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Financial Planner Salary (United States)

A typical Financial Planner in the United States can expect to take home roughly $58K annually. The final incomes of Financial Planners generally vary between $35K and $115K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $20K, $15K, and $121K, respectively. Career length is the biggest factor affecting pay for this group, followed by geography and the individual firm. Not all workers are lucky enough to have benefits; in fact, just over a fifth are without coverage. Medical insurance is claimed by most and dental insurance is reported by over one-half. Male Financial Planners are more prevalent than women — 63 percent of professionals in this field are men. Job satisfaction is high and work is enjoyable for most Financial Planners. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
Financial Planner Salary (?
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.
)
$34,756 - $99,038
(Median)
35K
43K
58K
76K
99K
MEDIAN: $58,225
10%
25%
50%
75%
90%
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Financial Planner Salary (?
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.
)
$14.06 - $31.24
(Median)
14
20
29
MEDIAN: $20
10%
50%
75%
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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$50K$100K$150K
Salary
$34,756 - $99,038  
   
Bonus
$0.70 - $20,436  
Profit Sharing
$819 - $15,017  
Commission
$0.00 - $120,805  
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).
)
$35,204 - $115,132  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 582
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$25$50$75
Hourly Rate
$14.06 - $31.24  
   
Overtime
$13.40 - $44.15  
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$50K$100K$150K
Bonus
$0.70 - $20,436  
   
Commission
$0.00 - $120,805  
Profit Sharing
$819 - $15,017  
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).
)
$35,204 - $115,132  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 56
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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

Employees of Ameriprise Financial, Inc. can expect to make the most, with the company offering a median salary of $69K; however, pay is widely dispersed from bottom to top, ranging from $39K to $152K. The Ayco Company, Lp reports the lowest median salary in the area (it's only $62K) but some workers make up to $83K, indicating a rather large gap in employee earnings. Employees at Ameriprise Financial, Inc. can also expect below-average earnings.

Popular Skills for Financial Planner

Financial Planners who responded to the survey indicated only a few skills that they use on the job. Most notably, facility with Tax Consulting, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 34 percent, 22 percent, and 14 percent, respectively. At the other end of the pay range are skills like Financial Analysis. Those educated in Financial Advisor tend to be well versed 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 generally obtain higher compensation for more plentiful past experience. Salaries of relatively inexperienced workers fall in the neighborhood of $50K, but folks who have racked up five to 10 years see a notably higher median of $71K. After working for 10 to 20 years, Financial Planners make a median salary of $92K. 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 $95K. A majority of the workforce has between one and nine years of experience. Experienced employees who have 10-20 years of experience make up one in five of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10 percent, and senior people with more than 20 years under their belt fill out the remaining fewer than one in ten.

Pay Difference By Location

Seattle
up arrow 47%
San Francisco
up arrow 38%
Chicago
up arrow 22%
up arrow 18%
Phoenix
up arrow 18%
Boston
up arrow 17%
Philadelphia
up arrow 12%
Cincinnati
up arrow 11%
Houston
up arrow 9%
up arrow 3%
Dallas
up arrow 2%
St. Louis
up arrow 2%
Denver
up arrow 1%
West Palm Beach
0%
National Average
$61,000
Richmond
up arrow 17%
Larger circles over a city indicate a job is popular in that location.
Financial Planners will find that Seattle offers an impressive pay rate, one which exceeds the national average by 47 percent. Other urban areas shelling out big bucks include San Francisco, Chicago, New York, and Phoenix, where Financial Planners typically earn around 38 percent, 22 percent, 18 percent, and 18 percent more than usual. With compensation 17 percent below the national average, Richmond is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Financial Planner Salaries

Late-Career
up arrow 55%
National Average
$61,000

Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 34%
National Average
$61,000
Financial Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 130 votes.

Gender

Female
37%
female alumni
 
Male
63%
male alumni

Years of Experience

Less than 1 year
9%
1-4 years
39%
5-9 years
25%
10-19 years
20%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 40% employee benefits None: 22%