Paraplanner
SOC 13-2099.01 · ESCO 4312 · OSCA 531932
Role snapshot
Overview
Supports financial advisers by researching products, preparing statements of advice, modelling scenarios, and ensuring recommendations meet compliance standards. This role is crucial in the financial planning process, enabling advisers to deliver tailored and compliant financial solutions to clients.
Enables financial advisers to provide high-quality, compliant, and personalized financial advice, helping clients achieve their financial goals and secure their future.
On the job
- Conduct comprehensive research on financial products, investment strategies, and market trends.
- Draft detailed statements of advice (SOAs), financial plans, and client review documents.
- Model various financial scenarios (e.g., retirement, investment, insurance) to support adviser recommendations.
- Ensure all financial advice and documentation strictly adhere to regulatory compliance standards.
- Liaise with product providers, fund managers, and internal teams to gather necessary client information and product data.
Tools & technology
Average salary
Job outlook
GrowingJob growth is expected to be above average over the next five years.
Education & training
Certificate, diploma, or bachelor's degree in finance, business, economics, or a related field. Relevant industry certifications are highly valued.
Career pathways
WHERE YOU COULD GO
CURRENT ROLE
Paraplanner
Retail & Customer Service
ADJACENT MOVES
STARTING POINTS
Who thrives here
Interest profile
investigative · ICE
People who enjoy analytical tasks, structured processes, and contributing to strategic financial outcomes through detailed work tend to thrive in this role.
Personality characteristics
Conscientious
Demonstrates a strong commitment to accuracy, compliance, and thoroughness in all financial documentation and advice preparation.
Analytical
Enjoys dissecting complex financial information, market data, and regulatory guidelines to construct logical and compliant solutions.
Organised
Manages multiple client files, research tasks, and deadlines efficiently, maintaining a structured approach to work.
Inquisitive
Possesses a curiosity about new financial products, market trends, and evolving regulations, driving continuous learning.
Calm under pressure
Maintains composure and focus when dealing with tight deadlines, complex financial scenarios, or regulatory changes.
Cooperative
Works effectively with financial advisers, other team members, and external providers to achieve shared client outcomes.
Best for
- Individuals who thrive on detailed analysis, structured problem-solving, and ensuring accuracy in complex financial contexts.
- Those who enjoy becoming experts in financial products, investment strategies, and regulatory frameworks.
- People who prefer a behind-the-scenes role, providing critical support that directly contributes to positive client outcomes.
Watch out for
- The role is highly regulated and requires constant attention to detail and continuous learning of legislative updates.
- It is primarily a support function, meaning less direct client interaction and decision-making power compared to a financial adviser.
A week in the life
A representative working week for a Paraplanner — where the deep work, meetings, and admin actually land.
FREE ASSESSMENT
Does Paraplanner fit you?
Measure your personality and interests, then see how this career ranks against 1,300+ others — for you personally.
Take the free assessment →