Financial Paraplanner Salary

The average Financial Paraplanner in the United States can expect to rake in roughly $41K per year. Most workers in this position report high levels of job satisfaction. Half report receiving medical coverage from their employers and approximately one in five collect dental insurance. Female Financial Paraplanners make up most of the survey respondents at 71 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$30,596 - $53,853
(Median)
$31K
$41K
$54K
MEDIAN: $40,816
10%
50%
90%

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$12.27 - $24.66
(Median)
$12
$19
$25
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$30,596 - $53,853  
   
Bonus
$306.39 - $11,332  
Profit Sharing
$1,300 - $9,450  
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).
)
$30,731 - $58,707  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 65
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$12.27 - $24.66  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$306.39 - $11,332  
   
Profit Sharing
$1,300 - $9,450  
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).
)
$30,731 - $58,707  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 31
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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

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

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Experience Affects Financial Paraplanner Salaries

Experienced
up arrow 20%

Mid-Career
up arrow 15%

National Average
$42,000

Entry-Level
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
35%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 50% dental benefits Dental: 21%
vision benefits Vision: 5% employee benefits None: 50%
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