Average Chartered Paraplanner salary in the UK

A leading, award winning, Chartered Financial Planner based in the North-West, currently requires an experienced and Diploma Qualified Paraplanner to join it’s friendly and vibrant team. Paraplanner Job Purpose The Technical Support Team is primarily responsible for producing suitability reports for clients on behalf of its advisers. The team is made up of paraplanners and administrators: Paraplanners are referred to as Technical Support Analysts for client facing documents, carry out the technical research and analysis needed to produce the detailed client facing reports that explain to a client what course of action the adviser recommends and why this is suitable for them. Paraplanning Administrators (PPA), referred to as Technical Support Administrators for client facing documents, support the Paraplanners by gathering the relevant information from product providers and physically preparing the reports for the advisers in advance of client meetings/to issue in the post.. Paraplanner Principal Accountabilities The role of the Paraplanner is to collect, analyse and present data on behalf of the advisers. The Paraplanner deals mainly with analysis and presentation and is responsible for oversight of the work done by the PPA. The Paraplanner writes reports but is not simply a report writer. A good Paraplanner needs an understanding of the advisory process and will check and challenge where more suitable solutions might exist. They will be able to analyse existing assets quickly and accurately, based on the data collected by a PPA, to identify if better client outcomes can be achieved in alternative products. An exceptional Paraplanner will identify procedural points of failure, developing and adding to existing processes to improve the efficiency of the team. Paraplanner Main Responsibilities Provide analysis, detailed research of funds and providers, carry out calculations, build cashflow, report writing and product recommendations for presentation to clients and/or reports for sending to clients.Provide all advice within a strict ethical and compliance framework and under guidance from the Team LeaderProvide technical support and back up to Advisers and the Sales Support function.Complete portfolio reviews and rebalancing requestsUse knowledge of financial planning to question and challenge proposed solutions.Draft workflows and trading workflows off the back of the recommendations being made in the suitability report.Deal with client and insurer queries to completion via the telephone or in writingEnsure that quality assessments (peer review) have been carried out, evidenced, and signed off accordingly.Ensure Intelligent Office is kept up to date with clients and portfolio details as necessary and required.To ensure that personal level of authority and responsibility is clearly delineated. This should incorporate a full understanding of procedures and their relevance together with any changes in Compliance and/or the financial services marketplace as required from time to time.Commit to continuous personal development and retain supporting records for inspection upon request by the Team LeaderManage own workflow position and provide updates on to the Team Leader Paraplanner Essential requirements Qualified to or studying towards Diploma level qualification (Level 4) in Financial PlanningExcellent understanding of the Financial Planning processExcellent understanding of the main financial products and the data required by paraplanners and advisers to analyse their ongoing suitability for clients.Able to work within defined business processes, as part of a team and individually on own initiativeAbility to achieve agreed outcomes without supervision, prioritising and planning own workload.Excellent interpersonal skillsAbility to produce detailed and accurate work consistently to a high standard.Good IT skills (notably MS Word and Excel, but also able to learn third party software such as Intelligent Office, FE Analytics and Selectapension)Desirable requirementsDesire to achieve Chartered status (Level 6)

Idex Consulting are working with a large Glasgow Chartered IFA practice who are looking for a new Paraplanner.You will be preparing personalised financial plans for clients including: Investment of new moniesReview suitability of existing arrangementsRetirement income strategiesDefined benefit transfer adviceTax and inheritance tax planningAnnual reviews Using cash-flow planning tools to analyse client's position and using this as a base to formulate advice.Whole of market research for suitable products including discretionary investment portfolios and investment funds.Technical calculations such as chargeable gains on investment bonds, capital gains tax, pension carry forward and inheritance tax.Submission of new business to providers/platforms work closely with: Wealthtime (previously Novia)Standard LifeP1 PlatformRoyal LondonQuilterPrudentialM&G Wealth PlatformScottish WidowsMaintaining compliant client filesDelegating work to paraplanning and admin teamProviding support and guidance to trainees, Paraplanners and Advisers to formulate advicePeer checking Paraplanner reports and calculations In return you will receive an excellent package and highly flexible working arrangements. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Paraplanner Leeds £35 to 40,000, plus bonus and benefits Duties and responsibilities include: Prepare Financial Plans, Suitability Reports and Letters.Cash flow modelling and forecasting.Prepare and collate documentation to support the recommendation and justify the provider and product recommended, including Investments, Pensions and Protection.Assist with client meetings when required, including note taking and follow up any actions as required.Manage your own workflows and tasks.Process improvements: review, enhance and streamline paraplanning processes, systems and procedures to increase efficiency in the paraplanning team. Requirements: You will hold the Diploma Level Four qualification (or close to achieving) and have the desire to achieve Chartered and / or Certified financial planner status.Good understanding of the financial planning process and associated compliance aspects.Driven and focused with the ability to complete tasks under pressure on time and right first time.Experience of report writing and conducting investment and product market research.Technically proficient across all areas of financial planning, especially pensions.Ability to use technical financial planning tools, financial modelling and back office software. How to apply: Please send your CV immediately to Stuart at Reward Recruitment Limited or contact him on 0 7 7 4 7 7 8 2 9 3 4.