Paraplanner in City of London

A multi-office, award winning Wealth Manager currently requires an experienced and qualified Paraplanner to join its friendly and vibrant team, on a hybrid basis, the office being based in North London.

The role of a Paraplanner is to support one or more Financial Advisor/s with the advice processes in a compliant and efficient manner. The Paraplanner role involves:

• Managing tasks and the advice processes on X-Plan (back-office system) and having a full understanding of relevant processes for the job role, including but not limited to:
• Advice process - Including an understanding of the requirements for high-risk business/preapproval from compliance
• Fund switches
• Withdrawals
• Review process
• Conducting regular meetings with the Adviser(s) in order to:
• Manage new business cases/submissions
• Keep abreast of the Adviser’s(s) new business pipeline, their targets and monitoring performance against targets; (at adviser’s discretion)
• Undertaking research into the different financial products that can be held by a client and understanding which are suitable for which clients, factoring in the advantages and disadvantages of each product.
• Writing client suitability reports using the company’s preferred report writing software in the following areas:
• Protection
• Pensions/retirement planning
• Investments
• Equity release
• Cash-flow forecasting
• Keeping abreast of current regulation and legislation and being able to apply this to client scenarios to meet objectives and ensure best advice is given.
• Understanding and suitably applying the Company’s investment process and various investment offerings to meet a client’s attitude to risk, personal circumstances, and financial objectives.
• Develop a working knowledge of providers’ platforms and supporting websites with:
• General understanding and navigation of the providers sites used throughout the business
• Obtaining the correct documentation to support business sign-ups (where applicable)
• Performing online transactions (as required) – including fund switching, withdrawals, cash management
• Managing client data
• Working with the Adviser(s) to prepare for client meetings and assisting with regular client reviews (the review process).
• Supporting the Adviser(s), as-and-when appropriate, in building cash-flow models to assist the client in overseeing their financial position and forecast future financial scenarios.
• Collaborating with Advisers to ensure suitability of advice and completeness of paperwork for all clients.
• Managing fund switches on client pensions and investments, ensuring they are invested in line with their risk profile.

Benefits:

• Competitive salary package.
• Hybrid working pattern (3 days office-based).
• Supportive and collaborative team environment.
• Ongoing training and professional development opportunities.
• The opportunity to play a key role in delivering outstanding client service within a growing team.
• 4% matched pension contributions.
• Income Protection Cover (terms apply).
• Death-in-Service Cover (terms apply).
• Health Shield Cash Plan.
• Employee Assistance Programmes.
• Cycle to Work Scheme.
• Employee Discounts.
• Company Activities.
• Breakfast/Fruit supplies.
• Discounted Health Tests.
• Optional Influenza vaccination.
• Employee referral programme.