Financial Planner Salary

Financial Planners in the United States pull down an average of $60K per year. The final incomes of Financial Planners generally vary between $39K and $120K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $20K, $15K, and $143K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by experience level and the specific company. 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. Most people who answered the questionnaire are men; 63 percent of Financial Planners are male. 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 attracts talent by shelling out the biggest paychecks in the area — the median in that office is $93K.

Offering a median of only $60K, Ameriprise Financial, Inc. pays the least. Moreover, the compensation range seems pretty narrow; employees make $41K on the lower end and $153K on the higher end.

Popular Skills for Financial Planner


Financial Planners seem to require a number of specific skills. 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. At the other end of the pay range are skills like Microsoft Excel, Tax Preparation, and Financial Analysis. For most people, competency in Financial Advisor indicates knowledge of Financial Analysis.

Pay by Experience Level for Financial Planner

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


Experience seems to be a major factor in determining the incomes of Financial Planners. 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. On average, Financial Planners make $96K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $99K on average.

Pay Difference by Location

National Average: $64,215

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

For those looking to make money, Financial Planners in San Francisco enjoy an exceptional pay rate, 49 percent above the national average. Financial Planners will also find cushy salaries in Philadelphia (+43 percent), Seattle (+41 percent), Kansas City (+41 percent), and Phoenix (+10 percent). Financial Planners' salaries are heavily influenced by location — Financial Planners in Louisville bring in salaries that are 26 percent lower than the national average. Employers in Atlanta and New York also lean toward paying below-median salaries (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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