Paraplanner

Paraplanner

North Shields Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Provide research and advice to partners, creating tailored Recommendation and Strategy reports.
  • Company: Foster Denovo is a leading financial advisory firm with over 120 advisers and 300 employees across the UK.
  • Benefits: Enjoy 25 days holiday, pension matching, life assurance, and shopping discounts.
  • Why this job: Join a supportive team focused on client satisfaction and professional growth in a reputable company.
  • Qualifications: Level 4 qualified with experience as a Paraplanner in an IFA environment.
  • Other info: Embrace a culture of knowledge-sharing and continuous development.

The predicted salary is between 36000 - 60000 £ per year.

Purpose of the job:

  • You will be responsible for providing research and advice to the Partners including Recommendation and Strategy reports.
  • We successfully deliver high level, complex reports written specifically with our clients in mind. This is achieved through a consistent high level of service and expertise both as individuals and as a team.
  • The team consists of 13 Paraplanners, including 6 seniors, a junior, and 2 trainees.

Job summary:

  • Level 4 qualified.
  • Experience of working as a Paraplanner within an IFA environment.
  • Proven record of conducting research and writing quality Recommendation reports. Focus on client friendly whilst meeting Compliance needs.
  • High level skills required:
  • Communication: verbal and written.
  • Attention to detail.
  • Balance commercial needs with Compliance musts.
  • Excellent organisational and prioritising skills:
  • Knowledge and experience:
  • Pre and post retirement.
  • Pension transfers & SIPP providers.
  • Investments.
  • Taxation.
  • Research tools & Cashflow modelling.

Main responsibilities:

  • Adhering to Foster Denovo’s Service Excellence, you will be expected to always provide exceptional client service.
  • The client is at the heart of our values and therefore all communication should be bespoke to them and written in concise Plain English.
  • Ensure the advice you provide is considerate to the client and appropriate, and if not, have the confidence to challenge the Partner.
  • You will be required to keep up to date with all relevant training and best practice to enable this standard to be met.
  • This includes company and departmental training, competence, and development initiatives.
  • Commitment to pass basic internal financial industry exams set by within 3 months of employment.
  • Regularly provide workflow updates to Partners regarding their cases so they feel in control and can manage client expectations.
  • Have a thorough understanding of the Foster Denovo advice process, reporting format, pre-approval process and regulatory requirements.
  • Work closely with other Paraplanners and the Practice Manager to share ideas and best practice. This includes: All aspects of a good customer experience. Assist your paraplanning colleagues in busy periods. Identifying any process improvements that can be made.

Key skills and personal attributes:

  • A positive, fair, and friendly service-orientated person with a “can do” attitude who is aware of the important role played by advisers and their staff in providing financial advice.
  • Honesty, integrity, and ability to maintain confidentiality.
  • Hard working and responsive to the need to deliver a high-quality support service.
  • Commercially minded and driven.

About us:
Foster Denovo currently boast over 120 Financial Advisers supported by around 300 employees across eight Foster Denovo offices throughout the UK. We have the scale and resource to provide exceptional advice and service to our clients, advisers and employees.
Our stakeholder community is an invisible bond that gives Foster Denovo its solid foundations. It also means that our people care about our reputation and brand. And as such, we aim to delight every client we come into contact with.
When you join the Foster Denovo family, you benefit from our enviable reputation and years of industry experience. In everything we do, we’re driven by a firm set of core values, and our friendly, stakeholder culture has been praised by employees, clients and partners alike.
Foster Denovo are also proud to hold the platinum investors in people accreditation which shows a clear commitment to the people who make us an employer of choice.
What we offer you:
Foster Denovo has an open, mutually supportive, knowledge-sharing culture. It’s a culture that has created the space to think differently for the benefit of our clients.
Our benefits package includes:

