Paraplanner

Rory Mackie & Associates; Cape Town; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A holistic financial planning firm in Cape Town is seeking a para-planner to support Financial Advisors with comprehensive financial planning and compliance support. Responsibilities include drafting client communications, technical analysis, and collaboration with estate planning attorneys. Ideal candidates will have a tertiary qualification in Financial Planning and strong analytical skills. This position offers an opportunity to work in a dynamic environment focused on client financial security.

Qualifications

• Tertiary qualification and preferably Post Grad diploma in Financial Planning.
• Regulatory examination RE1 or RE5 is advantageous.
• Certified Financial Planner (CFP) is advantageous.

Responsibilities

• Draft and send clients' agendas and generate review reports.
• Complete work requests, including preparation of Records of Advice.
• Work closely with attorneys to oversee clients' wills and estate administration.
• Review and update financial information on Elite Wealth.
• Participate in the development of paraplanning policies.

Skills

Analytical skills

Problem-solving skills

Communication skills

Proficiency in Microsoft Office Suite

Education

Tertiary qualification in Financial Planning

Post Grad diploma in Financial Planning

Tools

Microsoft Excel

Job description

Overview

Our client is a growing holistic independent financial planning business, dedicated to helping clients achieve long-term financial security through tailored advice and comprehensive financial planning. They specialize in investment management, retirement, and estate planning, providing personalized solutions that align with each client’s unique financial goals.

The para-planner will play a crucial role in supporting the Financial Advisors with, but not limited to, technical financial planning analysis, preparing client reviews, preparing financial plans and recommendations, assisting with client Wills and estates, ensuring all compliance requirements are met. They will also assist with portfolio management, risk assessments, and expected to stay up to date on industry trends and regulations. The para-planner will work closely with the financial advisors to ensure clients receive high-quality financial advice and service.

Responsibilities

• Draft and send client agenda’s, generate review reports, capture and draft meeting notes, assign or implement action items through to completion.
• Complete work requests, including the preparation of written Records of Advice, technical calculations, and technical advice for Wealth Managers/Advisors as per company policies and procedures.
• Work closely with attorneys that draw up clients wills and oversee the estate administrators and keep an updated record of the estate status, and report back to the financial advisor and client.
• Review and update financial information on Elite Wealth as necessary.
• Participate in the development of paraplanning policies and procedures.
• Participate in assigned projects the firm implements.
• Assist in improving, developing, and delivering services offered to clients.
• Plan for upcoming reviews and set up weekly catch-up meetings with the advisor.
• Provide regular feedback to advisors regarding workflows.
• Knowledge of compliance requirements for FAIS/FICA, etc.

Requirements

• Tertiary qualification and preferably Post Grad diploma in Financial Planning
• Regulatory examination RE1 or RE5 is advantageous
• Certified Financial Planner CFP is advantageous
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Proficient in Microsoft Office Suite, specifically Excel