Paraplanner

Paraplanner

Location of Role: Mayfair, London

Salary Range: £40,000 - £50,000 per annum, plus performance related bonus scheme

Contract: Permanent position

Hours: 40 hours per week but flexibility will be required to achieve objectives

Experience required: A good understanding of the financial services regulation & holistic financial planning, having been performing the role of Paraplanner

Qualifications: Chartered Financial Planner or UK Diploma in regulated Financial Advice

Main Purpose of role

Provide a full professional financial planning support to financial advisers, Partners and Private Client Managers

Key responsibilities & duties

Prepare and maintain client files

• With the Partner and or Private Client Manager (PCM), collect quantitative detailed information required to compile a Financial Plan;
• Ensure that all compliance paperwork is present;
• Ensure that all Know Your Client information (KYC) is up to date and accurate;
• Confirm risk profile is determined and has been agreed with the client;
• Discuss client objectives with Partner and or PCM;
• Identify and obtain the information necessary to compile financial cash flow forecast;
• Compile net worth statement; income and expenditure statements and financial cash flow forecast and discuss with Partner and or PCM.

Prepare recommendations

• Identify areas for planning;
• Undertake research both independently and with the Partner and or PCM to identify suitable solutions to meet the clients need;
• Prepare information/comparisons for analysis by the Partner and or PCM;
• Consider allocation of assets for investment strategy with regard to client risk profile and in line with Blevins Franks models;
• Ensure that all investment strategies are approved by the Investment Team;
• Prepare draft recommendation reports to be discussed/signed off by the Partner and or PCM within defined service levels;
• Prepare suitability letters in accordance with the agreed recommendations within defined service standards.

Where appropriate build cash flow models

• Ensure that quantitative data used by the cash flow modelling tool is correct;
• Interpret qualitative data received from Planner and build scenarios using cash flow modelling tool.

Oversee implementation of recommendations

• Oversee the completion of application/proposals forms;
• Ensure all compliance paperwork is in order;
• Oversee changes to clients’ investments as instructed;
• Oversee implementation of the agreed recommendations.

Provide assistance for client reviews

• Act as main point of contact for the Partner and Private Client Manager to assist them with dealing effectively with queries from clients and other parties through effective communication;
• Attend client meetings when required;

Experience & skills qualifications requirements for this role:

• Excellent understanding of the financial planning process;
• Excellent report writing skills;
• Proficient IT skills. Word processing and spreadsheet knowledge;
• Minimum 2 years’ experience working within a financial planning company;
• Experience using cash-flow forecasts.