Financial Planner Salary

Pay for Financial Planners in the United States sits in the ballpark of $60K per year. With some bonuses approaching $20K and certain profit sharing proceeds approaching $15K, overall incomes of Financial Planners spread between $39K and $120K depending on individual performance. Location is the main element affecting pay for this group — tenure and the specific company are driving factors as well. There are more male Financial Planners than female among those who completed the questionnaire, making up 63 percent. Job satisfaction is reported as high by the vast majority of workers. Health benefits are not enjoyed by everyone in this line of work, and just under a fourth lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by slightly more than half. This report is based on responses to the PayScale salary survey.
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$37,463 - $102,018
(Median)
$37K
$60K
$100K
MEDIAN: $60,252
10%
50%
90%

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$14.69 - $41.75
(Median)
$15
$20
$42
MEDIAN: $20
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
$37,463 - $102,018  
   
Bonus
$495.96 - $20,188  
Profit Sharing
$734 - $14,795  
Commission
$0.00 - $142,999  
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).
)
$39,013 - $120,071  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 838
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$25$50$75
Hourly Rate
$14.69 - $41.75  
   
Overtime
$21.04 - $43.70  
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$50K$100K$150K
Bonus
$495.96 - $20,188  
   
Commission
$0.00 - $142,999  
Profit Sharing
$734 - $14,795  
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).
)
$39,013 - $120,071  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 64
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Job Description for Financial Planner

A financial planner is an individual who works for a bank or investment company that advises individuals on how to make most of their money by suggesting; in some situations, the planner makes investments and financial decisions for customers. This position requires strong analytical skills and an outgoing personality, as a financial institution expects its financial planners to effectively help and retain clients over a long period of time. The financial planner may also set up investment seminars to help build new business and educate clients.

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Financial Planner Tasks

  • Follow-up with clients on plans, track successes, and inform about modifications.
  • Assist clients with estate management, tax returns, budgets, or other financial tasks.
  • Guide clients through financial self-analysis, including goal setting and advice to reach goals.

Financial Advisor Job Listings

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Popular Employer Salaries for Financial Planner


TIAA-CREF offers the largest salaries in town — $93K on average.

Ameriprise Financial, Inc. offers the least money; the median income there is just $60K. The pay range is also pretty narrow, as compensation generally sits between $41K and $153K.

Popular Skills for Financial Planner


Financial Planners generally report applying a varied skill set to their work. Most notably, facility with Tax Consulting, Investment Management, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 28 percent, 17 percent, and 7 percent, respectively. Skills that pay less than market rate include Microsoft Excel, Tax Preparation, and Financial Analysis. Most people skilled in Financial Advisor are similarly competent in Financial Analysis.

Pay by Experience Level for Financial Planner

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Financial Planners with a lot of experience tend to enjoy higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $54K, but folks who have racked up five to 10 years see a notably higher median of $73K. After working for 10 to 20 years, Financial Planners make a median salary of $96K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $99K.

Pay Difference by Location

National Average: $64,215

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

For Financial Planners, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Financial Planners will also find cushy salaries in Philadelphia (+43 percent), Seattle (+41 percent), Kansas City (+41 percent), and Phoenix (+10 percent). Location is a huge contributor to overall pay, with Financial Planners in Louisville earning a whopping 26 percent below the national average. Not at the bottom but still paying below the median are employers in Atlanta and New York (5 percent lower and 4 percent lower, respectively).

Related Job Salaries

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Experience Affects Financial Planner Salaries




National Average
$64,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 28%

Investment Management
up arrow 17%



Strategic Planning
up arrow 4%

National Average
$64,000


Tax Preparation
up arrow 11%

Microsoft Excel
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 125 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
8%
1-4 years
38%
5-9 years
27%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 55%
medical benefits
Vision: 42%
dental benefits
None: 22%
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