The Paraplanning Administrator works closely with the Paraplanner in analysing a client’s existing arrangements, researching potential solutions, using cashflow modelling and preparing recommendation reports and documents required to allow the Financial Planner to present solutions to their client, and for the client to proceed with those recommendations if agreed.
Where a client benefits from an ongoing service, the Paraplanning Administrator will prepare an annual review pack and any further items required by the Financial Planner for their meeting.
The Paraplanning Administrator will be working towards the Level 4 Diploma in Financial Planning through the CII, LIBF or equivalent and working towards achieving the required Continuing Professional Development of 35 hours (CPD) required by membership of the relevant professional bodies.
Analysing a client’s existing arrangements – completing a Review of Existing Arrangements on client’s existing plans to ensure that full information has been obtained to allow the Financial Planner to provide the best advice to the client. This will involve liaising with the Financial Planner and possibly plan providers to obtain information and completing the Review of Existing Arrangements template.
Researching potential solutions – Conducting research on specific solutions as and when required. This will involve completing full market research and ensuring that all the due diligence is completed and added to the file. Paraplanning Administrator to review findings with Paraplanner.
Using cashflow modelling – ensuring a client is loaded onto the relevant cashflow modelling tool with current values and circumstances.
Preparing recommendation reports and documents required to allow the Financial Planner to present solutions to their client – Drafting Recommendation Reports and Letters once the Financial Planner has reviewed the Review of Existing Arrangements (where applicable) and confirmed their proposed recommendations. Obtaining the relevant paperwork or applications required to implement the proposed recommendations, including illustrations if required. Paraplanning Administrator to submit draft and paperwork for review by Paraplanner.
Client review meetings – Preparing valuations and other items required by the Financial Planner for their meeting.
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