Paraplanner Job Description
Paraplanner Duties & Responsibilities
To write an effective paraplanner job description, begin by listing detailed duties, responsibilities and expectations. We have included paraplanner job description templates that you can modify and use.
Sample responsibilities for this position include:
Paraplanner Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Paraplanner
List any licenses or certifications required by the position: CFP
Education for Paraplanner
Typically a job would require a certain level of education.
Employers hiring for the paraplanner job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Finance, Accounting, Financial Planning, Education, Economics, Business, Associates, Financial Services, Business/Administration, Business/Management
Skills for Paraplanner
Desired skills for paraplanner include:
Desired experience for paraplanner includes:
Paraplanner Examples
Paraplanner Job Description
- Provide compliance documentation and monitor accounts for any client account investment guidelines violations, updates and changes
- Utilize industry standard tools including Thomson ONE, Morningstar Workstation, Asset Allocation Master web based research tools, applications, and other proprietary tools
- Significant experience in a Paraplanning role
- Solid experience with Xplan
- Strong technical knowledge coupled with excellent communication skills
- Work life balance and a strong supportive management team
- A working culture that prides itself on valuing diversity and accountability
- A generous flexible benefits programme (with the option to tailor your benefits to fit your lifestyle)
- Minimum qualifications of DFP
- Strong previous experience in a Paraplanning role
- CFP designation a plus
- FINRA Series 7 and Series 63 or 66 licenses
- Client focus with a high attention to detail
- Portfolio trading experience preferred
- 2+ years working as a para-planner preferred
- NJ Life, Accident & Health License (LAH) is beneficial
Paraplanner Job Description
- Assist in executing of some business
- Completes client trades accurately and efficiently
- Responsible for investment tracking, required minimum distribution (RMD) tracking, and money movements between accounts
- Prepares, analyzes, and reviews high cash report with Advisors to determine action items
- Maintains communication with client during the financial planning process
- Performs the calculation of required minimum distributions (RMD), facilitates distribution on behalf of the client(s) and provides thorough documentation of work performed
- Prepares and ensures new business paperwork processes successfully
- Supports compliance within the practice and fulfills all compliance responsibilities
- Undertake research to allow the Paraplanner and Adviser to identify suitable solutions to meet the client’s needs
- Prepare information/comparisons for analysis by the Paraplanner and Adviser
- Strong interpersonal skills and client service experience is a plus
- Must have a 4 year college degree -industry/related experience
- Series 7, Series 66 or Life, Accident & Health License (LAH) is a plus
- Degree (highly regarded)
- Enjoys systems
- Initiative to be a key contributor to the practice with possible advancement to Associate Financial Advisor or Financial Advisor
Paraplanner Job Description
- Identify and document a range of strategies in a compliant, personalised and tailored format
- Preparation of comprehensive financial projections utilising Xplan, calculations and research
- Provide ongoing technical support to financial planners and peers
- Assist with executing trades in client accounts, and managing and monitoring allocations using portfolio rebalancing software
- Track and report task status, transfer processing and account updates
- Deliver high quality client service in a professional, caring, and compliant manner
- Communicate effectively in person, in writing, and verbally with clients, prospects, and others in the organization
- Ability to acquire and service clients based on experience and readiness
- Working closely with advisor to develop portfolio/robust product solution recommendations that will fit the client’s risk tolerance and time frame develop appropriate product deliverables
- Respond to day to day queries from clients in order to relieve Adviser of general queries
- Keen attention to detail & business processes, , identifies & resolves errors & discrepancies
- Polite and clear phone manner (can be influential & exude a feeling of trust)
- Suggests improvements that can benefit the franchise
- Keen ability to proof read
- Polite, clear & cheerful phone manner
- Effectively utilising financial planning software and modelling tools
Paraplanner Job Description
- Participate and contribute in activities such as seminars, presentations, workshops
- Attend team meetings and Flight Centre Travel Group/Moneywise functions as requested
- Gather all financial data from clients
- Input data and other pertinent information to Wealth Vision Software
- Process and analyze data for review with advisor
- Prepare all necessary paperwork for client meetings
- Assist advisor with client meetings
- Work as part of the advisory team to manage client’s needs and expectations
- Produce annual client review packs and set up review meetings with clients
- Ensure any required client changes are made as part of annual reviews
- Excels in a collaborative team environment with minimal direction
- Ability to market to clients an prospects
- Must have a 4 year college degree and/or a minimum of 2 years industry related experience
- Series 7, Series 66 and Life Insurance licensed or willing to get licensed within a reasonable amount of time
- High level of computer efficiency including Microsoft Office, Outlook, Contact Manager and Adobe
- 2-4 years of para-planning experience (in a similar role)
Paraplanner Job Description
- React to client enquiries and deal with requests in a timely manner
- Work with advisers to ensure that client files are compliant and managed in line with our documented procedures
- React to all client related enquiries in a timely manner and maintain a record of responses
- Work with product providers to obtain policy information and product information
- Ensure digital records are kept up to date
- Work with the support teams and delegate administration work as required
- Be able to work independently and without much direct supervision
- Have the ability to breakdown difficult financial concepts into clear and easily understood manner both verbally and through written material
- Analysis of portfolio income and outflows and related tax implications
- Written and verbal communication of transaction/investment information with clients and advisors
- Ability to build rapport with people (in local office, across branches nationwide and different organizations)
- State of Ohio Health, Life & Variable Annuities Insurance License
- Minimum of five year’s experience in a FINRA and SEC member firm
- College degree (four year)
- Advanced industry degree preferred
- Highly detail-oriented and able to multitask in a fast paced environment