Certified Financial Planner (CFP) Salary

Total annual pay for Certified Financial Planners is approximately $72K, and commissions account for a significant portion of this final number — around one in three on average. Total cash earnings of Certified Financial Planners range from $44K on the low end to $129K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $24K and $20K, respectively. This group's pay is mainly influenced by career length, followed by the specific employer and location. Just under one in three of professionals in this line of work do not receive benefits; however, more than half report medical coverage and a little less than half claim dental coverage as well. The majority of Certified Financial Planners claim high levels of job satisfaction. The majority of Certified Financial Planners (64 percent) who took the survey are men. The numbers in this rundown were provided by PayScale's salary survey participants.
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$41,889 - $118,602
$42K
$66K
$120K
MEDIAN: $65,832
10%
50%
90%

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$15.48 - $50.00
$15
$25
$50
MEDIAN: $24.87
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
$41,889 - $118,602  
   
Bonus
$992 - $24,155  
Profit Sharing
$997 - $19,815  
Commission
$986 - $102,556  
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).
)
$43,618 - $128,924  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 731
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$25$50$75
Hourly Rate
$15.48 - $50.00  
   
Overtime
$22.81 - $38.30  
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$50K$100K$150K
Bonus
$992 - $24,155  
   
Commission
$986 - $102,556  
Profit Sharing
$997 - $19,815  
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).
)
$43,618 - $128,924  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 44

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United States (change)

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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

  • Interview individuals or businesses to identify financial goals, concerns, and opportunities.
  • Create agendas, spreadsheets, and meeting materials to discuss investments, savings, and asset allocation.
  • Document and revise financial plans for clients.

Certified Financial Planner (CFP) Job Listings

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Popular Employer Salaries for Certified Financial Planner (CFP)


Certified Financial Planners seeking a sizable paycheck can earn the most at MassMutual Financial Group, where the average salary comes to $117K.

Popular Skills for Certified Financial Planner (CFP)


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Insurance, Strategic Planning, Financial Advisor, and Investment Management are correlated to pay that is above average, with boosts between 7 percent and 12 percent. At the other end of the pay range are skills like Client Interaction, Tax Consulting, and Microsoft Excel. Most people who know Financial Advisor also know Investment Management and Financial Analysis.

Pay by Experience Level for Certified Financial Planner (CFP)

Pay by Experience for a Certified Financial Planner (CFP) has a positive trend. An entry-level Certified Financial Planner (CFP) with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 407 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Certified Financial Planner (CFP) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $79,000 based on 268 salaries. An experienced Certified Financial Planner (CFP) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 210 salaries. A Certified Financial Planner (CFP) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $127,000 based on 73 salaries.

Pay Difference by Location

National Average: $72,025

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

For Certified Financial Planners, Boston provides a pay rate that is 60 percent greater than the national average. Certified Financial Planners can also look forward to large paychecks in cities like San Francisco (+31 percent), Dallas (+17 percent), Phoenix (+15 percent), and Cleveland (+6 percent). Those in the field find the lowest salaries in Louisville, 15 percent below the national average. A couple other locations with smaller-than-average paychecks include San Jose (14 percent lower) and Omaha (8 percent lower).

Certified Financial Planner (CFP) Reviews

Q: 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.

Related Job Salaries

Key Stats for Certified Financial Planner (CFP)

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.
Less than 1 year
5%
1-4 years
38%
5-9 years
25%
10-19 years
24%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Certified Financial Planner (CFP) Salaries

▲76%

▲37%

▲9%

National Average
$72,000

▼17%

Skills That Affect Certified Financial Planner (CFP) Salaries

▲12%

Strategic Planning
▲11%





Tax Preparation
▲4%

Financial Analysis
▲1%

National Average
$72,000


Tax Consulting
▼5%

Client Interaction
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
5%
1-4 years
38%
5-9 years
25%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 47%
vision benefits
Vision: 36%
no benefits
None: 28%
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