Associate Financial Planner Salary
A big portion of take-home pay for Associate Financial Planners — just over two-fifths, in fact — arrives through commissions. This profession's median overall income is approximately $51K. In the world of Associate Financial Planners, overall cash allowance can occasionally include more than $7K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $38K and $71K. Residence is the biggest factor affecting pay for this group, followed by experience level. For the most part, Associate Financial Planners enjoy their work and report high levels of job satisfaction. Male Associate Financial Planners are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Although the larger part have medical coverage and just over two-fifths have dental coverage, over a third claim no health benefits at all. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Associate Financial Planner
- Assist financial planners and clients with the implementation of financial plans.
- Work with bank personnel to increase sales through referrals.
- Create and maintain client files.
- Schedule appointments and assist clients with paperwork.
Associate Financial Planner Job Listings
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Popular Skills for Associate Financial Planner
Survey results show that Associate Financial Planners use a fair number of skills. Most notably, facility with Financial Reporting, Financial Advisor, and Client Interaction are correlated to pay that is significantly above average, leading to increases of 28 percent, 16 percent, and 3 percent, respectively. Skills that pay less than market rate include Microsoft Office, Customer Relationship Management, and Financial Applications. It is often found that people who know Financial Analysis are also skilled in Financial Applications.
Pay Difference by Location
For Associate Financial Planners, New York provides a pay rate that is 34 percent greater than the national average. Associate Financial Planners can also look forward to large paychecks in cities like Anchorage (+19 percent), Pittsburgh (+7 percent), Chicago (+4 percent), and Atlanta (+4 percent). Those in the field find the lowest salaries in Houston, 12 percent below the national average. Employers pay around 9 percent less in Alexandria and 7 percent less in Knoxville, below-median salaries for those in this field.
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Key Stats for Associate Financial Planner
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