Jr. Advisor - Paraplanner

Elite Income Advisors inc.; Ellicott City (MD); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Competitive salary and benefits

Professional development support

Collaborative work environment

Performance bonus opportunities

Job summary

A financial planning firm in Ellicott City is seeking a Paraplanner to support investment and insurance advice delivery. The role involves preparing personalized financial plans, conducting product research, and ensuring regulatory compliance. Ideal candidates should possess strong analytical skills and a Bachelor's degree in a relevant field. A competitive salary and a supportive work environment are offered to help you thrive in your career.

Qualifications

• Minimum of 2 years of experience in a paraplanning or financial planning support role.
• Strong understanding of investment and insurance products, financial planning principles, and compliance requirements.
• Ability to obtain your CFP® designation within the first 3 years of your employment.

Responsibilities

• Collaborate with financial advisors to prepare personalized financial plans for clients.
• Conduct research on investment products and financial strategies.
• Create client reports and financial projections using planning software.

Skills

Organizational skills

Analytical skills

Attention to detail

Communication skills

Education

Bachelor’s degree in finance, economics, accounting, or related field

Tools

eMoney

Riskalyze

Morningstar

CRM systems

Job description

We are seeking a highly organized and analytical Paraplanner to support our financial planning team in delivering high-quality investment and insurance advice. The ideal candidate will play a vital role in developing customized financial plans, conducting detailed product research, and ensuring regulatory compliance.

This position requires FINRA Series 65 licensure (or the ability to obtain the S65 within 5 months of start date) and a valid Maryland Life, Accident, & Health Producer License, as the role involves providing planning support that may include investment advisory and insurance product recommendations. This position will open the opportunity for you to develop into a senior advisor.

Responsibilities

• Collaborate with financial advisors to prepare personalized financial plans for clients, including investment strategies, insurance analysis, and retirement planning
• Conduct research on investment products, insurance solutions, estate planning tools, and other financial strategies
• Create client reports and financial projections using planning software and modeling tools
• Prepare documentation and reports for client meetings, ensuring accuracy and clarity
• Maintain compliance with SEC and state insurance regulations
• Liaise with product providers, custodians, and insurance carriers to gather relevant data
• Update client information and financial records in CRM and planning systems
• Track follow-ups and ensure timely plan implementation and documentation

Qualifications

• Bachelor’s degree in finance, economics, accounting, or a related field preferred
• Minimum of 2 years of experience in a paraplanning or financial planning support role
• Strong understanding of investment and insurance products, financial planning principles, and compliance requirements
• Proficient in financial planning software (e.g., eMoney, Riskalyze, Morningstar, or similar) and CRM systems
• Exceptional attention to detail, organizational, and communication skills
• Ability to obtain your CFP® designation within the first 3 years of your employment

Preferred Qualifications:

• Experience working in a fee-based or fiduciary financial planning environment
• Familiarity with Maryland-specific insurance and financial regulations

License/Certification

• Maryland Life & Health Insurance Producer License (REQUIRED)

Competitive salary and benefits package

Professional development support and continuing education opportunities

Collaborative and client-focused work environment

Performance bonus opportunities

If you’re a committed financial professional who puts clients first and embraces fiduciary responsibility, we encourage you to apply for this exciting role. Join us in guiding clients towards their financial objectives, while adhering to the highest standards of integrity and professionalism.

About Us:

At Elite Income Advisors we provide full operational support, including paperwork processing, compliance management, and office infrastructure, so you can concentrate on what you do best: helping clients achieve their financial goals. At EIA, cold calling does not exist (high net-worth warm leads provided). This is an ideal opportunity for advisors who want to grow their business in a streamlined, supportive environment without the distractions of running an office.