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Financial Planner Salary

Average Financial Planners in the United States make around $59K annually. Overall cash earnings for Financial Planners stretch from $36K on the lower end to $116K near the top, and the heftiest packages can encompass around $21K from bonuses and $15K from profit sharing. The most important factor affecting compensation for this group is the particular firm, followed by experience level and geographic location. For the most part, Financial Planners enjoy their work and report high levels of job satisfaction. While some workers in this profession — just over one in five — do not have any health coverage, a strong majority do receive medical benefits and just over a half have dental insurance. There are more male Financial Planners than female among those who completed the questionnaire, making up 63 percent. This report is based on answers to PayScale's salary questionnaire.
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$35,645 - $100,207
(Median)
$36K
$59K
$100K
MEDIAN: $58,821
10%
50%
90%

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$14.58 - $35.12
(Median)
$15
$20
$35
MEDIAN: $20
10%
50%
90%

Add this chart to your site: 640px    300px

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
$35,645 - $100,207  
   
Bonus
$482.34 - $20,526  
Profit Sharing
$520 - $14,848  
Commission
$0.00 - $90,604  
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).
)
$36,383 - $116,378  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 679
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
$14.58 - $35.12  
   
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
$482.34 - $20,526  
   
Commission
$0.00 - $90,604  
Profit Sharing
$520 - $14,848  
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).
)
$36,383 - $116,378  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 63

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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 $101K.

Ameriprise Financial, Inc. pays significantly less than other places with a median salary of $53K, about half the top paying employer's rate.

Popular Skills for Financial Planner


Survey results imply that Financial Planners put a diverse skill set to use. Most notably, facility with Tax Consulting, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 32 percent, 17 percent, and 13 percent, respectively. Skills that seem to negatively impact pay include Microsoft Excel. Most people experienced in Financial Advisor also know Financial Analysis.

Pay by Experience Level for Financial Planner

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


Those in the early stages of their career can expect to make around $51K; however, individuals with five to 10 years of experience bring in $72K on average — a distinctly larger sum. Financial Planners who work for 10 to 20 years in their occupation tend to earn about $95K. Financial Planners who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $94K.

Pay Difference by Location


With a pay rate for Financial Planners that is 48 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Financial Planners can also look forward to large paychecks in cities like Seattle (+33 percent), Phoenix (+16 percent), Boston (+14 percent), and Philadelphia (+13 percent). With compensation 12 percent below the national average, San Diego is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

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Experience Affects Financial Planner Salaries




National Average
$62,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 32%



Investment Management
up arrow 12%

Strategic Planning
up arrow 11%

National Average
$62,000

Financial Analysis
up arrow 2%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 122 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
8%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 42% employee benefits None: 22%