Somerset West: Paraplanner posted by Status Staffing

About the Role

We are seeking a highly skilled Paraplanner to join our team in Somerset West. As a key member of our financial planning practice, you will partner with Advisors and Financial Planners to deliver comprehensive financial plans that meet clients’ needs, objectives, and risk profiles. You will be responsible for preparing financial planning documentation, conducting research and analysis on investment products, and providing technical support to Advisors during client engagements.

Key Responsibilities

• Partner with Advisors and Financial Planners to prepare and support the delivery of comprehensive financial plans aligned with clients’ needs, objectives, and risk profiles.
• Prepare financial planning documentation, including investment proposals, review packs, and Records/Statements of Advice, ensuring compliance with legislative, regulatory, and internal policy requirements.
• Conduct research and analysis on investment products, tax implications, capital gains tax (CGT) calculations, and comparative product features to support Advisor recommendations.
• Prepare client meetings by drafting agendas, generating review reports, preparing presentation materials, capturing meeting notes, and ensuring that action items are implemented and followed through.
• Provide technical and analytical support to Advisors during client engagements, including data preparation, financial planning analysis, and presentation support.
• Support the administration and implementation of client portfolios, including new business implementation, rebalancing, switches, withdrawals, and ongoing portfolio maintenance.
• Maintain accurate and up-to-date client records across CRM and financial planning systems (e.g., Elite Wealth), ensuring compliance with FAIS, FICA, and internal record-keeping requirements.
• Liaise with Fiduciary Specialists responsible for drafting client wills and overseeing estate administration, ensuring that estate status is monitored and updates are communicated to Advisors and clients.
• Coordinate upcoming client reviews, assist with workflow planning, and provide feedback to Advisors on operational efficiencies and process improvements.
• Contribute to the ongoing development of paraplanning processes, client service offerings, and internal projects, while participating in training initiatives to expand technical knowledge.

Requirements

• Com (Bachelor of Commerce) degree or equivalent tertiary qualification.
• Postgraduate Diploma in Financial Planning would be advantageous.
• 2–5 years’ experience in a similar role within a Financial Planning or Wealth Management practice.
• Minimum of 3 years’ paraplanning experience would be advantageous.
• Regulatory Examination (RE5) qualification would be advantageous.
• Certified Financial Planner (CFP®) designation would be advantageous.
• Experience working with various LISPs (Linked Investment Service Providers) would be advantageous.
• Strong knowledge of financial planning principles, including investments, retirement planning, tax planning, and estate planning.
• Sound understanding of regulatory and compliance requirements, including FAIS, FICA, and related industry legislation.
• Proficiency in financial planning and CRM systems (e.g., Elite Wealth or similar tools).
• Strong Microsoft Excel skills for financial calculations and analysis.
• Proficiency in Microsoft Word and PowerPoint.
• Strong analytical and research skills, with the ability to interpret complex financial information and translate it into clear, practical recommendations.
• High level of attention to detail and accuracy when preparing financial planning documentation and client records.
• Excellent organisational and time management skills, with the ability to manage multiple priorities and meet deadlines.
• Excellent written and verbal communication skills in English, with strong comprehension of Afrikaans.
• Written and verbal communication in Afrikaans would be advantageous.

Salary & Benefits

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