On average, commissions constitute a fair portion (just under one in three) of final income for Certified Financial Planners. That final number averages out to $73K across the industry. Total cash earnings of Certified Financial Planners range from $42K on the low end to $145K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $25K and $20K, respectively. The most influential factor affecting pay for this group is experience level, though the particular city and the specific company have a (lesser) impact as well. Unfortunately, some people in this line of work are without benefits — nearly one in four lack coverage. On the flip side, a fair number have medical insurance and roughly one-half receive dental plans. Men account for the majority of Certified Financial Planners who responded to the questionnaire — 66 percent to be exact. The majority of Certified Financial Planners claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,150 - $121,886
(Median)
$41K
$66K
$120K
MEDIAN: $66,383
10%
50%
90%

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$14.54 - $200.89
(Median)
$15
$26
$200
MEDIAN: $25.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$41,150 - $121,886  
   
Bonus
$1,012 - $25,342  
Profit Sharing
$995 - $20,043  
Commission
$986 - $146,983  
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).
)
$42,308 - $144,657  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 719
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70$140$210
Hourly Rate
$14.54 - $200.89  
   
Overtime
$23.18 - $43.79  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$140K$280K$420K
Bonus
$1,012 - $25,342  
   
Commission
$986 - $146,983  
Profit Sharing
$995 - $20,043  
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).
)
$42,308 - $144,657  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 47
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Job Description for Certified Financial Planner (CFP)

While many entities provide financial planning assistance to people who want a better handle on their financial situations and goals, a certified financial planner (CFP) can truly be considered a professional in the field. CFPs are only granted this title after passing a grueling certification process which ensures the individual's extensive knowledge of all aspects of the work; these include retirement planning and tax laws and regulations, as well as insurance and investment vehicles. Certified financial planners work with individuals, either under the auspices of a financial institution or in private practice, to help them manage money, income, and expenses.

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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.

Certified Financial Planner (CFP) Job Listings

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Popular Employer Salaries for Certified Financial Planner (CFP)


Ameriprise Financial, Inc. does shell out the biggest paychecks — the median in that office is $77K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $51K while workers on the upper end may rake in up to $391K.

Popular Skills for Certified Financial Planner (CFP)


Certified Financial Planners seem to require a number of specific skills. Most notably, skills in Strategic Planning, Insurance, Financial Advisor, and Investment Management are correlated to pay that is above average, with boosts between 6 percent and 17 percent. Those listing Client Interaction as a skill should be prepared for drastically lower pay. Microsoft Excel and Financial Modeling also typically command lower compensation. Those proficient in Financial Advisor are, more often than not, also skilled in Investment Management and Financial Analysis.

Pay by Experience Level for Certified Financial Planner (CFP)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Certified Financial Planners, more experience generally translates to higher pay. The average inexperienced worker earns $60K, and someone who has worked for five to 10 years can expect a bigger median salary of $78K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $100K. Average wages for folks with more than 20 years of experience come out to around $149K.

Pay Difference by Location

National Average: $72,524

Larger city markers indicate a job is popular in that location.

For Certified Financial Planners, busy Boston offers a higher-than-average pay rate, 46 percent above the national average. Certified Financial Planners will also find cushy salaries in San Francisco (+33 percent), Charlotte (+17 percent), San Diego (+9 percent), and Phoenix (+8 percent). Falling short of the national average by 17 percent, the area with the worst salaries is Dallas. Employers also pay below the national average in Louisville (15 percent lower) and Houston (10 percent lower).

Certified Financial Planner (CFP) Reviews

What is it like working as a Certified Financial Planner (CFP)?

Certified Financial Planner (CFP) in Dallas:
"Great career."
Pros: Helping individuals grasp where they are financial and what can be done to improve their situation.
Cons: Hours worked.

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Experience Affects Certified Financial Planner (CFP) Salaries




National Average
$73,000


Skills That Affect Certified Financial Planner (CFP) Salaries

Strategic Planning
up arrow 17%

up arrow 13%


Investment Planning
up arrow 4%

Investment Management
up arrow 4%

National Average
$73,000

Financial Analysis
up arrow 1%

Financial Modeling
up arrow 9%


Client Interaction
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 84 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
27%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 48%
medical benefits
Vision: 37%
dental benefits
None: 27%
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