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Paraplanner - Hertford
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Blakemore Recruitment
Paraplanner - Hertford

Paraplanner - Hertford

Hertford Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our team as a Paraplanner, conducting research and preparing financial plans.
  • Company: We're a leading Financial Planning firm in Hertford, focused on holistic financial solutions.
  • Benefits: Enjoy flexible working options and a supportive team environment.
  • Why this job: Make a real impact by helping clients achieve their financial goals while developing your skills.
  • Qualifications: Experience in financial planning is essential; strong analytical and communication skills are a must.
  • Other info: Work permit may be required for non-passport holders.

The predicted salary is between 28800 - 43200 £ per year.

We are currently recruiting for a Financial Planning firm based in Hertford who are looking for an experienced Paraplanner to join their team.

The business is involved in holistic financial planning, with the primary areas of business being:

Investment Planning and Financial Management

Pension Planning pre and post-retirement

Trusts and IHT Estate Planning

Group Personal Pensions and Group Risk Benefits

The fundamental role of a paraplanner as follows:

  • Research and Analysis : Paraplanners gather information on financial products, market trends, and regulatory changes to provide IFAs with insights that inform client recommendations. They analyse clients’ existing financial positions and assess future needs based on factors like risk tolerance, investment goals, and tax efficiency.
  • Financial Planning Preparation : A major responsibility is to prepare comprehensive financial plans for clients. Paraplanners translate the IFA’s broad strategy into detailed, actionable plans that include investment recommendations, retirement planning, tax strategies, and estate planning options.
  • Report and Document Preparation : Paraplanners draft suitability reports, which document the rationale behind financial advice provided to clients. This documentation is crucial for both transparency and regulatory compliance, as it ensures that recommendations meet regulatory standards and align with the client\’s best interests.
  • Regulatory Compliance : Paraplanners help ensure that all advice and recommendations adhere to FCA regulations. This includes conducting Know Your Client (KYC) checks, Anti-Money Laundering (AML) processes, and ensuring all documentation is properly filed and accessible for audits.
  • Product Recommendations and Comparisons : Paraplanners assist in selecting the most suitable financial products by comparing available options. They assess costs, benefits, and potential risks associated with each option to determine the most appropriate fit for the client’s needs.
  • Client Liaison and Support : Although Paraplanners are typically in a back-office role, they may communicate directly with clients to clarify information, gather additional details, or provide follow-up support. This communication helps streamline the advisory process and enhances client experience.
  • Administrative Support : Paraplanners often take on a range of administrative tasks, including updating client files, maintaining financial databases, and tracking the progress of financial applications. These tasks are essential for keeping client records accurate and up-to-date, which in turn facilitates smooth and efficient service delivery.

    • Core Skills and Capabilities of a Paraplanner:

  • Technical Knowledge : Paraplanners possess a deep understanding of financial products, tax implications, pension schemes, investment vehicles, and regulatory frameworks. This knowledge allows them to evaluate complex financial situations accurately.
  • Analytical Skills : Strong analytical skills are essential, as Paraplanners need to assess a client’s financial situation, identify trends, and anticipate potential outcomes of recommended strategies.
  • Attention to Detail : Accuracy is crucial in financial planning, as even small errors can lead to significant consequences. Paraplanners ensure precision in reports, calculations, and compliance checks to maintain trust and protect clients\’ interests.
  • Regulatory Awareness : A solid grasp of financial regulations and compliance requirements is vital. Paraplanners stay informed on changes in legislation and ensure all client advice aligns with the latest standards, reducing risk for both the IFA and the client.
  • Software Proficiency : Paraplanners are proficient in using financial planning software and portfolio management tools that aid in creating and managing client plans.
  • Communication Skills : While often working in the background, Paraplanners need clear communication skills to articulate complex financial information to both IFAs and, when required, to clients. This ensures all stakeholders understand the advice and actions being taken.

    • Paraplanner - Hertford employer: Blakemore Recruitment

    Join a leading Financial Planning firm in Hertford, where we prioritise employee development and foster a collaborative work culture. Our commitment to holistic financial planning not only empowers our clients but also provides our team with continuous learning opportunities and the chance to make a meaningful impact in people's lives. Enjoy competitive benefits and a supportive environment that values your expertise as a Paraplanner.
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    Contact Detail:

    Blakemore Recruitment Recruiting Team

    View Blakemore Recruitment Profile

    StudySmarter Expert Advice 🤫

    We think this is how you could land Paraplanner - Hertford

    ✨Tip Number 1

    Familiarise yourself with the latest financial regulations and compliance requirements. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a constantly evolving industry.

    ✨Tip Number 2

    Network with professionals in the financial planning sector, especially those who work as paraplanners or IFAs. Attend industry events or join relevant online forums to gain insights and potentially get referrals for job openings.

    ✨Tip Number 3

    Showcase your analytical skills by preparing case studies or examples of how you've successfully assessed financial situations in the past. Being able to discuss real-life scenarios can set you apart from other candidates.

    ✨Tip Number 4

    Brush up on your software proficiency, particularly with financial planning tools and portfolio management software. Being well-versed in these applications can give you an edge during the interview process.

    We think you need these skills to ace Paraplanner - Hertford

    Technical Knowledge of Financial Products
    Analytical Skills
    Attention to Detail
    Regulatory Awareness
    Software Proficiency in Financial Planning Tools
    Communication Skills
    Research and Analysis
    Report and Document Preparation
    Client Liaison and Support
    Understanding of Tax Implications
    Knowledge of Pension Schemes
    Investment Vehicle Assessment
    Administrative Support Skills

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities of a Paraplanner. Familiarise yourself with the key areas such as investment planning, pension management, and regulatory compliance to tailor your application accordingly.

    Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in financial planning or paraplanning roles. Be specific about your analytical skills, attention to detail, and any software proficiency that aligns with the job requirements.

    Craft a Strong Cover Letter: Your cover letter should not only express your interest in the position but also demonstrate your understanding of the financial planning industry. Mention how your skills can contribute to the firm's goals and enhance client experiences.

    Proofread Your Application: Accuracy is crucial in financial roles. Before submitting your application, thoroughly proofread all documents for spelling and grammatical errors. This will reflect your attention to detail and professionalism.

    How to prepare for a job interview at Blakemore Recruitment

    ✨Showcase Your Technical Knowledge

    Make sure to brush up on your understanding of financial products, tax implications, and regulatory frameworks. Be prepared to discuss how your knowledge can help in evaluating complex financial situations.

    ✨Demonstrate Analytical Skills

    During the interview, highlight your ability to assess a client's financial situation and identify trends. You might be asked to analyse a hypothetical case, so practice articulating your thought process clearly.

    ✨Emphasise Attention to Detail

    Accuracy is key in this role, so be ready to discuss how you ensure precision in your work. You could mention specific examples where your attention to detail made a significant difference in your previous roles.

    ✨Prepare for Regulatory Questions

    Familiarise yourself with current FCA regulations and compliance requirements. Be prepared to explain how you stay informed about changes in legislation and how you ensure that your advice aligns with these standards.

    Paraplanner - Hertford
    Blakemore Recruitment
    Location: Hertford
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