Company Description:
Policy Services is an independent financial advising firm established in 2002. As part of the St James's Place Wealth Management Group, we specialise in improving administrative efficiency for financial advisers across the UK. Trusted by over 2,000 advisers, we are dedicated to simplifying processes and delivering high-quality financial solutions. Our commitment is to provide unparalleled support and expertise to our partners in the financial advising industry.
Primary Job Functions:
Policy Services is a Financial Adviser based in Linlithgow, Scotland. An exciting full-time role for an experienced paraplanner has arisen in our Advice area. The paraplanner role is integral to the advisory team and the successful candidate will be a key member of the team. You will work closely with the advisers but have a direct reporting line to the Practice Manager.
On occasion, you will support the administration team and as such your role may require you to help others complete their duties. The organisation uses a bespoke system which has been created by our IT team, you will be provided with the necessary training to become fluent in its use.
In the role, you will be required to produce high quality, detailed suitability reports, with a strong focus on compliance. You will collaborate with Financial Advisers to ensure client objectives and goals are met and the client experience is supported.
The role holder will have strong paraplanning experience (3+ years) and hold the Level 4 Diploma in Financial Planning as a minimum. As a fully competent paraplanner, you will demonstrate an excellent application of technical knowledge and skills, showing an ability to undertake technical, precise and detailed work to a consistently high standard. You will have a sound understanding of financial products, FCA principles and regulatory standards.
Job specification:
Liaise with and support advisers and introducers to fulfil financial planning needs for clients.
Review and analyse client fact find and file notes as provided by introducers to gain an understanding of the clients requirements.
Conduct in-depth research and analysis to identify suitable solutions and produce cash flow modelling scenarios, as required.
Liaise with providers to obtain information about existing plans and policies and potential investments.
Determine client objectives and priorities, including attitude to risk and capacity for loss.
Prepare client files for meetings and maintain these compliantly throughout the advice process.
Prepare suitability reports and appendices for advice cases, including tax calculations where required. Prepare files and issue reports to clients by email or post, as required.
Conduct your duties with honesty and integrity, following the principles and rules of the FCA. You will demonstrate adherence to relevant regulations, rules and procedures that apply to your role and conduct of the business.
Dedicate time to ensure you meet continuous professional development requirements and maintain your product and technical knowledge.
Assist with team administration duties, where necessary, and ensure all systems are fully updated whilst undertaking your case load.
Collaborate with the advisers and other paraplanners to research and produce data for our Centralised Investment Proposition, providing a summary to be reviewed by the internal Investment Committee for review and acceptance.
Process incoming correspondence correctly in line with data protection procedures.
Collaborate with the keying team to ensure advice transactions are process accurately in line with the recommendation and within SLAs. Provide clear guidance so that the keying administrator fully understands the next steps required to follow up on the transaction.
The successful candidate will:
Have a sound understanding of the financial services industry, FCA principles and regulatory standards
Be proficient in Microsoft Office (with advanced Word/Excel skills) and have a high level of working knowledge across different provider platforms. You would also be expected to have sufficient technical knowledge to be able to collaborate with the team on the introduction of new technologies to streamline and strengthen the advice processes and offering.
Be highly organised and able to manage your own workload autonomously and effective to produce a high standard of work that meets the needs of our clients and your colleagues.
Be skilled in compiling suitability reports and other documentation, ensuring work is clear, accurate and concise.
Have a collaborative approach to working with Financial Advisers and other team members, to ensure great client service and outcomes.
Have experience (3+ years) and hold the Level 4 Diploma in Financial Planning as a minimum.
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