Trainee Paraplanner
- Recruiter
- The Verve Group
- Location
- Durham
- Salary
- 18500.00 - 30000.00 GBP Annual
- Posted
- 25 May 2021
- Closes
- 22 Jun 2021
- Sectors
- Banking & Financial Services
- Contract Type
- Permanent
- Hours
- Full Time
The Grad Scheme is the training programme within The Verve Group - a group of companies offering a range of support services to financial advisers and planners. This Trainee Paraplanner role is available within Para-Sols ()
Psst, our graduate scheme is currently open to non-graduates too (the name suggests otherwise I know!). We know that Covid-19 has played havoc with many career plans and so, we don't want to exclude those who didn't take the uni-route after they left education.
First off, what on earth is 'paraplanning'?
It's a little known but rapidly in-demand career that has grown in recent years. In simple terms, a Paraplanner is someone who works with a Financial Adviser to do a number of their non-client facing tasks involved in preparing and administering a Financial Plan or Report for a client. Some would say we do all the nitty-gritty in the background, like the research, analysis and finally the report writing required to make sure the client is getting the best advice and the adviser is getting the support to help them document that.
The Role
We always start with learning the basics first - it's the best foundation for success. For this role, that means learning all about the billion-pound finance sector and the importance of people receiving sound financial advice. You'll then move on to working on real client cases, getting to grips with the administration side of a case, learning the ins and outs of an abundance of pension, investment and insurance products. Over the course of your 6 month probation period, this will involve getting stuck in and doing the role of an administrator - finding out all the finer details, getting on the phone to product providers and using research tools to pull all the information a paraplanner needs together. As your knoweledge increases (and you get more exams under your belt!), you'll learn how to research a case and understand the needs of individual clients as well as starting to write basic reports and managing your own workload.
We'd expect that after two years of training, you will be an expert in researching the market and making recommendations, be an accomplished report writer, volunteering to tackle the tricky cases and manage your own clients. As well as being a wonderful role model to the newest wave of graduates!
The Qualifications
Your initial qualifications will be under the CII (Chartered Insurance Institute) .
We'd expect you at the end of the two years to achieve the Diploma in Regulated Financial Planning (6 exams)
- RO1 - Financial services regulation and ethics
- RO2 - Investment principles and Risk
- RO3 - Personal Taxation
- RO4 - Pensions and retirement planning
- RO5 - Financial Protection
- RO6 - Financial Planning Practice
Once you've got these, you can then explore a whole host of different qualifications with the CII or other examining bodies - even going as far as becoming a fully qualified Chartered Financial Planner of which we will happily pick up the bill for, in addition to your salary, meaning the costs aren't a barrier to unleashing your full potential.
The Perks
We won't lie, we're firm advocates of the phrase 'work hard, play hard' and that we do. Yes, there will definitely be times of hard work (so it's not for the faint-hearted), but we do reward such hard work for those who truly live and breathe the company values. So when the week's done, we clock off early every Friday and kick back with a cheeky beer or wine.
- A personal tiered salary structure - based on your own role, qualifications and experience.
- 21 days holiday as standard - plus additional Bank Holidays, Christmas close down and your birthday off each year (because no one should ever have to work on their birthday!).
- Personal Development budget - to cover all your training, learning and development costs so you won't be forking out for your own exam fees.
- Access to the company Pension Scheme - because we practise what we preach.
- Death in Service Cover - a bit morbid we know, but a nice bit of security nonetheless.
And if that's not enough???
- Access to our Health & Wellbeing programme - office yoga, step challenges and outdoor assault courses (Tough Mudder style) being amongst the most popular past-times.
- Constant flow of office snacks - because it's important to keep the energy levels up.
- Company nights out - and a fair few of them, we're a social bunch!
- Casual dress code - like we've said, no stuffy suits. We much prefer our Superhero capes.
- Staff bar 'The Tunstall Arms' with an early finish on a Friday - we're usually thirsty by the end of the week so the wine / beer fridge is always well stocked and chilled.
* Please head over to our website for further details on the scheme and apply through there.*
Benefits:
- Casual dress
- Company events
- Company pension
- On-site parking
- Wellness programmes