Purpose
To act as a Financial Planner within the 7IM Private Client Team.
Responsibilities
Client work
Process
• Follow the established financial planning process.
Reporting
• Provision of financial planning reviews and related advice.
• Prepare and issue regular financial planning reports for clients in conjunction with colleagues in the investment team, where applicable.
Contact
• Prepare for and lead client meetings.
• Understand referral procedure & in-house specialists.
Financial Planning
• To provide comprehensive fee-based Financial Planning & Wealth Management Advice.
• Take responsibility for the provision of advice on all aspects of financial planning and the use of life, investment and pension products; reviewing existing plans; advising on pooled investment vehicles, the use of bonds, onshore and offshore; life and other protection plans; retirement income planning; pensions, inheritance tax planning, tax-led investments, cashflow modelling, etc.
• Supporting fee-based financial planning advice provided across a broad range of services including all forms of pensions, investment, savings, protection and tax planning vehicles.
• To confirm the suitability of life, pension and potentially investment plans already held by clients and to assist in developing future arrangements.
Support
• Work with others in the client team, particularly (internally) investment managers and (externally) solicitors, tax specialists and accountants, utilising available sources to ensure that report and other deadlines are met
Non-client work
Research & Strategy
• Participate in departmental and external provider meetings.
• Take lead responsibility for the research/analysis of the areas of advice allocated to you and with reference to the 7IM style
• Support a collegiate environment for the financial planning team’s discussions and development of the Private Client Team’s strategy.
Information Technology
• Maintain an understanding of the Company’s systems including: financial planning, investment management, practice management (Xplan and other internal systems), dictation, client inception, fund service, real-time pricing terminals.
• Understand and maintain, where necessary, proprietary systems.
Marketing
• Assist with the marketing and promotion of the Company’s financial planning and other businesses, both externally and within the Group.
Back Office
• Maintain a thorough understanding of back office procedures including client take-on procedure, client report production, financial planning process, valuations and advice procedures, all of which are to be provided via Xplan.
Other
• Undertake any projects or longer-term responsibilities that are assigned to you.
• Act in the best interest of clients ensuring the FCA’s requirements and Company policies in relation to Treating Customers Fairly, MiFID II and SMCR are adhered to.
The above list is not exhaustive and additional duties will be allocated as appropriate