Financial Paraplanner Salary

Financial Paraplanners in the United States can expect wages of $41K annually on average. Approximately one-half report receiving medical coverage from their employers and nearly one-fifth collect dental insurance. The majority of workers are highly satisfied with their job. Men are in the minority of survey respondents, with female Financial Paraplanners making up 73 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$30,562 - $53,929

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$12.23 - $22.86

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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$20K$40K$60K
Salary
$30,562 - $53,929  
   
Bonus
$304.10 - $11,354  
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).
)
$30,667 - $58,345  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 64
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$10$20$30
Hourly Rate
$12.23 - $22.86  
   
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$20K$40K$60K
Bonus
$304.10 - $11,354  
   
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).
)
$30,667 - $58,345  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 30
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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 31 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
4%
1-4 years
43%
5-9 years
36%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 50% dental benefits Dental: 20%
vision benefits Vision: 5% employee benefits None: 50%
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