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Trainee Paraplanner

Job description

Idex Consulting have an opportunity for an Trainee Paraplanner to be based in Edinburgh.


To assist the Financial Planning team and Investment Managers in all aspects of client work.


  • Work closely with Financial Planners to help prepare and implement advice for clients including preparing draft suitability reports, statements of ongoing suitability and annual wealth management reports
  • Responding to client technical queries in relation to a full advice proposition, including offshore bonds, pensions and tax-led investments, as well as drafting report letter commentary and preparing all associated paperwork
  • Responsible for a bank of Wealth Management, Family Office, and Transactional Financial Planning clients
  • Assist in compiling financial planning and investment proposals, taking responsibility for any additional bespoke work being proposed such as cash-flow modelling
  • Liaise with Financial Planning Administrators and Private Client Associates to prepare new client and annual review client packs
  • Maintain compliant advice files in Practice Management System (Xplan)
  • Attend client meetings where appropriate, and draft meeting notes for advice files
  • Liaise with third party stakeholders such as accountants, lawyers and service providers where relevant to provide/obtain information for mutual clients
  • Provide general technical support to Financial Planners and Investment Managers
  • Keep up to date with FCA rules and regulations
  • Complete monthly compliance modules in timely fashion before deadlines
  • Participate in any projects and relevant business initiatives when required

Knowledge & Skills

  • Experience in a Financial Planning/Wealth Management administration role
  • Proficient in standard industry advice and research tools: Selectapension, Cashflow Modelling (preferably Voyant), FE Analytics
  • Knowledge of Xplan (or similar practice management systems) would be beneficial
  • Understanding of the annual FCA ongoing suitability process and experience providing support with this
  • Experience of Defined Benefit Pension advice would be beneficial


* Working towards Level 4 diploma in financial planning (or equivalent)

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