Wealth Planning Paraplanner — Cash Flow & Research

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients.

Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit

The Wealth Planning team is responsible for the provision of comprehensive financial planning advice to individuals, companies, partnerships and trusts. We work with our clients to create a bespoke financial plan, considering the whole of the market in order to find the best financial planning solutions. We are involved in a broad range of activities including:

• Cash flow analysis
• Psychometric risk profiling
• Pension aggregation
• Income tax planning
• Inheritance tax planning
• Business planning
• Protection for illness
• Savings
• Long term investments
• Offshore and international planning for non-domiciled and non-resident clients
• Venture Capital Trust, Enterprise Investment Scheme and Business Relief advice

Preparation and maintenance of client files

• Collect and analyse client’s financial information and work with the Wealth Planner to determine strategies for meeting the client’s financial objectives.
• Ensure that all compliance documentation is recorded in line with LGT Wealth Planning’s procedure manual and FCA guidelines.
• Accurately record client information and documentation within ‘Intelligent Office’ back office management system.
• Identify and obtain the information necessary to complete a cash flow model (if required).

Cash flow planning (if required)

• Interpret data received from the client and build a cash flow model using our cash flow modelling tool.
• Ensure that all data input into the cash flow modelling tool is accurate and correct.
• Build the cash flow model with consideration to the client’s financial circumstances and objectives.
• Prepare an analysis document which details the outputs and key findings from the modelling, in line with the requirements of the Wealth Planner and client.

Advice and recommendation

• The Paraplanner may attend client meetings with the Wealth Planner (as required).
• Research and record all technical and product data relevant to the client and to the specific advice we are providing.
• Research should be undertaken both independently and alongside the Wealth Planner.
• Provide technical support to the Wealth Planner regarding specific queries relating to the advice we are providing.
• Analyse the client’s existing products/ financial arrangements to determine suitability in meeting the client’s objectives.
• Work with the Wealth Planner to identify suitable solutions to meet the client’s objectives.
• Undertake financial calculations relevant to the financial advice.
• Manage the preparation and completion of comprehensive financial advice letters and suitability reports in line with LGT Wealth Planning’s procedure manual. Ensuring any recommendations are detailed in a clear, concise, jargon free manner. This would include (but not limited to) retirement planning, estate planning, cash flow reports, or financial strategy plans.
• Ensure that all client data detailed in our financial advice letters and suitability reports is accurate and correct.
• Ensure that the correct advice sign off is obtained prior to issuing…