At a Glance
- Tasks: Lead a dynamic Paraplanning team to create tailored financial strategies for clients.
- Company: Join a historic savings and investments firm with a commitment to innovation.
- Benefits: Enjoy a generous pension scheme, 38 days annual leave, and flexible working options.
- Other info: Collaborative culture focused on continuous improvement and professional growth.
- Why this job: Make a real impact in financial planning while developing your career in a supportive environment.
- Qualifications: Must have relevant financial qualifications and experience in Paraplanning or Advice.
The predicted salary is between 50000 - 65000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Our Paraplanning team takes responsibility for preparing detailed financial planning strategies in line with our clients' individual objectives. The highest compliance standards are critical and providing context to clients in relation to their advice journey is essential. Our valued support frees up the Financial Planner’s time to focus on client-facing duties.
We are a key team within the Sandringham / M&G Advice business, supporting 150+ advising partners within the growing network. Reporting to the Head of Advisory Operations, this role is responsible for leading the Paraplanning unit to deliver individual and team objectives across productivity and quality. This requires a commercial mindset to lead unit goals as well as taking responsibility for processes and procedures with a control environment.
As paraplanning manager, you will develop paraplanners within the team, supporting their objectives in performance and career progression. In addition to leadership responsibilities, as an experienced Paraplanner, you will analyse clients' needs and objectives, developing complex financial planning strategies as agreed with the Financial Adviser. You will be responsible for compiling the research and suitability for more technical cases across investments and pensions, drafting a client-centric financial planning report to summarise the advice.
The role would be a great opportunity for those looking to progress their career within a Paraplanning function.
Key Responsibilities- Facilitate onboarding and capability development for new and existing paraplanners
- Conduct quality assurance reviews of paraplanning cases, providing feedback and monitoring of quality outcomes
- Manage clear accountabilities and stretching work objectives across the team, recognising successes and following processes to manage performance
- Act as a subject matter expert (SME) for product and process knowledge, supporting colleagues in resolving complex queries
- Conduct quality analysis and research to arrive at the most suitable outcome for the client, enabling effective judgements on the suitability of client outcomes and supporting documentary evidence, in line with regulatory and internal standards
- Undertake whole of market research on new and existing clients using FE Analytics, Cashflow modelling and our in-house research tools
- Engage with stakeholders across the business to deliver a great experience for our teams, our Partners and our Clients, managing conflict and using influencing skills where required
- Strong people management for the paraplanning team, with accountability for influencing performance and delivering structured development to improve team and individual capability
- Keep up to date with the latest industry knowledge in order to support advisers and communicate this effectively with the team. Focused on continual improvement of the service to our customers
- Relevant professional qualification (CII Diploma in Regulated Financial Planning or suitable alternative at Level 4 or above) is essential for the role
- Previous Paraplanning or Advice experience essential
- Detailed knowledge of assessing suitability of complex advice outcomes
- Detailed knowledge of Pension and Investment products is essential to the role
- Working knowledge of Risk, Compliance and Advice in UK financial services
- Strong communication skills with the ability to communicate with all levels
- Excellent interpersonal skills to form effective working relationships
- Flexibility and adaptability in a changing environment
- Excellent organisation and prioritisation skills to be able to work to multiple competing deadlines
- A good knowledge of private wealth products
Location: Huddersfield, Stirling or Edinburgh
Work Level: Experienced Colleague
What we offer: At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions
- Share Save and our Share Incentive Plan
- Access to financial wellbeing and support services
Enjoy 38 days annual leave including...
Paraplanning Manager in Edinburgh employer: M&G plc
At M&G, we pride ourselves on being an exceptional employer that fosters a supportive and inclusive work culture. With a strong commitment to employee growth, we offer extensive training and development opportunities, alongside a generous benefits package that includes an 18% pension scheme and 38 days of annual leave. Located in vibrant cities like Huddersfield, Stirling, or Edinburgh, our flexible working arrangements and focus on wellbeing ensure that you can thrive both professionally and personally.
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanning Manager in Edinburgh
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We think you need these skills to ace Paraplanning Manager in Edinburgh
Some tips for your application 🫡
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✨Brush Up on Financial Analysis Skills
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