At a Glance
- Tasks: Support financial planners by preparing client files and conducting cash flow analysis.
- Company: Join LGT Wealth Management, a leading firm with a fresh approach to wealth management.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Dynamic workplace with opportunities for growth and learning.
- Why this job: Make a real impact in clients' financial futures while growing your career.
- Qualifications: CII Diploma in Regulated Financial Planning or equivalent; 3 years of paraplanning experience preferred.
The predicted salary is between 40000 - 50000 € per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT. Our head office is based in London with a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. Our mission is to create long-term value for all stakeholders, and our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Our core values are belonging, respect, integrity, conviction and entrepreneurship.
The Wealth Planning team is responsible for the provision of comprehensive financial planning advice to individuals, companies, partnerships and trusts. We work with our clients to create a bespoke financial plan, considering the whole of the market in order to find the best financial planning solutions. We are involved in a broad range of activities including:
- Cash flow analysis
- Psychometric risk profiling
- Retirement planning
- Pension aggregation
- Income tax planning
- Inheritance tax planning
- Business planning
- Protection for death
- Protection for illness
- Savings
- Long term investments
- Offshore and international planning for non-domiciled and non-resident clients
- Venture Capital Trust, Enterprise Investment Scheme and Business Relief advice
Key Responsibilities:
- Preparation and maintenance of client files
- Collect and analyse client’s financial information and work with the Wealth Planner to determine strategies for meeting the client’s financial objectives.
- Ensure that all compliance documentation is recorded in line with LGT Wealth Planning’s procedure manual and FCA guidelines.
- Accurately record client information and documentation within ‘Intelligent Office’ back office management system.
- Identify and obtain the information necessary to complete a cash flow model (if required).
- Interpret data received from the client and build a cash flow model using our cash flow modelling tool.
- Prepare an analysis document which details the outputs and key findings from the modelling, in line with the requirements of the Wealth Planner and client.
- The Paraplanner may attend client meetings with the Wealth Planner (as required).
- Research and record all technical and product data relevant to the client and to the specific advice we are providing.
- Provide technical support to the Wealth Planner regarding specific queries relating to the advice we are providing.
- Analyse the client’s existing products/ financial arrangements to determine suitability in meeting the client’s objectives.
- Manage the preparation and completion of comprehensive financial advice letters and suitability reports in line with LGT Wealth Planning’s procedure manual.
- Liaise with the client’s LGT investment manager, legal advisor, accountant and tax advisers, etc (where applicable).
- Oversee implementation of recommendations.
- Prepare for client reviews.
- Act as main point of contact with providers / third parties.
- Where required update existing cash flow models.
- Research and record on file technical and product data relevant to the client’s annual review.
Administration:
Although the team has an administration team primarily responsible for liaising with third party suppliers; the onus is on the Paraplanner to ensure the administration is completed in a time-efficient manner. This may involve letter writing, chasing letters of authority, and chasing information from third parties. In the absence of the administration team, the Paraplanner will be expected to undertake their own administration.
Requirements:
- CII Diploma in Regulated Financial Planning or equivalent
- Working towards the CII Advanced Diploma in Regulated Financial Planning would be desirable.
- 3 years’ experience working within a holistic Paraplanning role. Candidates with less experience will be considered provided they can demonstrate they meet the requirements of the Paraplanner role.
Skills and Attributes:
- Excellent understanding of the financial planning and the regulatory advice process is essential.
- Good knowledge of financial planning products and how to assess suitability relative to the client’s objectives.
- Ability to produce bespoke advice reports in clear and concise manner.
- Methodical and practical approach to work and delivering of financial advice.
- Good planning and organisational skills and able to prioritise own workload and meet agreed deadlines.
- Keep up to date with regulatory and legislative changes.
- Attention to detail.
- Experience of using cash flow planning software (Voyant would be desirable).
- Advanced Microsoft excel skills would be desirable.
We are looking forward to receiving your online application. For any further information please do not hesitate to contact us.
Paraplanner in London employer: LGT Bank
LGT Wealth Management UK LLP is an exceptional employer, offering a dynamic work culture that prioritises client-centric values and encourages innovation among its employees. With a commitment to professional development, staff can expect ample opportunities for growth within a supportive environment, all while being part of a prestigious firm backed by the Princely Family of Liechtenstein. Located in London, with additional offices across the UK, employees benefit from a collaborative atmosphere that fosters respect, integrity, and entrepreneurship.
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanner in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in wealth management. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching LGT Wealth Management's values and services. Show us you understand our mission and how you can contribute to creating long-term value for our clients.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills and experience align with the Paraplanner role. We want to hear how you can help us provide bespoke financial planning solutions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team at LGT Wealth Management.
We think you need these skills to ace Paraplanner in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Paraplanner role. Highlight your experience in financial planning and any relevant qualifications, like the CII Diploma. We want to see how you fit into our mission of putting clients first!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use examples from your past work to show how you've successfully managed client files or conducted cash flow analysis. This helps us see your practical experience in action.
Be Clear and Concise:When writing your application, keep it straightforward and jargon-free. We appreciate clarity, especially when it comes to complex financial concepts. Make it easy for us to understand your qualifications and experiences.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at LGT Bank
✨Know Your Stuff
Make sure you brush up on your financial planning knowledge, especially around cash flow analysis and compliance requirements. Familiarise yourself with the tools mentioned in the job description, like Intelligent Office and cash flow modelling software, so you can speak confidently about them.
✨Showcase Your Experience
Prepare to discuss your previous experience in a holistic Paraplanning role. Think of specific examples where you've successfully managed client files or provided bespoke financial advice. This will help demonstrate your ability to meet the expectations of the role.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about LGT Wealth Management's approach to client service and how they implement their core values. This shows your genuine interest in the company and helps you assess if it's the right fit for you.
✨Be Detail-Oriented
Since attention to detail is crucial in this role, be ready to discuss how you ensure accuracy in your work. You might want to share examples of how you've maintained compliance documentation or prepared financial advice letters without errors.
