Paraplanner

LGT Crestone Wealth Management Limited; Greater London; Hybrid; GBP 42,000 - 64,000; Full time

Job summary

LGT Wealth Management UK LLP is seeking a Paraplanner to support Wealth Planners across UK regional offices from its London base. The role involves handling paraplanning tasks, cash flow modelling, and regulatory compliance to deliver comprehensive financial planning for individuals, companies, and trusts.

You will work closely with Wealth Planners, attend client meetings when required, and contribute to complex cases under guidance from a Senior Paraplanner or Technical Specialist.

Qualifications

• CII Diploma or equivalent level 4 financial planning qualification.
• Completed or working towards Level 6 Advanced Diploma in Regulated Financial Planning.
• Three years or more of paraplanning experience.

Responsibilities

• Provide technical paraplanning support to Wealth Planners.
• Prepare and maintain client files and cash flow models when required.
• Produce research, calculations and reports for standard advice cases.
• Oversee implementation of recommendations with the administration team.

Skills

Paraplanning

Cashflow modelling

Regulatory knowledge

FCA compliance

Financial calculations

Education

CII Diploma Regulated FP

Level 6 Advanced Diploma in Regulated FP

Three years paraplanning experience

Tools

Intelligent Office (iO)

Voyant

Synaptics Research

Defaqto Engage

IRESS Exchange

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 calculations relevant to the financial advice.
• Manage the preparation and completion of comprehensive financial advice letters and suitability reports in line with LGT Wealth Planning’s procedure manual. Ensuring any recommendations are detailed in a clear, concise, jargon free manner. This would include (but not limited to) retirement planning, estate planning, cash flow reports, or financial strategy plans.
• Ensure that all client data detailed in our financial advice letters and suitability reports is accurate and correct.
• Ensure that the correct advice sign off is obtained prior to issuing the financial advice letters and suitability reports.
• Liaise with the client’s LGT investment manager, legal advisor, accountant and tax advisers, etc (where applicable).

Oversee Implementation of Recommendations

• Take responsibility for completing the paraplanning elements of the advice file and checking that the required information and documentation are in place before it is passed to the Administration Manager for new business submission.
• Overseeing completion of application forms by the administration team before being issued to the client.
• Working closely with the administration team to oversee implementation of the agreed recommendations

Prepare for client reviews

• Act as main point of contact with providers / third parties.
• Where required update existing cash flow models.
• Research and record on file technical and product data relevant to the client’s annual review.

Administration

• Although the team has an administration team primarily responsible for liaising with third party suppliers; the onus is on the Paraplanner to ensure the administration is completed in a time-efficient manner. This may involve letter writing, chase letters of authority, and chasing information from third parties.
• In the absence of the administration team, the Paraplanner will be expected to undertake their own administration.

Requirements

Knowledge and Qualifications

• CII Diploma in Regulated Financial Planning or equivalent level 4 financial planning qualification.
• Completed or working towards the level 6 Advanced Diploma in Regulated Financial Planning.
• Three years or more of recent, comprehensive and well-rounded technical paraplanning experience. Candidates with less experience will be considered provided they can demonstrate they meet the requirements of the Paraplanner role.

Skills and Attributes:

• Excellent understanding of the financial planning and the regulatory advice process is essential.
• Excellent understanding of the compliance requirements within a financial planning team.
• Good knowledge of financial planning products and how to assess suitability relative to the client’s objectives.
• Ability to produce bespoke advice reports in clear and concise manner.
• Methodical and practical approach to work and delivering of financial advice.
• Good planning and organisational skills and able to prioritise own workload and meet agreed deadlines.
• Ability to manage expectations for both internal and external parties.
• Keep up to date with regulatory and legislative changes.
• Continue to maintain a high level of technical financial planning knowledge.
• Be honest and have integrity.
• Attention to detail.
• Practical experience using Voyant to build, check and explain cashflow models.
• Experience of Intelligent Office (iO), Synaptics Research, Defaqto Engage and IRESS Exchange would be preferable.
• Advanced Microsoft excel skills would be desirable.

Contact Information

For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP

Human Resources

Katie Walker