At a Glance
- Tasks: Support Financial Planners in delivering top-notch financial advice and strategies.
- Company: Join a leading wealth planning team with a focus on client success.
- Benefits: Enjoy a hybrid work model, competitive salary, and professional growth opportunities.
- Other info: Dynamic role with opportunities for career advancement in financial planning.
- Why this job: Make a real difference in clients' financial lives while developing your skills.
- Qualifications: Level 4 Diploma in Financial Planning and strong analytical skills required.
The predicted salary is between 30000 - 40000 £ per year.
Reports To: Paraplanning Manager
Position Type: Permanent
Working Hours: Monday–Friday, 9:00am–5:00pm
Working Arrangement: Hybrid (up to 2 days remote working per week)
Department Overview
The Wealth Planning team provides comprehensive financial planning advice to individuals, companies, partnerships, and trusts. The team develops bespoke financial plans tailored to clients' objectives and circumstances across a broad range of financial planning disciplines, including:
- Cashflow modelling and analysis
- Pension consolidation
- Income tax planning
- Estate and inheritance tax planning
- Business financial planning
- Protection planning
- Investment and savings strategies
- International and cross-border financial planning
- Tax-efficient investment solutions
Role Purpose
The Assistant Financial Planner provides professional and technical support to Financial Planners, helping clients achieve their financial objectives through the delivery of high-quality financial planning advice and recommendations. The role supports advisers located across multiple regional offices and requires the ability to work effectively with colleagues remotely. The Assistant Financial Planner may also assist with wider business activities and projects as required.
Key Responsibilities
Client File Preparation and Maintenance
- Gather and analyse client financial information.
- Support Financial Planners in developing strategies to meet client objectives.
- Maintain accurate client records and documentation.
- Ensure all compliance requirements are met in accordance with regulatory standards and internal procedures.
- Obtain and verify information required for financial planning and cashflow modelling.
Cashflow Planning
- Build and maintain client cashflow models.
- Ensure data accuracy and integrity within planning software.
- Analyse modelling outputs and prepare supporting documentation.
- Present findings and planning outcomes clearly and effectively.
Research and Advice Support
- Attend client meetings where appropriate.
- Conduct technical and product research to support advice recommendations.
- Analyse existing financial arrangements and assess suitability.
- Assist Financial Planners in identifying appropriate solutions for clients.
- Perform financial calculations relevant to client recommendations.
- Provide technical support on complex planning matters.
Report Writing
- Prepare comprehensive suitability reports and financial planning recommendations.
- Produce clear, concise and client-friendly documentation.
- Ensure all recommendations are supported by accurate client information and appropriate research.
- Obtain relevant approval and sign-off before reports are issued.
Stakeholder Management
- Liaise with investment managers, solicitors, accountants, tax advisers and other professional connections where required.
- Act as a key contact point for providers and third parties.
Implementation and Ongoing Service
- Take ownership of advice cases through to completion.
- Support the implementation of recommendations.
- Work closely with administration teams to ensure efficient processing.
- Prepare documentation and research for ongoing client reviews.
- Update cashflow plans and planning assumptions where required.
Administration
- Monitor progress of client cases and ensure administrative tasks are completed efficiently.
- Assist with provider correspondence, information gathering and case management activities.
- Provide additional administrative support when required.
Knowledge and Qualifications
- Level 4 Diploma in Financial Planning (or equivalent).
- Strong understanding of the financial planning advice process.
- Good knowledge of financial planning products and suitability assessment.
- Experience producing bespoke suitability reports and advice documentation.
- Understanding of regulatory and compliance requirements within financial planning.
- Progress towards or completion of a Level 6 Advanced Financial Planning qualification.
- Experience within a holistic financial planning support role.
- Experience using cashflow modelling software.
- Familiarity with financial planning back-office systems, research tools and provider platforms.
- Advanced Microsoft Excel skills.
Assistant Financial Planner employer: Bayford Hale
As an Assistant Financial Planner with us, you'll thrive in a dynamic and supportive work environment that champions professional growth and collaboration. Our hybrid working model allows for flexibility, while our commitment to employee development ensures you have access to ongoing training and mentorship opportunities. Join a team that values innovation and client-centric solutions, all within a vibrant location that fosters both personal and professional fulfilment.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Financial Planner
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bayford Hale. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Assistant Financial Planner
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bayford Hale.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bayford Hale's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bayford Hale
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bayford Hale.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bayford Hale will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bayford Hale employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
