
  • Implement actions such as changing existing investment holdings and policy information, as directed by the Adviser.
  • Develop productive working relationships with colleagues and clients throughout the financial services environment.
  • Hold a Level 4 diploma in financial planning or have made good progress towards attaining an industry recognised qualification.
  • Minimum of 2 years' Paraplanning experience
  • Ability to analyse financial issues and offer sound, reliable and professional advice
  • Ability to collate and present financial information
  • Ability to understand and analyse financial and non-financial data
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