Job Description
The Role of the Paraplanner
The Paraplanner’s role may be broken down into four key parts:
A. Preparing and maintaining the client files – software entries
B. Understanding and analysing the recommendations to confirm that the compliance requirements are met
C. Implementing recommendations
D. Review
A
A. Preparing and maintaining the client file:
Generally the Financial Planner would collect the qualitative information (client attitudes, life goals etc.) leaving the paraplanner to collect all the quantitative detailed information required to compile a financial plan.
Specific activities include:
· Check all compliance paperwork is present
· Confirm client risk profile is determined
· Discuss client objectives with planner
· Identify and obtain the information necessary to compile financial cash flow forecast
· Compile draft net worth statement; income and expenditure statements and financial
· Cash flow forecast and discuss with planner.
B. Understanding and analyzing the recommendations
• Identify areas for planning
• Undertake research both independently and with the Financial Planner to identify suitable solutions to meet the client’s needs
• Prepare information/comparisons for analysis.
• Complete current and future net worth and cash flow projection as per the recommendation.
• Prepare draft recommendation reports to be discussed/signed off by planner.
C. Implementing recommendations:
• Complete application / proposals forms
• Ensure all compliance paperwork is in order
• Make changes to clients’ investments as instructed
• Implement the chosen investment strategies
D. Review :
• Organise future planning meetings with client as per the review period.
• Complete review packs in preparation for client meeting.
• Review investment portfolio, asset allocation, risk profile etc.
Location : Gujarat and Bangalore
Job timings : 7:30AM to 4:30PM(1st sat ,3rd Sat & 5th sat off)
Salary : as per Industry standards.