Astral Recruitment
Paraplanner (1)
Job Description:
Description:
This role involves providing vital support to the Financial Advisor which includes researching products and different types of funds and platforms. You will be expected to act as the technical interface between the Financial Advisor and the clients and have the ability to produce financial reports, letters and technical papers to the highest standard.
Skills and Knowledge:
Strong computer skills, with the ability to search and use financial databases. Excellent listening skills, verbal and written communication skills. Attention to detail Ability to work under pressure. Must be flexible and have the ability to multi-task. Strong organisational skills Self-directed initiative. Capability of prioritising by assessing situations to determine urgency.
Knowledge
Carrying out all tasks in a manner consistent with the firm’s compliance procedures.
Detailed knowledge of the FCA and the firm’s record keeping requirements.
Detailed knowledge of the FCA’s rules and requirements.
Broad knowledge of the financial services sector.
High level of technical knowledge. Although not necessarily in possession of the required qualification to dispense advice, an excellent Para-planner will be just as versed in law, taxation and benefits as any qualified Financial Advisor and therefore, the firm would expect you to be qualified to level 4, Diploma in Financial Planning.
For a trainee Para-planner, you will be working towards achieving this level.
You will be expected to be committed to Continuous Professional Development.
Responsibilities:
Comply at all times with the firm’s compliance, training and competence; complaints and data security policies / procedures.
To ensure that the firm’s clients are treated fairly at all times.
Keep up to date with new products, technical or legislative changes within the Industry.
Maintain positive working relationship with others, both internally and externally.
To anticipate, understand and respond to the needs of the financial Planner and the clients to meet or exceed their expectations.
Attend training and to develop relevant knowledge and skills.
All business related Administrative duties.
Specific
To prepare client files
Receiving instructions during debriefings from the Financial Advisor following the client meeting, to obtain the client’s needs, objectives and financial information from the Confidential Client Questionnaire.
Analyse the client data and use appropriate research to identify suitable solutions to meet the client’s needs and objectives.
Check all the paperwork / information is available to ensure that the client file meets the FCA’s rules and requirements.
Providing records to support research undertaken.
To prepare recommendations Prepare information for analysis by Financial Advisor. If applicable, liaise with the client’s tax and legal advisers.
Prepare draft suitability report to discuss with Financial Advisor.
To implement recommendations
Finalise suitability report once agreed by the Financial Advisor.
Ensure correct applications have been obtained and completed.
Ensure correct compliance documentation is in order.
If relevant, act upon any changes made by the client after the meeting and draft a follow up letter to client.
To undertake client reviews Deal effectively with technical queries from clients and other parties. If required, attend client meetings with the Financial Advisor.
Review investment portfolio, asset allocation and risk profile at the client’s review point.
Provide guidance on business opportunities to the Financial Advisor following periodic review of the client files.
Use the database to record work in progress at all times.
Update and maintain the firm’s records and registers as required.
Liaising with Product Providers and Investment companies.
Keeping the clients informed of progress to manage client expectations