Most of the time, registered paraplanners work with financial planners or financial advisers at financial institutions. They are involved in preparing and administering financial plans and/or financial reports for their company’s clients.
To work as registered paraplanners, candidates must have a registered paraplanner certification issued by the College For Financial Planning (CFFP). In addition, registered paraplaners must have bachelor's degrees in business, finance, or other relevant fields. They must possess relevant work experience in the financial services industry. They must pass the FINRA Series 7 and FINRA Series 66. Some positions require that candidate have life, accident, and health insurance licenses issued by the state where their company operates.
Registered paraplanners must be able to work in a fast-paced environment. They must be able to pay attention to detail. They must be able to work in a team environment. They must have excellent interpersonal and presentation skills. They must have good oral and written communication skills. They must be committed to serve clients effectively. They must be knowledgeable in Microsoft Office and must learn their company's computer system and software. Registered paraplanners manage their company’s financial planning operations, including delivery assurance and tracking. They prepare documents, visual aids, and proposals for financial advisers or financial planners prior to meeting their clients.
Registered Paraplanner Tasks
Construct visual aides including charts, graphs, and tables to be used in meetings with clients.
Research financial databases and products that match clients' needs.
Support financial advisors in serving clients by preparing for meetings, investment research, making preliminary financial planning recommendations, and coordinate marketing events.