Asset & Wealth Management · related to Private Banking Analyst

Paraplanner / Financial Planning Analyst

BriefYour role

Also known as Financial planner · Financial adviser · Financial planning practitioner · Independent financial adviser

and 3 more

Personal financial adviser · Personal financial planner · Wealth adviser

L3 salary: Not published yetSalary figures open with the salaries section.
Upcoming dated changes: 5 changes aheadNext: 20 Nov 2026
Where the changes come from
Each change in the Regulatory calendar comes from an official text, linked on its page.
A change affects this role directly when it names a process that is one of the role's main tasks.
Top critical skills: Wealth planning, suitability and client onboarding
Conduct and investor protection rules (MiFID II, FINRA, SEBI)
Portfolio construction and allocation

What the role does

Paraplanner / Financial Planning Analyst is a role in Asset & Wealth Management. The family covers portfolio, fund and private client roles in investment management. The core skill is wealth planning, suitability and client onboarding, and the main work is conduct and investor protection, portfolio and investment management and wealth and investment advice.

This is a brief profile written from the catalogue. A full profile with a day in the life, level descriptions and the effect of AI is being written.

Levels

L1 Starting out 0-2 years
L2 Independent 2-5 years
L3 Senior or specialist 5-9 years
L4 Leads a team or an area 8-14 years
L5 Leads the function 12+ years

Full level descriptions and job titles

The EFO level names are the common scale; job titles differ between employers.

Levels of Paraplanner / Financial Planning Analyst
Level	What the work looks like	Typical years	Typical job titles
L1 Starting out	Learns the job; executes defined tasks with supervision	0-2	Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer
L2 Independent	Owns a process end to end; trains L1; first contact for the team's clients	2-5	Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer
L3 Senior or specialist	Deep expertise; handles exceptions and change; represents the function in projects	5-9	Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team)
L4 Leads a team or an area	Manages people or a large process; owns budgets or controls; escalation point	8-14	Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section
L5 Leads the function	Accountable for the function in a legal entity or region; sets priorities and standards	12+	Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director

Skills

The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.

Critical 5

The job cannot be done without these.

Wealth planning, suitability and client onboardingWeight 12.7%Anchor skillExpected level: practitionerRelevant to you
Conduct and investor protection rules (MiFID II, FINRA, SEBI)Weight 8.5%Expected level: practitionerRelevant to you
Portfolio construction and allocationWeight 8.5%Expected level: practitionerRelevant to you
Financial markets knowledgeWeight 8.5%Expected level: practitionerRelevant to you
Pension scheme administration and benefits calculationWeight 8.5%Expected level: practitionerRelevant to you

Important and supporting skills 18

Important 9

Needed in most positions.

Reading client needs and dynamicsWeight 4.3%Expected level: working knowledgeRelevant to you
Account management and renewalsWeight 4.3%Expected level: working knowledgeRelevant to you
Corporate taxationWeight 4.3%Expected level: working knowledgeRelevant to you
Client service mindsetWeight 4.3%Expected level: working knowledgeRelevant to you
Verbal communication and presentingWeight 4.3%Expected level: working knowledgeRelevant to you
Know your customer due diligenceWeight 4.3%Expected level: working knowledgeRelevant to you
Ethical judgment in grey areasWeight 4.3%Expected level: working knowledgeRelevant to you
Empathy and active listeningWeight 4.3%Expected level: working knowledgeRelevant to you
Financial statement analysis and ratiosWeight 4.3%Expected level: working knowledgeRelevant to you

Supporting 6

Help in many positions.

Real estate finance, leases and valuationWeight 2.1%Expected level: working knowledgeRelevant to you
Prospecting and qualificationWeight 2.1%Expected level: working knowledgeRelevant to you
Advanced Microsoft ExcelWeight 2.1%Expected level: working knowledgeRelevant to you
Professional written communicationWeight 2.1%Expected level: working knowledgeRelevant to you
Risk judgment and escalation instinctWeight 2.1%Expected level: working knowledgeRelevant to you
Performance measurement and attributionWeight 2.1%Expected level: working knowledgeRelevant to you

Useful 3

Occasionally useful.

Querying data with SQLWeight 0.7%Expected level: working knowledgeRelevant to you
Fund regulation and structures (UCITS, AIFMD, US 1940 Act)Weight 0.7%Expected level: working knowledgeRelevant to you
Organisation and prioritisationWeight 0.7%Expected level: working knowledgeRelevant to you

Processes

The work the role takes part in.

What each process covers

Conduct and investor protectionMainSuitability, product governance, disclosures and fair treatment of clients.
Portfolio and investment managementMainBuilding portfolios, measuring performance and investment risk.
Wealth and investment adviceMainAdvising clients and managing portfolios within suitability rules.
Client onboarding and KYCSupportingIdentifying and verifying clients before and during the relationship.
TaxSupportingCorporate, indirect and investor tax obligations.

Dated changes for this role

20 Nov 2026Second Consumer Credit Directive appliesRelevant to you
31 Jan 2027Retail Investment Strategy: final adoption expectedRelevant to you
28 Feb 2027UK cryptoasset regime: application window and start dateRelevant to you
16 Apr 2027AIFMD II and UCITS changes: reporting standards due 2027Relevant to you
8 Jun 2027UK Consumer Composite Investments rules replace PRIIPsRelevant to you

Worth knowing

Changes that touch a process this role takes part in as a secondary task.

24 Dec 2026EU Digital Identity Wallets: banks must accept them
31 May 2027UK Cryptoasset Reporting Framework: first reports due
1 Jul 2027ECB digital euro pilot with 36 payment providers
10 Jul 2027EU Anti-Money Laundering Regulation starts to apply
30 Sep 2027DAC8: first crypto-asset tax reports exchanged

See all 11 in the Regulatory calendar

Salary snapshot

Salary figures are not published yet

The L3 salary range for this role, with its sources, will appear here when the salaries section opens.

Certifications

CFA Program Level I CFA Institute
CFA Program Level II CFA Institute
CFA ESG Investing Certificate CFA Institute

Concepts to know

Suitability assessment

Neighbouring roles

Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.

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