Paraplanner
What the work is
Provides administrative and client services assistance, and performs financial planning and analysis for Financial Advisers and planners.
Would you enjoy the work?
These are the main tasks in the official description. Mark how each one sounds to you.
- Assists with financial advice strategy development and the preparation of legally compliant advice documents
- Uses financial planning software programs and maintains client records
- Researches, compares, sources quotes and selects appropriate financial products
- May develop financial projections and modelling of client circumstances
- May coordinate and take notes in client meetings, and respond to client queries
Try it
A simulation and a case study from this kind of work, set in the back office of a financial planning firm with six advisers. They are fictional.
The kind of days you could have
Good days
- A complicated plan comes together and the adviser says it is ready to send
- You catch an error in a figure before the client ever sees it
- A client rings to say the summary was the first one they could actually read
Hard days
- Three advisers want their documents first and all by Friday
- A client's instruction arrives in a way that does not feel quite right
- Checking a long table of numbers for the fourth time
Written by Career Calling as a general guide. Real roles vary by employer and place.
Work a mission
Step into a simulated workplace in this field, with a brief from your manager.
Description and tasks: Australian Bureau of Statistics, Occupation Standard Classification for Australia, 2024, Version 1.0 (opens another site), occupation 531932, used under a Creative Commons Attribution 4.0 licence. The skill guide above is our plain English summary.