At a Glance
- Tasks: Support financial planners by conducting research, preparing reports, and attending client meetings.
- Company: Dynamic finance firm in Edinburgh focused on client success.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Great opportunity for growth in a collaborative and innovative setting.
- Why this job: Kickstart your finance career while making a real difference for clients.
- Qualifications: Minimum level 4 diploma in financial planning; desire for level 6 and chartered status.
The predicted salary is between 36000 - 60000 £ per year.
A paraplanner is a finance expert who assists financial planners with their daily job duties, completing certain tasks so that financial planners have more time to help clients individually. Paraplanners will perform technical research, analysis, and ad-hoc administrative duties to support PWM and the adviser with client servicing and management. Paraplanners may attend client meetings when required to make notes, present cashflow outputs, and answer technical related queries. A large part of a Paraplanner’s time is spent writing suitability reports to confirm the advice being given to clients; confirming the benefits, any disadvantages, and costs and charges. This role can be a great opportunity for individuals interested in pursuing a future career as a financial adviser, manager, or compliance officer.
Key Responsibilities
- Preparing and maintaining the client file: confirming policy information from letters of authority to understand a client’s existing arrangements, uploading to Enable.
- Organising recommendations: identifying areas of need, carrying out research to find solutions, considering investment strategies and tax implications in conjunction with the Adviser.
- Research: comparing different solutions to ensure the best possible client outcomes in conjunction with the PWM panel pathways.
- Preparing recommendation reports: using Genovo to generate full suitability reports and short suitability letters for ad-hoc advice events.
- Producing Illustrations and Key Features: preparing supporting documents that match the suitability report; uploading to Enable in conjunction with the Administrator.
- Implementing recommendations: ensuring all compliance paperwork is accurate and up to date, assisting the admin to implement trades using the trade instruction form and ‘four eye checks’.
- Upload Enable compliance documents: ensuring all research is uploaded to the Enable system.
- Annual review preparation and completion: preparing valuations and other analysis for use in the client annual review, including cashflow modelling.
- Annual Review Documents: completing annual review documents, confirming ongoing suitability of a client’s existing arrangements.
- Ensure the client file is complete to support ‘Redporth’ file reviews including vulnerable status, ATRQ, factfind, client agreement, HNW certificate etc.
- Attending Client Meetings: when required by the financial adviser, attend client meetings to take notes and assist with cashflow modelling.
- Maintain an Accurate Task List: making your report pipeline available to your line manager.
- Develop and Maintain Effective Relationships: with colleagues, clients and third parties.
- Provide Cover and Support: to other members of the team during sickness & holidays when deemed necessary by managers within PWM.
- Contribute to Company Projects: designed to enhance operational efficiency and the service to our clients when required.
- Incident Reporting and Regular Testing: ensuring that all errors or incidents are uploaded to Accelerate and compliance modules are completed within the deadlines.
- Attend Team Meetings and Training: in person if required.
About You
Knowledge
- Understanding of the annual FCA ongoing suitability process and experience providing support with this.
- Knowledge of Xplan (or similar practice management systems) would be beneficial.
- Good working knowledge of all Microsoft office applications specifically Excel.
Qualifications
- Candidates must have attained a minimum level 4 diploma in financial planning (or equivalent).
- Desire to achieve level 6 and chartered status.
Skills
- Client focused, delivering a high standard of client service.
- Must be proactive and able to use initiative.
- High level of attention to detail.
- Enthusiastic and motivated.
- Organised, with good time management.
- Ability to work with minimum supervision whilst managing multiple and conflicting deadlines.
- Willingness to take responsibility and see a task through to completion.
- Adaptive to change.
- Confident and capable communicator.
- Proficient in standard industry advice and research tools, for example: Selectapension, Cashflow Modelling (preferably Voyant), FE Analytics and at least one industry standard Practice Management System.
Paraplanner (Edinburgh) employer: Partners Wealth Management LLP
As a Mortgage and Protection Administrator, you will thrive in a supportive and dynamic work environment that prioritises employee growth and development. Our company fosters a culture of collaboration and excellence, offering comprehensive training and career advancement opportunities while ensuring a healthy work-life balance. Located in a vibrant area, we provide unique benefits such as flexible working arrangements and a strong commitment to employee well-being, making us an exceptional employer for those seeking meaningful and rewarding careers.
Contact Details:
Partners Wealth Management LLP Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Paraplanner (Edinburgh)
✨Tap into Campus Networks
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✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Partners Wealth Management LLP. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Paraplanner (Edinburgh)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Partners Wealth Management LLP.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Partners Wealth Management LLP's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Partners Wealth Management LLP
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Partners Wealth Management LLP.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Partners Wealth Management LLP will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Partners Wealth Management LLP employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
