At a Glance
- Tasks: Help clients achieve their financial goals through tailored planning and analysis.
- Company: Join a leading wealth planning team with a focus on innovation and client success.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and learning in the financial sector.
- Why this job: Make a real difference in people's lives by providing expert financial advice.
- Qualifications: CII Diploma in Regulated Financial Planning and experience in Paraplanning preferred.
The predicted salary is between 35000 - 45000 £ per year.
The Wealth Planning team is responsible for providing comprehensive financial planning advice to individuals, companies, partnerships, and trusts. We work with clients to create bespoke financial plans, considering the whole market to find the best solutions.
Areas of Focus
- 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 and 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 client objectives
- Ensure 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 information necessary to complete a cash flow model (if required)
- Build and validate cash flow models using the cash flow modelling tool, ensuring all data input is accurate and correct
- Prepare an analysis document detailing outputs and key findings from the modelling, aligned with Wealth Planner and client requirements
- Attend client meetings with the Wealth Planner as needed
- Research and record all technical and product data relevant to the client and specific advice being provided, both independently and alongside the Wealth Planner
- Provide technical support to the Wealth Planner regarding specific queries relating to the advice
- Analyse the client’s existing products/financial arrangements to determine suitability in meeting objectives
- Work with the Wealth Planner to identify suitable solutions
- Undertake financial calculations relevant to the advice
- Manage preparation and completion of comprehensive financial advice letters and suitability reports in line with procedure manual
- Ensure recommendations are detailed in a clear, concise, jargon‑free manner (including retirement planning, estate planning, cash flow reports, or financial strategy plans)
- Confirm all client data in advice letters and suitability reports is accurate and correct
- Obtain correct advice sign‑off before issuing letters and reports
- Liaise with client’s LGT investment manager, legal advisor, accountant, and tax advisers where applicable
- Oversee implementation of recommendations, ensuring the advice file is in order before passing to the Administration Manager for new business submission
- Oversee completion of application forms by the administration team before issuing to the client
- Work with administration team to oversee implementation of agreed recommendations
- Prepare for client reviews
- Act as main point of contact with providers and third parties
- Update existing cash flow models and record technical/product data for annual reviews where required
- Manage administrative tasks, including letter writing, chasing letters of authority, and obtaining information from third parties; undertake administration independently when the team is not available
Knowledge and Qualifications
- CII Diploma in Regulated Financial Planning or equivalent
- Working towards the CII Advanced Diploma in Regulated Financial Planning is desirable
- 3 years’ experience in a holistic Paraplanning role (less experience may be considered if equivalent skills are demonstrated)
Skills and Attributes
- Excellent understanding of financial planning and the regulatory advice process
- Strong grasp of compliance requirements within a financial planning team
- Good knowledge of financial planning products and suitability assessment relative to client objectives
- Ability to produce bespoke advice reports in a clear, concise manner
- Methodical and practical approach to work and delivery of financial advice
- Good planning and organisational skills; able to prioritise workload and meet deadlines
- Ability to manage expectations for internal and external parties
- Up‑to‑date knowledge of regulatory and legislative changes; maintain high level of technical financial planning knowledge
- Integrity and honesty; strong attention to detail
- Experience of cash flow planning software (Voyant desirable)
- Experience of Intelligent Office (iO), Synaptics Research, and IRESS Exchange preferable
- Advanced Microsoft Excel skills desirable
Paraplanner employer: LGT Wealth Management UK LLP
At LGT Wealth Planning, we pride ourselves on being an exceptional employer, offering a collaborative and supportive work culture that fosters professional growth and development. Our Paraplanners benefit from comprehensive training opportunities, a commitment to compliance excellence, and the chance to work closely with experienced Wealth Planners in a dynamic environment. Located in a vibrant area, we provide our employees with a fulfilling career path while ensuring a healthy work-life balance and a strong sense of community.
Contact Details:
LGT Wealth Management UK LLP Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanner
✨Tip Number 1
Network like a pro! Get out there and connect with professionals in the financial planning industry. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. You never know who might have the inside scoop on a job opening!
✨Tip Number 2
Practice your interview skills! Mock interviews can be a game changer. Grab a mate or use online resources to simulate the interview experience. Focus on articulating your understanding of financial planning and how you can contribute to the team.
✨Tip Number 3
Show off your skills! If you’ve got experience with cash flow modelling or compliance documentation, make sure to highlight that in conversations. Bring examples to interviews that demonstrate your expertise and how you can add value to the Wealth Planning team.
✨Tip Number 4
Apply through our website! We love seeing applications directly from candidates who are genuinely interested in joining us. It shows initiative and enthusiasm, which are key traits we look for in a Paraplanner.
We think you need these skills to ace Paraplanner
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 compliance, and show us how your skills align with our needs.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how you've used them in real-life scenarios. We want to see your understanding of cash flow analysis and your ability to produce clear, concise advice reports.
Be Clear and Concise:When writing your application, keep it straightforward and jargon-free. We appreciate clarity, so make sure your points are easy to understand and directly relevant to the role.
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 without any hiccups!
How to prepare for a job interview at LGT Wealth Management UK LLP
✨Know Your Financial Planning Stuff
Make sure you brush up on your knowledge of financial planning concepts, especially those mentioned in the job description. Be ready to discuss cash flow analysis, retirement planning, and tax strategies. Showing that you understand these areas will impress the interviewers.
✨Prepare for Technical Questions
Expect questions about compliance and regulatory processes. Familiarise yourself with the FCA guidelines and be prepared to explain how you would ensure compliance in your role. This shows that you take the regulatory aspect seriously, which is crucial in this field.
✨Practice Clear Communication
Since you'll need to produce clear and concise advice reports, practice explaining complex financial concepts in simple terms. You might even want to prepare a mock report to demonstrate your ability to communicate effectively during the interview.
✨Show Your Organisational Skills
The role requires good planning and organisational skills, so be ready to discuss how you manage your workload and prioritise tasks. Share examples from your past experience where you successfully juggled multiple responsibilities while meeting deadlines.
