Our client is seeking a Paraplanner is to provide essential technical and administrative support to financial advisers, helping to create accurate, compliant, and effective financial plans for clients. They will handle much of the behind-the-scenes work, allowing advisers to focus on client relationships and strategic advice. Key Responsibilities - Research and Analysis - Conduct in-depth research on financial products (e.g., pensions, investments, insurance) to determine the most suitable options for a client's financial goals. - Analyse market trends, fund performance, and investment strategies to support the adviser’s recommendations. - Perform cash flow analysis, tax planning, retirement projections, and risk assessments to provide data for financial planning. - Use financial planning tools to create and update financial forecasts, plan structures, and manage client data. - Accurately input client data into financial planning systems, ensuring that information is up to date and aligned with the adviser’s recommendations. - Work with advisers to update plans based on new client information or changes in market conditions. - Suitability Reports - Draft detailed suitability reports that explain why specific financial products or strategies are recommended to clients, ensuring they align with the client's objectives, needs, and risk profile. - Ensure that all reports and advice adhere to regulatory standards, documenting the rationale for each recommendation. - Prepare financial plans that may include retirement planning, investment strategies, tax-efficient structures, estate planning, and protection strategies, all tailored to the client's needs. - Use financial planning software to model various scenarios, helping the adviser to explain the potential outcomes of different strategies to clients - Mentorship and Development - Provide guidance and mentorship where applicable to team members and colleagues, sharing expertise to enhance team performance and knowledge - Act as a resource for technical queries, where applicable helping the understanding of compliance and regulatory requirements. - Suitability Report Checking - Where applicable and as required, review reports prepared by the team and ensure the accuracy, quality, compliance of suitability reports. - Conduct assessments to confirm that reports align with clients' objectives, regulatory standards, and internal policies. - As required, provide constructive feedback to team members to maintain high standards and improve reporting processes. - Regulatory Compliance and Risk Management - Ensure that all financial advice, documents, and reports comply with relevant regulations, and anti-money laundering requirements. - Maintain accurate records of client files and ensure they are audit-ready, meeting both internal and external regulatory standards. - Identify potential compliance risks and ensure that financial recommendations are within regulatory limits. - Advisers and Client Support - Collaborate with financial advisers to provide technical support, answer queries, and ensure all recommendations are thoroughly researched and justified. - Occasionally communicate with clients to clarify financial details or follow up on outstanding information. - Assist client services support where information is missing or assist with their understanding of requirements. - Where necessary co-ordinate with providers to gather required documents or information. - Assist in completing and submitting application forms for complex cases where required. - Continuous Learning and Development - Stay updated on changes in financial regulations, products, tax laws, and industry best practices to provide up-to-date and relevant support to advisers. - Pursue ongoing education and qualifications to improve technical expertise and compliance knowledge. Key Competencies & Characteristics - Strong financial and regulatory knowledge as well as good Industry awareness - Technical paraplanning experience - Good Knowledge of financial planning software - Good organisational skills - Strong analytical skills - Client-centric approach - Good communication skills - Excellent written communication - Attention to Detail - Multi-tasking and ability to prioritise - Adaptability - An ability to contribute to a positive working culture within the physical office and remote working environment Experience - Experience in assisting financial advisers preparing cash flow models, and drafting personalised financial plans based on client needs. - Hands-on experience researching and comparing financial products, analysing investment options, and understanding tax implications to support adviser recommendations. - Client Interaction experience - Knowledge of Regulatory Requirements - Extensive use of financial planning software Qualifications - Level 4 or equivalent – working towards level 6 Technical Knowledge To succeed in this role, you will have good technical knowledge and a deep understanding of financial products and compliance regulations.