Paraplanner

Commonwealth Financial Network•Waltham, MA

3d•$70,000 - $100,000•Hybrid

About The Position

The Advanced Planning department provides educational and consultative financial planning strategies to Commonwealth's independent financial advisors. The department is looking for a paraplanner to join their ranks. As a paraplanner, you will work closely with financial advisors to create and assist in the delivery of financial plans. You will be primarily responsible for providing financial planning support through assisting with plan creation, analysis, and recommendation. Acute attention to detail and effective communication skills are a must.

Requirements

Familiarity with plan creation using financial planning software (experience with RightCapital, MoneyGuidePro or eMoney planning software a strong plus)
Excellent knowledge and communication of financial planning concepts and terminology
Basic knowledge of and ability to explain products, such as mutual funds, stocks, bonds, insurance, and annuities
Proficiency with computer programs, including Microsoft Office and CRM systems
Ability to proofread and quality check own work in accordance with firm/regulatory criteria
Excellent time-management skills, including the ability to prioritize workload and meet deadlines
Ability to identify and solve problems in a timely, efficient, and effective manner
Demonstrated experience in using available resources to answer questions and resolve problems
Ability to learn and efficiently use multiple technology platforms

Nice To Haves

Bachelor’s degree from an accredited university
CFP® (or willingness to work toward certification) desirable
Prior experience in financial services a plus

Responsibilities

Attending discovery, partnership development, and other virtual meetings as requested
Conducting data gathering calls and virtual meetings with advisors and/or clients to obtain information required to develop or update the financial plan
Assisting with developing, implementing, and updating financial plans using planning software provided by the firm
Working collaboratively with advisors to put finishing touches on the plans and assist in client delivery as needed
Using appropriate software and calculators to run calculations, projections, and side-by-side comparisons (e.g., mortgages, 529 plans, and social security)
Communicating with advanced planning consultants and other allied professionals, as needed.
Collaborating with third party software providers for troubleshooting on plans, if needed
Analyzing clients’ income, taxes, insurance policies, expenses, assets, and debt (at least annually), updating this information in CRM and planning software
Uploading clients’ estate planning documents, tax returns, insurance policies, investment account statements, household balance sheets, and all other relevant documentation to their household in Investor360°
Gathering insurance quotes as needed, working alongside Ash Brokerage
Reading trade journals, publications, the Commonwealth Business Review, and articles featuring the industry
Reviewing clients’ goals and risk profile with the advisor
Coaching advisors to quarterback the client relationship with clients, other professionals (e.g., an attorney or CPA), as well as helping advisors focus on the strategic big picture while walking them through planning issues
Reviewing clients’ planning objectives to help identify opportunities to meet their needs
Support advisors with proprietary software tools and troubleshooting planning software issues