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- Tasks: Support Wealth Managers in managing HNW/UHNW client portfolios and provide top-notch client service.
- Company: Join a boutique firm specializing in ultra-high net worth investment management.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Gain hands-on experience in financial planning while building valuable client relationships.
- Qualifications: 3+ years in a similar role; pursuing Level Diploma 4 is a plus.
- Other info: Strong communication skills and a positive attitude are essential for success.
The predicted salary is between 36000 - 60000 £ per year.
An established Boutique Wealth Management firm specializing in Ultra High Net Worth and Investment Management.
The Role:
The Paraplanner will support a team of Wealth Managers in managing HNW/UHNW client portfolios and assisting in the growth of the business while providing a high level of client service and support.
The Paraplanner will offer financial planning support to the team while maintaining client relationships. Responsibilities include:
- Preparation and implementation of recommendations.
- Preparing balance sheets for client portfolios.
- Creation and maintenance of new and existing client files.
- CGT calculations and various client reporting requirements.
- Monitoring client accounts to ensure compliance with guidelines and updating as necessary.
The Paraplanner will have significant face-to-face exposure with clients, preparing client meeting summary documents and recommendations. Prior to client meetings, they will obtain information to create cash flow plans and follow up for the return of documentation. They will gather relevant review documents and review reports required for meetings.
Additionally, the Paraplanner will run daily, weekly, and monthly performance reports on interval systems, ensuring any irregularities are inspected and resolved, and work with platform and service providers as required.
The Candidate:
Minimum of 3 years’ experience in a similar Paraplanner/Paraplanning/Financial Planning support role within Wealth Management, with knowledge of pensions and trust work.
Candidates should be working towards Level Diploma 4 qualification if not already achieved.
A good attitude, ability to learn quickly, and a strong work ethic are vital for this role. Strong written and verbal communication skills, decision-making abilities, and attention to detail are very important. The ability to interact with staff at all levels in a fast-paced environment, sometimes under pressure, is essential.
Seniority level
Not Applicable
Employment type
Full-time
Job function
Finance, Research, and Analyst
Industries
Financial Services and Investment Management
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Paraplanner, Wealth Management , Financial Planning employer: JJSearch
Contact Detail:
JJSearch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Paraplanner, Wealth Management , Financial Planning
✨Tip Number 1
Familiarize yourself with the specific financial planning tools and software commonly used in wealth management. Being proficient in these tools can set you apart during the interview process.
✨Tip Number 2
Network with professionals in the wealth management industry, especially those who work as paraplanners or wealth managers. They can provide insights into the role and may even refer you to open positions.
✨Tip Number 3
Stay updated on current trends and regulations in financial planning and wealth management. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 4
Prepare for face-to-face interactions by practicing your communication skills. Since this role involves significant client exposure, being able to convey complex information clearly is crucial.
We think you need these skills to ace Paraplanner, Wealth Management , Financial Planning
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities of a Paraplanner in Wealth Management. Familiarize yourself with key terms like HNW/UHNW clients, CGT calculations, and client reporting requirements to demonstrate your knowledge in your application.
Highlight Relevant Experience: Make sure to emphasize your experience in financial planning support roles. Detail your previous work with client portfolios, compliance monitoring, and any specific achievements that showcase your ability to manage high-net-worth clients effectively.
Showcase Communication Skills: Since strong written and verbal communication skills are crucial for this role, include examples in your application that illustrate your ability to communicate complex financial information clearly and effectively, especially in client-facing situations.
Tailor Your CV and Cover Letter: Customize your CV and cover letter to align with the job description. Use keywords from the listing, such as 'financial planning support', 'client relationships', and 'attention to detail', to ensure your application stands out to recruiters.
How to prepare for a job interview at JJSearch
✨Showcase Your Financial Knowledge
Make sure to demonstrate your understanding of financial planning concepts, especially related to HNW/UHNW clients. Be prepared to discuss your experience with balance sheets, CGT calculations, and client reporting requirements.
✨Highlight Your Client Interaction Skills
Since the role involves significant face-to-face exposure with clients, share examples of how you've successfully managed client relationships in the past. Emphasize your communication skills and ability to handle pressure.
✨Prepare for Technical Questions
Expect questions that test your knowledge of pensions, trust work, and compliance guidelines. Brush up on relevant regulations and be ready to explain how you ensure compliance in your previous roles.
✨Demonstrate Your Attention to Detail
Provide examples of how your attention to detail has positively impacted your work. Discuss how you maintain accurate client files and monitor accounts for irregularities, as this is crucial for the Paraplanner role.
