Financial Paraplanner

We are currently seeking an entry-level Financial Paraplanner to join our team You will conduct quantitative analyses of various investment and financial programs.

Financial Paraplanners are primarily responsible for assisting financial planners and associate financial planners in a wide range of tasks and services. Paraplanners work by using computer software and a printer to assemble meeting documents, produce financial reports, and update and maintain financial data in financial planning software. They also prepare documents such as investment management agreements, financial planning agreements, account applications, and account transfers.

Generally, financial paraplanners conduct client-specific research and other work assigned by financial planners or their associates. Paraplanners must maintain client files in database systems, conduct research to answer questions for clients and supervisors, and assemble documents such as agendas, performance reports, investment detail reports, financial planning scenarios, and insurance and beneficiary designation inventories for meetings with clients.

Financial paraplanners also help solve service problems with clients by working with custodians, trustees, mutual fund companies, brokers/dealers, and other third-party administrators. During the tax season, they provide support by doing cost-basis research for securities transactions, including delivering IRS Forms 1099 to clients, reporting management fees, and calculating required minimum distributions.

Aspiring financial paraplanners should have report-writing skills and the ability to conduct research and analyze statistics. They should also have time-management skills, in-depth understanding of federal and state compliance issues, and excellent information technology (IT) skills. Finally, financial paraplanners should have an undergraduate degree in a business-related field and prior experience in financial planning; they should attain the FINRA Series 7 and 66 within one year and seek to obtain other financial planning credentials, such as the CFP designation.

Responsibilities:

• Preparation of financial plans, Investment Allocation models, insurance proposals, and presentations for client meetings
• Compare existing solutions to those currently available in the marketplace
• Establish and maintain detailed client files
• Prepare client correspondence, including letters and mail correspondence
• Fulfill routine client services, resolve inquiries, and escalate cases when appropriate
• Assist in client meetings

Qualifications:

• Experience in accounting, finance, or other related fields
• Advanced spreadsheet skills
• Strong attention to detail
• Strong analysis and critical thinking skills

Hybrid Schedule Tuesday, Wednesday, and Thursday in office. Monday & Friday are remote.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Life insurance
• Paid time off
• Referral program
• Retirement plan

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Relocate:

• Chattanooga, TN 37421: Relocate before starting work (Required)

Work Location: Hybrid remote in Chattanooga, TN 37421