Average Administrator Paraplanner salary in the UK

A leading, award winning, Chartered Financial Planner based in the North-West, currently requires an experienced and Diploma Qualified Paraplanner to join it’s friendly and vibrant team. Paraplanner Job Purpose The Technical Support Team is primarily responsible for producing suitability reports for clients on behalf of its advisers. The team is made up of paraplanners and administrators: Paraplanners are referred to as Technical Support Analysts for client facing documents, carry out the technical research and analysis needed to produce the detailed client facing reports that explain to a client what course of action the adviser recommends and why this is suitable for them. Paraplanning Administrators (PPA), referred to as Technical Support Administrators for client facing documents, support the Paraplanners by gathering the relevant information from product providers and physically preparing the reports for the advisers in advance of client meetings/to issue in the post.. Paraplanner Principal Accountabilities The role of the Paraplanner is to collect, analyse and present data on behalf of the advisers. The Paraplanner deals mainly with analysis and presentation and is responsible for oversight of the work done by the PPA. The Paraplanner writes reports but is not simply a report writer. A good Paraplanner needs an understanding of the advisory process and will check and challenge where more suitable solutions might exist. They will be able to analyse existing assets quickly and accurately, based on the data collected by a PPA, to identify if better client outcomes can be achieved in alternative products. An exceptional Paraplanner will identify procedural points of failure, developing and adding to existing processes to improve the efficiency of the team. Paraplanner Main Responsibilities Provide analysis, detailed research of funds and providers, carry out calculations, build cashflow, report writing and product recommendations for presentation to clients and/or reports for sending to clients.Provide all advice within a strict ethical and compliance framework and under guidance from the Team LeaderProvide technical support and back up to Advisers and the Sales Support function.Complete portfolio reviews and rebalancing requestsUse knowledge of financial planning to question and challenge proposed solutions.Draft workflows and trading workflows off the back of the recommendations being made in the suitability report.Deal with client and insurer queries to completion via the telephone or in writingEnsure that quality assessments (peer review) have been carried out, evidenced, and signed off accordingly.Ensure Intelligent Office is kept up to date with clients and portfolio details as necessary and required.To ensure that personal level of authority and responsibility is clearly delineated. This should incorporate a full understanding of procedures and their relevance together with any changes in Compliance and/or the financial services marketplace as required from time to time.Commit to continuous personal development and retain supporting records for inspection upon request by the Team LeaderManage own workflow position and provide updates on to the Team Leader Paraplanner Essential requirements Qualified to or studying towards Diploma level qualification (Level 4) in Financial PlanningExcellent understanding of the Financial Planning processExcellent understanding of the main financial products and the data required by paraplanners and advisers to analyse their ongoing suitability for clients.Able to work within defined business processes, as part of a team and individually on own initiativeAbility to achieve agreed outcomes without supervision, prioritising and planning own workload.Excellent interpersonal skillsAbility to produce detailed and accurate work consistently to a high standard.Good IT skills (notably MS Word and Excel, but also able to learn third party software such as Intelligent Office, FE Analytics and Selectapension)Desirable requirementsDesire to achieve Chartered status (Level 6)

Mbf are working with a boutique firm of Independent Financial Advisers in Cheltenham to recruit an experienced Paraplanner. Our client is a very successful business who provide holistic financial services to an established portfolio of clients, with a strong commitment to placing clients at the heart of everything they do, our client prides itself on delivering tailored financial solutions and building long-lasting client relationships. Our client is looking to recruit an experienced Paraplanner, you will play a crucial role in providing comprehensive technical support to the companies Managing Director & Senior Financial Planners. You will work within a professional team and will be provided support by the in-house Administration team; this will allow you to focus undertaking technical work and delivering an excellent service to the companies Planners and clients. To be considered you MUST be Level 4 qualified and will have a minimum of 3 years’ experience within a Paraplanner position. Key Responsibilities: Conducting thorough research and analysis to support the development of financial plans and recommendations.Preparing detailed financial reports, including suitability reports and investment proposals.Assisting with the implementation of financial strategies and solutions. Maintaining accurate client records and ensuring compliance with regulatory requirements.Collaborating closely with the advisory team to deliver exceptional client service and support. What's in It for You: A very competitive basic salary to £45,000 (dependant on experience, qualifications etc) + distortionary bonus + company benefits. The opportunity to join a friendly and professional practice that prioritises client satisfaction and employee well-being & hybrid working.

This role is best suited to those who already have paraplanning experience, and ideally have their level 4 qualification. At this business you will benefit from being part of a large team, where you will receive support, have hybrid working, great benefits, and due to growth plans, there will be opportunities to progress further within the business. The business The business is a fast-growing and well-established Financial Services practice with offices across the UK. The business is growing organically, as well as through acquisitions, hence the need to expand the support team. This position is based in their Northallerton office. The Role As a Paraplanner, you will be collaborating closely with their advisors and administrators to undertake the necessary research and deliver suitability reports. You will be preparing pre-approval documentation, conducting relevant financial calculations, communicating effectively internally and externally, as well as being confident issuing instructions to the Client Admin Team. Benefits Salary up to £45k depending on experienceHybrid workingDeath in Service (4 x annual salary)Private Medical Insurance provided by Vitality.Group Income ProtectionEmployee Assistance ProgrammeMedicash (healthcare cash back plan)Pension 5% minimum (company will match up to 10%)Discretionary 10% annual bonus based on company performance.24 days + 8 bank holidays, entitlement will rise 1 day per calendar year of service, up to a maximum of 30 days for each additional year. If you want to find out more about this opportunity, then simply apply here. You can then leave the rest to us in terms of arranging an interview with the business.