At a Glance
- Tasks: Lead a dynamic Paraplanning team to create tailored financial strategies for clients.
- Company: Join M&G, a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and flexible working options.
- Other info: Inclusive culture welcoming diverse backgrounds and offering excellent career growth opportunities.
- 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. Through telling it like it is, owning it now, and moving it forward together with care and integrity, we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
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
Key Knowledge, Skills & Experience
- 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, together with access to financial wellbeing and support services.
- 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
- Market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long-term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com
Paraplanning Manager employer: M&G plc
At M&G, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and growth. With flexible working arrangements, a generous benefits package including an 18% pension scheme, and a commitment to professional development, we empower our Paraplanning Managers to thrive in their roles while making a meaningful impact in the financial services sector. Our diverse workforce and strong focus on family support further enhance the rewarding experience of working in our Huddersfield, Stirling, or Edinburgh locations.
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanning Manager
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We think you need these skills to ace Paraplanning Manager
Some tips for your application 🫡
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