Paraplanner - Hertford

TN United Kingdom; Hertford; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking an experienced Paraplanner to join their dynamic team in Hertford. This role involves supporting Independent Financial Advisors (IFAs) by conducting thorough research and analysis on financial products and market trends. You will prepare detailed financial plans, ensuring compliance with regulations while providing exceptional client support. If you have a deep understanding of financial products and possess strong analytical and communication skills, this is an exciting opportunity to contribute to a holistic financial planning firm that values precision and client satisfaction.

Qualifications

• Deep understanding of financial products, tax, pensions, and investments.
• Ability to assess financial situations and identify trends.

Responsibilities

• Gathering information on financial products and market trends.
• Preparing detailed financial plans and drafting suitability reports.
• Ensuring compliance with FCA regulations and managing client files.

Skills

Technical Knowledge

Analytical Skills

Attention to Detail

Regulatory Awareness

Software Proficiency

Communication Skills

Tools

Financial Planning Software

Portfolio Management Software

Job description

Social network you want to login/join with:

We are currently recruiting for a Financial Planning firm based in Hertford who are looking for an experienced Paraplanner to join their team.

The business is involved in holistic financial planning, with the primary areas of business being:

• Investment Planning and Financial Management
• Pension Planning pre and post-retirement
• Trusts and IHT Estate Planning
• Group Personal Pensions and Group Risk Benefits

The fundamental role of a paraplanner includes:

1. Research and Analysis: Gathering information on financial products, market trends, and regulatory changes to support IFAs in client recommendations. Analyzing clients’ financial positions and future needs based on risk tolerance, goals, and tax considerations.
2. Financial Planning Preparation: Preparing detailed financial plans that include investment advice, retirement, tax, and estate planning strategies, translating broad strategies into actionable steps.
3. Report and Document Preparation: Drafting suitability reports that justify financial advice, ensuring transparency and regulatory compliance.
4. Regulatory Compliance: Ensuring advice adheres to FCA regulations, including KYC, AML checks, and proper documentation for audits.
5. Product Recommendations and Comparisons: Comparing financial products to find the most suitable options, assessing costs, benefits, and risks.
6. Client Liaison and Support: Communicating with clients to clarify information, gather details, and provide follow-up support to streamline advice processes.
7. Administrative Support: Managing client files, financial databases, and application tracking to maintain accurate records and facilitate efficient service.

Core Skills and Capabilities of a Paraplanner include:

• Technical Knowledge: Deep understanding of financial products, tax, pensions, investments, and regulations.
• Analytical Skills: Ability to assess financial situations, identify trends, and forecast outcomes.
• Attention to Detail: Ensuring accuracy in reports, calculations, and compliance to maintain trust.
• Regulatory Awareness: Staying informed on legislation changes and ensuring advice complies with standards.
• Software Proficiency: Skilled in financial planning and portfolio management software.
• Communication Skills: Clearly articulating complex financial information to IFAs and clients.