The job of a financial advice administrator (or admin) is often recognised as a starting point for a career in financial advice. An admin deals with a number of administrative tasks and assists financial advisers, paraplanners and other established professionals in the finance industry.

Effective communication, organisation and timekeeping are crucial for an admin, as they’re in charge of ensuring that every task is carried out as instructed, all while maintaining contact with the relevant people.

General duties and responsibilities of an admin can include:

• Keeping close contact between clients and colleagues
• Retrieving new and historic information about individual clients
• Holding records of every verbal, written or electronic communication with colleagues, clients and third parties
• Working alongside financial advisers to obtain information as part of the process of creating financial reports
• Assessing objectives for individual clients to target the necessary solution
• Creating and presenting suitability letters to financial advisers, with a focus on the specific company policy and current regulations
• Supporting additional needs on behalf of financial advisers such as acquiring information on processes in business, tax and any other fields that could benefit the client
• Carrying out duties in accordance with the rules and regulations set out by the Financial Conduct Authority
• Keeping a close eye on changes and developments in the world of finance to benefit the needs of clients.