Paraplanner

LGT Wealth Management UK; Greater London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

LGT Wealth Management UK LLP is a UK-based partnership owned by LGT. The Wealth Planning team provides comprehensive financial planning advice to individuals, companies, partnerships and trusts.

The Paraplanner role focuses on delivering professional and technical support to Wealth Planners based across LGT's UK offices in London, Bristol, Birmingham, Edinburgh, Manchester and Leeds, with the London base and remote support as needed.

Qualifications

• Paraplanner provides professional and technical support to Wealth Planners in meeting client objectives.

Responsibilities

• Prepare and maintain client files, ensuring compliance and accurate documentation.
• Build cash flow models using the firm’s tools and present analyses to Wealth Planners.
• Research and provide technical input on product data and recommendations for client advisory cases.
• Attend client meetings with Wealth Planners as required and support bespoke or complex cases.

Job description

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients' needs.

Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £30 billion in funds under management and circa 700 staff.

Job Description

The Wealth Planning team is responsible for the provision of comprehensive financial planning advice to individuals, companies, partnerships and trusts. We work with our clients to create bespoke financial plans, considering the whole of the market in order to find the best financial planning solutions. We are involved in a broad range of activities including:

• Cash flow analysis
• Psychometric risk profiling
• Retirement planning
• Pension aggregation
• Income tax planning
• Inheritance tax planning
• Business planning
• Protection for death and illness
• Long term savings and investments
• Offshore and international planning for non-domiciled and non-resident clients
• Venture Capital Trust, Enterprise Investment Scheme and Business Relief advice

Brief Role Objective: The primary role of the Paraplanner is to provide a full professional and technical support function to Wealth Planners in meeting the client's financial objectives. The Wealth Planners supported by this role are based across LGT's UK regional offices in London, Bristol, Birmingham, Edinburgh, Manchester and Leeds. The Paraplanner will be based in London and must be comfortable providing effective support remotely, if required.

The Paraplanner is responsible for delivering allocated paraplanning work accurately and within agreed timescales. They will develop their technical judgement through standard advice cases, identify missing information or potential issues early, and seek guidance or elevate matters where a case requires more advanced analysis.

The Paraplanner may also be required to carry out other duties allocated to them by Wealth Planners, Compliance team, Administration Manager or Paraplanner Manager to meet the wider needs of the Wealth Planning team.

Key Responsibilities

Preparation and Maintenance of Client Files

• Collect and analyse client's financial information and work with Wealth Planners to determine strategies for meeting the client's financial objectives.
• Ensure that all compliance documentation is recorded in line with LGT Wealth Planning's procedure manual and FCA guidelines.
• Accurately record client information and documentation within 'Intelligent Office' back-office management system.
• Identify and obtain the information necessary to complete a cash flow model (if required).

Cashflow Planning (if required)

• Interpret data received from the client and build a cash flow model using our cash flow modelling tool.
• Ensure that all data input into the cash flow modelling tool is accurate and correct.
• Build the cash flow model with consideration to the client's financial circumstances and objectives.
• Prepare an analysis document which details the outputs and key findings from the modelling, in line with the requirements of the Senior/ Wealth Planner and client.

Advice and Recommendation

• Manage standard advice cases in line with agreed processes and timescales, producing accurate research, calculations and reports. Contribute to bespoke or complex cases with guidance from a Senior Paraplanner or Technical Specialist and promptly identify matters requiring escalation.
• The Paraplanner may attend client meetings with the Wealth Planner (as required).
• Research and record all technical and product data relevant to the client and to the specific advice we are providing.
• Research should be undertaken both independently and alongside the Wealth Planner.
• Provide technical support to Wealth Planners regarding specific queries relating to the advice we are providing.
• Analyse the client's existing products/ financial arrangements to determine suitability in meeting the client's objectives.
• Work with Wealth Planner to identify suitable solutions to meet the client's objectives.
• Undertake financial ca