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Financial Planner Salary

Pay for Financial Planners in the United States sits in the ballpark of $59K annually. Overall compensation packages to Financial Planners range from $37K on the low end to $116K on the high end; this includes bonuses that peak near $20K and profit sharing that approaches $15K, with some high rollers snagging commissions as high as $90K. While career duration and geography impact pay for this group, the specific employer is the most influential factor. The majority of workers are highly satisfied with their job. Not all workers are lucky enough to have benefits; in fact, just under one in four are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by the greater part. More than half of Financial Planners (62 percent) survey respondents are men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$35,913 - $99,921
(Median)
$36K
$59K
$100K
MEDIAN: $59,077
10%
50%
90%

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$14.56 - $35.23
(Median)
$15
$20
$35
MEDIAN: $20
10%
50%
90%

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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
$35,913 - $99,921  
   
Bonus
$491.14 - $20,450  
Profit Sharing
$727 - $14,813  
Commission
$0.00 - $90,000  
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).
)
$37,053 - $115,854  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 699
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
$14.56 - $35.23  
   
Overtime
$20.91 - $43.85  
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
$491.14 - $20,450  
   
Commission
$0.00 - $90,000  
Profit Sharing
$727 - $14,813  
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).
)
$37,053 - $115,854  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 62

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United States (change)


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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


Those at TIAA-CREF can expect to make the most, with the company offering a median salary of $101K.

With a reported median salary of only $51K, Ameriprise Financial, Inc. easily takes the cake for lowest-paying firm in town; earnings are about half the top paying employer's rate.

Popular Skills for Financial Planner


Survey results suggest that Financial Planners use a fairly large toolkit of professional skills. Most notably, facility with Tax Consulting, Investment Planning, and Investment Management are correlated to pay that is significantly above average, leading to increases of 32 percent, 13 percent, and 12 percent, respectively. Skills that seem to negatively impact pay include 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.


Salaries of relatively inexperienced workers fall in the neighborhood of $51K, but folks who have racked up five to 10 years see a notably higher median of $72K. After working for 10 to 20 years, Financial Planners make a median salary of $95K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $93K.

Pay Difference by Location


Financial Planners will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 53 percent. Financial Planners can also look forward to large paychecks in cities like Philadelphia (+37 percent), Seattle (+32 percent), Charlotte (+20 percent), and Chicago (+16 percent). Minneapolis is the lowest-paying area, 6 percent south of the national average.

Related Job Salaries

United States (change)

Experience Affects Financial Planner Salaries




National Average
$63,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 32%


Investment Management
up arrow 12%


Strategic Planning
up arrow 10%

National Average
$63,000

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 4%

Tax Preparation
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
9%
1-4 years
38%
5-9 years
26%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 56%
vision benefits Vision: 43% employee benefits None: 22%
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