Five Wealth are hiring!

We are looking for a paraplanner to join our ranks who has an understanding of the advice process and experience in writing reports for a broad array of financial products and situations. Ideally we would like a candidate who can hit the floor running, however we would consider an exceptional candidate if they had practical industry experience, the ability to write and would pick things up quickly.

We’re obviously biased, but we’re a pretty great company to work for, and if you’re passionate about the job, enjoy being part of a team and willing to continuously improve the way we operate, you’ll fit in perfectly. For further information please contact Susan Nelder: susannelder@fivewealth.co.uk

 

JOB DESCRIPTION

Role:   Paraplanner

Company Background

Five Wealth offers financial planning and investment advice to an array of predominantly high net worth clients. We currently consist of 27 employees including administrators, advisers and paraplanners. The company was established in 2016 and has grown significantly so that we now manage over £600m of investments. The company office is located on Quay Street in central Manchester.

We advise a range of business owners, high earners, Trust funds and Investment Companies, and we do not have a ‘typical’ client. Our average client portfolio is somewhere in the region of £1m, however this ranges from c.£100k up to £15m. Advice includes accumulating investments, retirement planning and IHT planning amongst other things, together with a very good understanding of tax considerations in the advice and planning process – we would want the candidate to be confident in all of these areas.

Our advice includes strategy for both financial planning and investments, and all members of our team have knowledge in both areas – we feel this sets us apart from other firms, helps with development and career opportunities for our staff and means that our advisers are providing a holistic service. The company is proud to have achieved Chartered status.

Job Summary

We are looking for a paraplanner to join our ranks who has an understanding of the advice process and experience in writing reports for a broad array of financial products and situations. Ideally we would like a candidate who can hit the floor running so that the focus of their initial training will be around Five Wealth internal procedures rather than products/investments. However we would consider an exceptional candidate if they had practical industry experience, the ability to write and would pick things up quickly.

We are an independent advice firm and therefore the candidate would have to be comfortable interacting with and doing research on products, platforms and providers across the market.

Over time, we would expect the candidate to take a leading role in the paraplanning team, alongside existing experienced paraplanners, including training less experienced staff members and developing our internal processes.

Main Duties

  • Assist in creating financial planning solutions based on client objectives. The financial planning areas will include:
    • Investments & Financial Planning
    • Retirement Planning & Pensions
    • Estate/IHT Planning
    • Protection
    • Business Owners
  • Prepare suitability letters in line with agreed recommendations
  • Analyse client investment portfolios and prepare supporting documentation for client review meetings
  • Collaborate with advisers and support staff to ensure new business submitted and ongoing servicing levels meet with required standards
  • Collate, check and maintain client files in accordance with compliance requirements
  • Ensure that recommended contracts and investments are implemented as per advice provided
  • Contribute to investment research and attend fund manager and investment meetings as required
  • Attend technical knowledge seminars and assist with internal training sessions
  • Communicate professionally with clients as required
  • Other tasks as required to aid the smooth running of the business

Skills Required

  • Diploma level Financial Planner qualification (or close to achieving this)
  • 2 years industry experience
  • Excellent report writing and communication skills
  • Ability to analyse data and statistics
  • Excellent IT skills including proficiency in Word and Excel
  • Prior use of any of the following systems would be a bonus:
    • Intelligent Office
    • FE Analytics
    • eValue
    • Adviser Asset
    • O&M Profiler
  • Familiarity with investments, pensions and protection products
  • Ability to conduct research for appropriate providers and investments
  • Good understanding of compliance issues
  • Good organisational and time management skills including being able to deal with a number of tasks at once and prioritise work accordingly
  • Ability to build effective working relationships with colleagues and work in a team environment
  • Have a responsibility for good time keeping and be prepared to work beyond the standard office hours in certain situations where work is time critical
  • To be committed to the principle and ethos that the client always comes first

Salary and Benefits

  • Available on enquiry/application
  • Discretionary bonus depending on company and individual performance.
  • 27 ½ days holiday
  • Pension contributions matched by the company up to 5%
  • 3 x death in service

Practical Points

  • We operate an arrangement whereby staff are required to work in the office for 2 days per week. These 2 days are the minimum requirements, and the candidate would be able to work in the office more than 2 days if that was their preference, or if required by the business.
  • IT equipment is provided for working from home.

Find out more about the author

April 5, 2022 Post by Susan Nelder
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