The average pay for a Certified Financial Planner (CFP) is $59,851 per year. Experience strongly influences income for this job. The highest paying skills associated with this job are Investment Management, Investment Planning, and Insurance. People in this job generally don't have more than 20 years' experience.
Certified Financial Planner (CFP) Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$38,458 - $108,941
(Median)
38K
48K
60K
80K
110K
MEDIAN: $59,850
10%
25%
50%
75%
90%
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Certified Financial Planner (CFP) Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$14.23 - $181.06
(Median)
180
MEDIAN: $24.00
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$38,458 - $108,941  
   
Bonus
$498.44 - $24,693  
Profit Sharing
$1,030 - $24,308  
Commission
$213.31 - $155,470  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,829 - $134,713  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 1,030
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70$140$210
Hourly Rate
$14.23 - $181.06  
   
Overtime
$10.14 - $60.61  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Bonus
$498.44 - $24,693  
   
Commission
$213.31 - $155,470  
Profit Sharing
$1,030 - $24,308  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,829 - $134,713  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 1,030
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Job Description for Certified Financial Planner (CFP)
A Certified Financial Planner is expected to create and develop client relationships through telephone conversations, email, and person-to-person meetings. A financial planner's responsibility is to assess the financial needs and goals of each client, and to develop and implement a financial plan that fulfills those needs and goals. Responsibilities include plan development, selecting and selling of appropriate financial services, and monitoring and adapting plans as needs and financial conditions change. Cross-selling of financial services with other financial experts may be required. A designation of certified financial planner is required, as well as strong listening, communication, organizational, and interpersonal skills. Planners must be able to communicate effectively both in person and over the phone. Excellent knowledge of financial markets, products, and services is a must. Expect to attend workshops and seminars to stay on top of the most recent products and policies. The ability to multitask and work well in groups is also a necessity. It is also required that planners have the ability to understand and work with computer applications such as Microsoft Office and other financial programs. Financial planners should have a background in banking and understand law and accounting practices. Honesty and integrity are a must, as well as a motivated personality, and the ability to adapt your time to your clients' needs. Planners should expect some travel to both client locations and product knowledge seminars, as well as being able to work with other professionals in the industry that can help you satisfy your clients needs. A planner must have the ability to put the client needs above all else.
Certified Financial Planner (CFP) Tasks
  • Document and revise financial plans for clients.
  • Create agendas, spreadsheets, and meeting materials to discuss investments, savings, and asset allocation.
  • Interview individuals or businesses to identify financial goals, concerns, and opportunities.
Popular Skills for Certified Financial Planner (CFP)
Pay by Experience Level for Certified Financial Planner (CFP)
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
Boston
up arrow 36%
New York
up arrow 16%
Cincinnati
up arrow 15%
Denver
up arrow 13%
Dallas
up arrow 10%
San Antonio
up arrow 8%
Miami
up arrow 6%
National Average
$66,000
San Diego
up arrow 5%
Charlotte
up arrow 15%
Atlanta
up arrow 18%
up arrow 21%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Certified Financial Planner (CFP) Salaries

National Average
$66,000

Skills That Affect Certified Financial Planner (CFP) Salaries

up arrow 11%
National Average
$66,000
Financial Analysis
up arrow 2%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 238 votes.
Gender
Female
34%
female alumni
 
Male
66%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
33%
5-9 years
29%
10-19 years
25%
20 years or more
9%
Common Health Benefits
medical benefits Medical: 74% dental benefits Dental: 49%
vision benefits Vision: 34% employee benefits None: 26%
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