Paraplanner

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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. 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.

Job timings : 7:30AM to 4:30PM(1st sat ,3rd Sat & 5th sat off)

Salary : as per Industry standards.