Financial Planner Salary

Financial Planners in the United States take home an average $60K per year. Final cash compensation to Financial Planners varies from around $38K to approximately $119K; choice pay grades include potential for bonuses and profit sharing as high as $21K and $15K, respectively. Career length is the main element affecting pay for this group — the company and geographic location are driving factors as well. While some workers in this profession — just under one in four — do not have any health coverage, a fair number do receive medical benefits and more than half have dental insurance. For the most part, Financial Planners enjoy their work and report high levels of job satisfaction. More than half of Financial Planners (64 percent) survey respondents are men. The data in this summary comes from the PayScale salary survey.
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$36,422 - $102,293

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$14.52 - $35.00

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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
$36,422 - $102,293  
   
Bonus
$500 - $20,636  
Profit Sharing
$740 - $14,777  
Commission
$0.00 - $97,343  
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).
)
$38,340 - $119,085  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 735
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
$14.52 - $35.00  
   
Overtime
$20.91 - $43.85  
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
$500 - $20,636  
   
Commission
$0.00 - $97,343  
Profit Sharing
$740 - $14,777  
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).
)
$38,340 - $119,085  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 59
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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


Financial Planners seeking a sizable paycheck can earn the most at TIAA-CREF, where the average salary comes to $93K.

The consistently lowest paying firm on the list is Ameriprise Financial, Inc., where the median salary is just $51K — just about half of the top paying company's median.

Popular Skills for Financial Planner


Financial Planners report using a wide range of professional skills. Most notably, facility with Tax Consulting, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 30 percent, 12 percent, and 11 percent, respectively. At the other end of the pay range are skills like Tax Preparation, Microsoft Excel, and Financial Analysis. Those familiar with Financial Advisor also tend to know Financial Analysis.

Pay by Experience Level for Financial Planner

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $73K. People with 10 to 20 years of experience make an average of about $96K in this role. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $97K.

Pay Difference by Location


For Financial Planners, working in the bustling city of Philadelphia has its advantages, including an above-average pay rate. Financial Planners will also find cushy salaries in San Francisco (+51 percent), Seattle (+31 percent), Charlotte (+18 percent), and Chicago (+15 percent). Trailing the national average by 10 percent, Minneapolis is the market with the smallest paychecks.

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Experience Affects Financial Planner Salaries




National Average
$63,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 30%



Investment Management
up arrow 11%

Strategic Planning
up arrow 9%

National Average
$63,000

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 5%

Tax Preparation
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 114 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
9%
1-4 years
37%
5-9 years
26%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 56%
vision benefits Vision: 44% employee benefits None: 22%
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