Certified Financial Planner (CFP) with Insurance Skills Salary

On average, commissions constitute a fair portion (just under a third) of final income for Certified Financial Planners with Insurance skills. That final number averages out to $86K across the industry. Cash earnings for Certified Financial Planners with Insurance skills — including $41K in bonuses and $50K in profit sharing proceeds near the top of the pay scale — generally stretch from $47K to $207K depending on individual performance. Although slightly more than a fifth lack health benefits of any kind, a fair number do enjoy medical insurance, and one-half get dental coverage, too. Most Certified Financial Planners with Insurance skills survey respondents are men (72 percent). For the most part, Certified Financial Planners with Insurance skills enjoy their work and report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$44,042 - $147,454
(Median)
$44K
$78K
$150K
MEDIAN: $77,975
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$90K$180K$270K
Salary
$44,042 - $147,454  
   
Bonus
$0.00 - $41,022  
Profit Sharing
$750 - $50,000  
Commission
$9,814 - $258,000  
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).
)
$46,739 - $206,729  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 122
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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 Insurance skills who reported more years of relevant experience also reported higher earnings. Average salaries for inexperienced employees average out to around $61K, but folks who have five to 10 years of experience earn a higher median of $78K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $104K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $123K.

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Experience Affects Certified Financial Planner (CFP) Salaries

Late-Career
up arrow 44%

Experienced
up arrow 21%

National Average
$86,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
24%
10-19 years
42%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 50%
medical benefits
Vision: 42%
dental benefits
None: 23%
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