Gauteng: Paraplanning Assistant posted by Ultra Personnel

Day-to day administration, customer service, relationship management, research, operational tasks, and internal advice services to Wealth Managers including:

• Research on advice-related issues to be utilised in client reports/record of advice.
• Upload client financial information onto the client relationship management software system and prepare scenarios to be used by Financial Planners in the preparation of written Records of Advice.
• Prepare analysis of client portfolio on behalf of Financial Planner in accordance with practice procedures and policies as well as client and advisor requirements
• Draft Record of Advice documents for Financial Planners.
• Assist in managing the client review process for Financial Planners.
• Handle all top up/ad hoc investments and rebalances.
• Free up Wealth Manager’s time so that they can concentrate on what they do best (sitting in front of clients)

Summary of responsibilities and details :

• Minutes of meetings
• Preparation of meeting packs
• Risk Management record keeping – compliance and monitoring of all risk products offered
• Analysis on Portfolios
• Operational and Regulatory Reporting
• Telephonic and email query resolution
• Assistance with compliance officer visits
• General office management duties and/or administrative tasks that may be required from time to time (including personal administration for wealth managers)
• Updates and timeline management for client reviews -provide historical context to clients in relation to advice journey
• Financial market and fund research.
• Maintaining client’s files and records
• Where required, accompanying the Wealth Manager to meetings and draft feedback to be sent to clients timeously.
• Investment Planning and Estate Planning.
• Risk Planning.
• Follow the six step Financial Planning process.
• Prepare financial calculations for client portfolios where required
• Prepare risk calculations of shortfalls and provide solutions.
• Continuous research of the ongoing developments in risk and investment products.
• Undertake research of various investment and advice options for clients.
• Participation and completion of assigned projects.
• Adhere to all compliance in terms of FICA and FAIS regulations.
• Ongoing maintenance and development of professional knowledge, up-to-date, detailed knowledge of all aspects of financial planning, tax and legislation to satisfy the current industry and legislative requirements. Keep abreast of changes.

Experience, Education and Expertise
Matric is essential
Minimum of 2-3 years relevant experience within the wealth management / insurance industry is required
Qualification in the relevant field would be an advantage ie RE5 or similar
Meet Fit and Proper requirements in terms of the FAIS Act in order to be appointed as a representative.