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The Responsibilities of a Paraplanner
Paraplanners are responsible for conducting in-depth research and analysis on various financial products, investment options, and market trends. They gather the necessary information to assist Financial Consultants in formulating suitable strategies tailored to our client's needs. This involves evaluating risk profiles, assessing investment opportunities, and ensuring compliance with regulatory requirements.
Research and analysis:
One of the primary responsibilities of a Paraplanner is to assist in preparing comprehensive financial plans. They collate client information, analyse a client’s financial situation, and help create personalised plans that align with a client’s objectives. This includes drafting detailed reports, projections, and recommendations that outline the path to achieving financial goals.
Financial plan preparation:
Paraplanners ensure that all regulatory and compliance requirements are met. They stay up to date with changing legislation and ensure that the financial plans are in accordance with industry regulations. Documentation and record-keeping are vital aspects of their role, as they maintain accurate records of client interactions, investments, and other relevant details.
Compliance and documentation:
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Paraplanners serve as a point of contact for clients, providing ongoing support and addressing their queries or concerns. They may assist in organising client meetings, preparing presentations, and facilitating communication between the client and Financial Consultants.
Client communication and support:
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To excel in their role, Paraplanners are expected to maintain their knowledge of industry trends and advancements. They actively pursue professional development opportunities, attending seminars, webinars, and training sessions to expand their knowledge and skills. There are also qualifications that can be obtained. The majority of paraplanners commit to obtaining the level four diploma and many take further advanced exams to become chartered with the commitment to deliver the highest standards of professionalism.
Continuous professional development:
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