Paraplanner

Roles & Responsibilities

Paraplanner

Overview

This highly professional IFA Group provides wealth management advice to high net worth individuals. They are looking for an experienced Paraplanner to join a small team of equally experienced staff. You should be able to work within a small team and have the confidence to deal directly with Clients and Advisers. We are looking for a qualified and experienced paraplanner who has drive and determination to succeed in their role, with an eye for detail, a willingness to learn and a "can do" attitude to support Advisers in carrying out high quality research on a full range of financial planning products in line with Group IFA's advice process and compliance framework.

You will be responsible for writing detailed reports resulting in specific product/company recommendations.

Position Overview

Position Status: Permanent Full Time

Reporting Relationships: Reporting to Managing Director

Expected hours of work: Standard hours are 9am to 5pm, Monday to Friday

Role

• Ability to understand and articulate The Advisers requirements, flagging any concerns where appropriate.
• Obtaining information on a client's existing financial arrangements and conducting a gap analysis.
• Producing a strategy report and making high level recommendations in line with the clients' objectives where required.
• Researching the market in line with guidelines from The Advisers, The Client's circumstances and objectives for product and service solutions and preparing personalised high-quality reports written in plain English and include any compliance requirements.
• Communication with the Adviser throughout this process is of paramount importance.
• Have a thorough understanding of the Group IFA advice process, strategy and suitability letter format, pre-approval process and the regulatory requirements imposed by the FCA and be able to deliver against these in agreed timescales.
• Understand each client's circumstances, objectives, attitude to risk, capacity for loss, knowledge and experience and timescales to ensure advice is appropriate.
• Prepare analysis of client's existing portfolio.
• Conducting research and produce client facing strategy reports to facilitate business writing opportunities.
• Prepare research and quotations for client meetings.
• Deal with client and provider correspondence (as part of the research and reporting process).
• Follow the Group IFA client services process to deliver a personalised and high-quality service to Advisers.
• Prepare valuations and portfolio commentary for client meetings and updates.
• Liaise with colleagues and compliance to assist the approval and submission of compliant new business.
• Input client information onto the back-office system and ensure all tasks are recorded and acted upon within the agreed timescales. Ensure client history is maintained.
• Provide regular updates to the Adviser.
• Develop working relationships with product providers.
• Understand workflow and be able to deliver and report against various tasks, ensuring all concerned parties can easily review case status.
• Work closely with other paraplanners within Group IFA to share ideas and best practice, including assisting Manager with all aspects of a good customer experience and identify any improvements that can be made.
• Undertake any other duties commensurate with skills and experience.
• Participate in appropriate company and departmental training, competence and development initiatives.

Salary: In the region of £32,000 - £40,000 pa depending on experience

Experience/ Qualifications:

Essential

• Excellentorganisationaland prioritisingskills,withthe abilitytostayfocusedunder pressure.
• Excellentverbalandwritten communicationskills.
• Abletocommunicateand influenceatalllevels.
• Highlynumerateand analyticalwithexcellent attentiontodetail.
• Self-motivatedandableto workonowninitiative.
• Teamplayer
• Solutionsorientated.
• Abilitytothinkoutsidethe box.
• Previousexperienceof workingwithinanIFA environmentwithagood knowledgeofallretail investmentproducts.
• StrongPCskillswithgood knowledgeofMSWord, ExcelandOutlook.
• Abilitytobalancecommercial needswithcompliance requirements.

Desirable

• Workingtowardsorachievement of CII Diploma/Chartered Status
• Knowledgeofresearchtools& software(e.g.AEQUOSEngage, Trustnet,Analytics).
• Knowledgein otherareassuch as protection and IHTplanning.
• KnowledgeofSIPPproviders, permittedinvestmentsand specialistfunds.
• Understandingofindustry initiativesincludingTCFand RDR.
• Ableto assistwithtrainingand coachingof juniormembersof staff.
• Desiretomaintainknowledgeof industrydevelopments.
• Capableofdeveloping relationshipswithprovidersand leveragingthesewhenrequired.
• Abletoidentifyprocess improvements.