Paraplanner Job Description
Paraplanner
provides support to the Private Bank front line staff, ensuring that financial plans and investment strategies are of high quality and meeting the complex needs of clients and comply with agreed policies and procedures.
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:
Research and analysis of all investment products including but not limited to individual securities, mutual funds, UITs, ETFs, REITs, variable annuities, and variable life products
Assist Financial Advisors to customize their marketing materials, including pitch books, communication campaigns, newsletters
Preparing and maintaining the client file
The Paraplanner may attend client meetings
Review notes from all prospect/client meetings, gather data and prepare forms, illustrations, quotes and any additional reports needed for appointments
Provide occasional administrative assistance to FA (online research, formatting documents)
Manage client portfolio investment analysis and recommendations
Trading desk management and oversight, including but not limited to, trading in securities, mutual funds, managed accounts, and variable annuities and variable life
Manage existing investment recommendation platform for ongoing maintenance and development of preferred providers and securities
Analyze all employer plans and summary plan description documents including, but not limited to 401K, restricted stock, stock options, post-tax opportunities for ROTH IRA and in-service distributions
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:
Business tools
Business practices
Markets and competitors is expected
Products
Superannuation
Retirement strategies
Social security
Taxation and investment theory
This area
Ability to learn
Desired experience for paraplanner includes:
Series 7, Life, Health License a plus or willing to obtain within 6 months after hire
Polite, professional and clear phone manner
4 year college degree or minimum 3 years financial planning industry experience
High level of computer efficiency including Microsoft Office Tool Suite
A self-starter who is always looking for ways to help and grow
Maintains an exceptional level of attention to detail and quality of work
Paraplanner Examples
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Paraplanner Job Description
Job Description Example
Our company is hiring for a paraplanner. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for paraplanner
- 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
Qualifications for paraplanner
- 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
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Paraplanner Job Description
Job Description Example
Our company is growing rapidly and is hiring for a paraplanner. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for paraplanner
- 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
Qualifications for paraplanner
- 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
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Paraplanner Job Description
Job Description Example
Our company is growing rapidly and is looking for a paraplanner. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for paraplanner
- 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
Qualifications for paraplanner
- 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
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Paraplanner Job Description
Job Description Example
Our growing company is hiring for a paraplanner. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for paraplanner
- 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
Qualifications for paraplanner
- 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)
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Paraplanner Job Description
Job Description Example
Our company is looking to fill the role of paraplanner. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for paraplanner
- 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
Qualifications for paraplanner
- 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