  • 25 days holiday (increasing by an additional day per annum up to 30 days)
  • Foster Denovo will match your personal pension contribution up to a maximum of 7.5%
  • Life assurance of up to 4 x your salary;
  • Income protection of 75% of your basic salary in the event of long term sickness
  • Employees can use our financial advisers within the company for any financial advice or knowledge
  • Interest free season tickets loans, eye care and childcare vouchers.
  • Shopping discounts benefits portal (discounts on holiday, gym and high street retailers)

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Paraplanner employer: Foster Denovo Limited

Foster Denovo is an exceptional employer that prioritises a supportive and collaborative work culture, making it an ideal place for Paraplanners to thrive. With a commitment to employee growth, including access to ongoing training and a generous benefits package, employees enjoy a fulfilling career while contributing to a client-centric environment. Located across the UK, Foster Denovo's platinum investors in people accreditation reflects its dedication to nurturing talent and maintaining a positive workplace atmosphere.
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Contact Detail:

Foster Denovo Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Paraplanner

✨Tip Number 1

Familiarise yourself with the Foster Denovo advice process and reporting format. Understanding their specific methodologies will not only help you in interviews but also demonstrate your commitment to aligning with their standards.

✨Tip Number 2

Network with current or former Paraplanners at Foster Denovo. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.

✨Tip Number 3

Stay updated on industry trends related to pensions, investments, and taxation. Being knowledgeable about current events and changes in regulations will show your dedication to the role and enhance your discussions with potential colleagues.

✨Tip Number 4

Prepare to discuss how you balance client needs with compliance requirements. Having specific examples ready will illustrate your ability to navigate these challenges effectively, which is crucial for a Paraplanner at Foster Denovo.

We think you need these skills to ace Paraplanner

Level 4 Financial Qualification
Experience as a Paraplanner in an IFA environment
Research and Analysis Skills
Report Writing Skills
Client Communication Skills
Attention to Detail
Compliance Knowledge
Organisational Skills
Prioritisation Skills
Knowledge of Pre and Post Retirement Planning
Pension Transfers & SIPP Providers Knowledge
Investment Knowledge
Taxation Knowledge
Proficiency in Research Tools
Cashflow Modelling Skills
Team Collaboration Skills
Process Improvement Identification
Confidentiality and Integrity
Commercial Awareness
Customer Service Orientation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your Level 4 qualification and relevant experience as a Paraplanner. Emphasise your ability to conduct research and write quality Recommendation reports, showcasing any specific examples that demonstrate your skills.

Craft a Compelling Cover Letter: In your cover letter, address how your communication skills and attention to detail align with the company's values. Mention your understanding of compliance needs and your experience in providing client-friendly advice.

Showcase Relevant Experience: When detailing your work history, focus on your experience within an IFA environment. Highlight specific instances where you balanced commercial needs with compliance requirements, and how you contributed to a positive client experience.

Demonstrate Continuous Learning: Mention any relevant training or certifications you have completed, especially those related to financial advice processes, pension transfers, or taxation. This shows your commitment to staying updated in the industry and aligns with Foster Denovo's emphasis on ongoing development.

How to prepare for a job interview at Foster Denovo Limited

✨Showcase Your Research Skills

Be prepared to discuss your experience in conducting research and writing Recommendation reports. Highlight specific examples where your research led to successful outcomes for clients, demonstrating your ability to balance client needs with compliance requirements.

✨Communicate Clearly and Concisely

Since the role requires bespoke communication with clients, practice explaining complex financial concepts in plain English. During the interview, focus on your verbal and written communication skills, as these are crucial for the position.

✨Demonstrate Attention to Detail

Prepare to discuss how you ensure accuracy in your work. Bring examples of how your attention to detail has positively impacted your previous roles, especially in producing high-quality reports that meet compliance standards.

✨Emphasise Team Collaboration

Foster Denovo values teamwork, so be ready to share experiences where you've worked closely with colleagues to improve processes or support each other during busy periods. Highlight your willingness to share ideas and best practices with the team.

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