Commissions constitute a big slice (slightly less than a third on average) of overall compensation for Certified Financial Planners, and the median take-home for this group lies near $73K. Total cash compensation to Certified Financial Planners bottoms out near $43K and approaches $138K on the high end; the biggest paychecks include approximately $25K from bonuses and almost $20K from profit sharing. Earnings for this group are mostly affected by career length, followed by the specific employer and geographic location. Unfortunately, some people in this line of work are without benefits — slightly less than a third lack coverage. On the flip side, the greater part have medical insurance and just under one-half receive dental plans. Most Certified Financial Planners report high levels of job satisfaction. Most people who answered the questionnaire are men; 66 percent of Certified Financial Planners are male. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$41,650 - $121,279
$42K
$67K
$120K
MEDIAN: $66,549
10%
50%
90%

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$14.85 - $199.11
$15
$26
$200
MEDIAN: $25.56
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
$41,650 - $121,279  
   
Bonus
$1,000 - $24,993  
Profit Sharing
$999 - $19,950  
Commission
$1,007 - $144,028  
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).
)
$43,100 - $138,357  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 745
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
$14.85 - $199.11  
   
Overtime
$24.48 - $43.69  
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
$1,000 - $24,993  
   
Commission
$1,007 - $144,028  
Profit Sharing
$999 - $19,950  
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).
)
$43,100 - $138,357  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 51

Find Out Exactly What You Should Be Paid

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)


The biggest paychecks can be found at MassMutual Financial Group — the median salary there is $117K.

Popular Skills for Certified Financial Planner (CFP)


Certified Financial Planners report using a deep pool of skills on the job. 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 14 percent. Skills that pay less than market rate include Client Interaction and Microsoft Excel. Those educated in Financial Advisor tend to be well versed 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.


Certified Financial Planners with a rich background of experience are typically rewarded with larger paychecks. Average salaries for inexperienced employees average out to around $60K, but folks who have five to 10 years of experience earn a higher median of $79K. Certified Financial Planners bring in $99K after working for 10 to 20 years. Six-figure salaries aren't unusual for professionals who have achieved more than 20 years of experience; median compensation for this group sits in the range of $139K.

Pay Difference by Location

National Average: $73,096

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

Boston is home to an above-average pay rate for Certified Financial Planners, 54 percent higher than the national average. Certified Financial Planners can also look forward to large paychecks in cities like San Francisco (+29 percent), Chicago (+10 percent), San Diego (+7 percent), and Phoenix (+7 percent). Those in the field find the lowest salaries in Louisville, 16 percent below the national average. Not at the bottom but still paying below the median are employers in Indianapolis and Omaha (11 percent lower and 9 percent lower, respectively).

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
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.
036
Less than 1 year
5%
1-4 years
36%
5-9 years
26%
10-19 years
23%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Certified Financial Planner (CFP) Salaries




National Average
$73,000


Skills That Affect Certified Financial Planner (CFP) Salaries

Strategic Planning
up arrow 14%

up arrow 12%





Tax Preparation
up arrow 3%

Financial Analysis
0%

Tax Consulting
0%

National Average
$73,000


Client Interaction
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
26%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 47%
vision benefits
Vision: 37%
dental benefits
None: 28%
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