Job Title:
Senior Paraplanner
About The Company:
The company has recently moved to their newly renovated office in Birmingham. The move to Birmingham will create further opportunities in developing existing and establishing new professional relationships and client introductions to further the business's expansion plans. It also provides access to a wider talent pool. The wealth planning firm is 10 years old and has enjoyed considerable year on year growth over this time.
The firm has ambitious expansion plans but not at the detriment of the client experience / service offering. The firm offers truly independent, holistic financial planning advice to company owners, HNWs and mass affluent clients.
Currently a team of 6 people, the business is looking to recruit one further Paraplanner - which is a new role due to growth.
The role:
A Key Employee who supports the advice process in every element. The candidate will need to be able to design and write reports in a coherent and logical fashion using multiple resources to evidence the suitability of the recommendations. Working closely with advisers.
The role will include some shadowing the lead adviser in client meetings to take notes and hear first-hand the client needs that lead ultimately to financial planning solutions.
The candidate will be responsible for researching for pensions, investments and protection for high-net-worth clients, including full analysis of the clients existing affairs, goals and ambitions. Then writing comprehensive proposals to meet those goals.
Assisting with the continuous improvement of the financial planning process by implementing processes and systems to augment the client experience and business efficiencies. This will include the use of cashflow modelling, risk profiling and other financial planning tools.
The use of digital client portal and the embracing of technology to improve the client experience, data security and business efficiencies is a fundamental feature of the service provided as this impacts all roles in the organisation.
Package Details:
The successful candidate will receive a basic salary of £40,000 to £50,000 (dependent on experience)
Other benefits include:
- A flexi-time system is in place accordingly.
- Bonus scheme based on achievement of budget.
- 28 days annual leave
- The option to 'purchase' a further 10 days' annual leave in a full holiday year.
- Auto Enrolment pension scheme
- Death in Service scheme (subject to entry criteria)
- Full 'on the job' training and guidance from the existing team as you learn new skills and build your experience and career.
- This role is a full time role - 37 hour working week.
Duties and Responsibilities:
Your duties and responsibilities will include but not be limited to:
- Produce suitability reports and participate in the process of producing templates to ensure compliance and efficiency.
- Produce and distribute annual reviews and regular client communications.
- Monitor risk exposure, fees, and performance.
- Use of FE Analytics to carry out investment comparisons.
- Use of the Dynamic Planner Risk Profiling System.
- Cashflow modelling 'what if analysis.
- Research and recommend tax lead investment products e.g., E.I.S., V.C.T. & B.P.R Solutions.
- Deliver advice proposition via multiple platforms and products including ISA/SIPP/Offshore Bonds and collectives.
- Research and recommend personal pension products focusing on self-invested personal pensions.
- Using industry calculators and models to bring the goal setting and financial modelling to life, including advanced use of Microsoft Excel.
- Research and recommend IHT efficient solutions such as D.G.T's, reversionary trusts and B.P.R investments.
- Research and recommend all non-investment lead insurance products.
- Develop and maintain internal relationships with accountancy practice colleagues.
Additional responsibilities:
- Have direct client contact where appropriate.
- Work closely with the administration function to ensure standardisation of system, process and working practices.
- Meet with industry providers to maintain a wide understanding of services that can be offered to clients.
The Ideal Employee:
The successful applicant will have the following skills and qualities:
- The candidate will ideally be diploma qualified or well on the way to becoming chartered.
- Will have a number of years' experience within a genuinely independent firm.
- Will embrace technology and be flexible in their approach to using varied systems to support the client experience and financial planning process.
- Will have experience of the full range of financial products including and used to dealing with multiple providers (products, platforms, pensions).
- Will be conversant with financial planning tools such as FE Analytics, Cashflow Modelling, Product Research etc.
- Will have a focus on business efficiency, being able to simplify process wherever possible.