Paraplanner

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 the financial advice letters and suitability reports.
• Liaise with the client’s LGT investment manager, legal advisor, accountant and tax advisers, etc (where applicable).

Oversee implementation of recommendations

• Ensure the advice file is in order prior to passing onto the Administration Manager for new business submission.
• Oversee the completion of application forms by the administration team prior to issuing to the client.
• Work with the administration team to oversee the implementation of the agreed recommendations.

Prepare for client reviews

• Act as main point of contact with providers / third parties.
• Where required update existing cash flow models.
• Research and record on file technical and product data relevant to the client’s annual review.

Administration

• Although the team has an administration team primarily responsible for liaising with third party suppliers; the onus is on the Paraplanner to ensure the administration is completed in a time-efficient manner. This may involve letter writing, chasing letters of authority, and chasing information from third parties.
• In the absence of the administration team, the Paraplanner will be expected to undertake their own…