Financial Paraplanner Salary

Financial Paraplanners in the United States can expect wages of $42K annually on average. Medical benefits are awarded to more than half, and just under one in three earn dental coverage. There are more male Financial Paraplanners than female among those who completed the questionnaire, making up 64 percent. The majority of Financial Paraplanners claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$31,562 - $54,442
$32K
$42K
$54K
MEDIAN: $41,944
10%
50%
90%

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$14.65 - $19.58
$16
MEDIAN: $16.50
50%

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$0$56K
Salary $31,562 - $54,442
Bonus $101.37 - $8,081
Profit Sharing $2,500
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).
)
$33,891 - $56,674
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 37
Hourly Data $0$26
Hourly Rate $16.50
Overtime $26.38
Annual Data $0$56K
Bonus $101.37 - $8,081
Profit Sharing $2,500
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).
)
$33,891 - $56,674
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 9

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United States (change)

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Job Description for Financial Paraplanner

Financial paraplanners are primarily responsible for assisting financial planners and associate financial planners in a wide range of tasks and services. Paraplanners work by using computer software and a printer to assemble meeting documents, produce financial reports, and update and maintain financial data in financial planning software. They also prepare documents such as investment management agreements, financial planning agreements, account applications, and account transfers.

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Financial Paraplanner Tasks

  • Support financial advisors in serving clients by preparing for meetings, investment research, making preliminary financial planning recommendations, and coordinate marketing events.
  • Research financial databases and products that match clients' needs.
  • Construct visual aides including charts, graphs, and tables to be used in meetings with clients.

Financial Paraplanner Job Listings

Pay by Experience Level for Financial Paraplanner

Pay by Experience for a Financial Paraplanner has a positive trend. An entry-level Financial Paraplanner with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 33 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Paraplanner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 15 salaries. An experienced Financial Paraplanner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 15 salaries. A Financial Paraplanner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 6 salaries.

Related Job Salaries

Key Stats for Financial Paraplanner

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.
Less than 1 year
15%
1-4 years
46%
5-9 years
22%
10-19 years
9%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Paraplanner Salaries

Late-Career
▲30%

Mid-Career
▲14%

Experienced
▲12%

National Average
$42,000

Entry-Level
▼1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
15%
1-4 years
46%
5-9 years
22%
10-19 years
9%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 30%
vision benefits
Vision: 15%
no benefits
None: 36%
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