Assisting financial advisers with researching, analysing and preparing financial reports for clients.
Occupational Profile
Due to recent regulatory changes, there is an increasing demand for professionally qualified technical support in Financial Adviser businesses. The role of the Paraplanner is to assist the Financial Adviser in researching analyzing & preparing compliant financial reports for clients that verify the recommendations made in accordance with the company investment philosophy. It should also be noted that the Paraplanner role is distinctly different from the role of a Financial Adviser *.
There are 2 distinct Paraplanner roles recognized by the sector and this standard is for the first of these two roles. Successful completion of this standard will result in a demonstration of full competence as a fully qualified Paraplanner. Upon completion, there is the potential to develop further into the role of ‘Senior Paraplanner’ which requires a broader level of industry experience & further qualifications (the Senior Paraplanner role delivers a higher level of technical & specialist support to the Financial Adviser whilst also contributing more strategically to the business’s investment philosophy & processes) or other technical, compliance or managerial roles within the sector.
Summary of standard
https://www.instituteforapprenticeships.org/apprenticeship-standards/paraplanner/
Full standard
https://www.instituteforapprenticeships.org/media/1096/paraplanner.pdf
