What are the responsibilities and job description for the Paraplanner / Financial Planning Assistant position at Simplex?
This role will be a hybrid position 3 days in and 2 days work from home and will involve an initial 90 days of 5 days/week on-site during the training period.
Our client is a top Wealth Management Firm that provides comprehensive financial planning, retirement and tax planning, estate planning, risk management, and investment management services. The company manages approximately $5 billion in assets on behalf of clients.
The Paraplanner is responsible for assisting with financial planning processes. You will work directly with clients and prospective clients. This position reports to the Director of Financial Planning and works closely with all departments within the organization.
Responsibilities:
The responsibilities of the position include a cross-section of Financial Planning and Investment Management for firm clients, including but not limited to:
- Assist with advising clients about the implications of specific financial decisions.
- Understand clients' goals and use them as guideposts for any financial advice that is offered.
- Gather necessary data to ensure that any advice offered to a client is the best and will expose them to minimum risk.
- Determine whether the client has sufficient resources to meet his/her goals within a specified time limit.
- Assist with advising clients on how well to manage the risks posed by their cash flow.
- Assist with advising and preparing analysis for a client including retirement cash flow projections, Social Security income analysis, pension plan analysis, etc.
- Assist with advising and preparing tax analysis to ensure tax liabilities for the client are reduced.
- Review and provide recommendations on estate planning techniques to create, accumulate, and conserve client assets.
- Learn and understand our firm's investment process.
- Meet with new and existing clients alongside Financial Planner(s).
- Prepare PowerPoint presentations for prospective client meetings.
- Provide a high level of service to firm clients.
- Produce error-free documents and correspondence that have been proofed, edited, and reviewed prior to sending to clients.
- Prepare client review follow-ups.
- Assist with sign-on and onboarding of new clients.
- Assist with team CRM task management as needed.
- Sit in large meetings to assist with note-taking when needed.
- Fully utilize and keep up-to-date records and tasks for clients.
- Adhere to the Firm and Department’s Best Practices.
- Assist with department requests as needed.
Qualifications:
- Bachelor’s Degree
- Minimum of 1-3 years of experience in a financial planning/investment management role, or undergraduate study and internship experience from a financial planning degree program.
- Fully licensed within 6-months of assuming the role (CFP, Series 66, Series 7)
- Sales skills are a plus.
- A strong analytical background is necessary to complete client analysis.
- Proficient in MS Excel, PowerPoint, and Word.
- Experience with the following software programs a plus:
- Tamarac
- Microsoft CRM
- Morningstar Principal and/or Morningstar Direct
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