Financial Planner Salary (United States)

Financial Planners in the United States typically take home $61,456 annually. Compensation ranges from $35,204 on the low end to $115,132 per year on the high end. Including potential for bonuses, profit sharing and commission—peaking near $20K, $15,017, and $121K, respectively—total cash payment to Financial Planners can bottom out near $34,756 or peak near $99,038. The most important factor affecting compensation for this group is career duration, followed by the particular city and the specific company. 22 percent of professionals in this line of work do not receive benefits; however, most report medical coverage and more than half claim dental coverage as well. Most Financial Planners report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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  
PayScale
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  
PayScale
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 Planner Job Listings

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Popular Employer Salaries for Financial Planner

Ameriprise Financial, Inc. pays the most with a median salary of $68,578, though with a large amount of variation, going from a low of $39K to a high of $152K for base pay. The Ayco Company, Lp is infamous for dishing out the smallest paychecks in the area—the median in that office is $62,250—but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $31K while workers on the upper end may rake in $83K.

Popular Skills for Financial Planner

Financial Planners note just a narrow range of job 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 34 percent, 22 percent, and 14 percent, respectively. Skills that pay less than market rate include Financial Analysis. It is often found that people who know Financial Advisor are also skilled in Financial Analysis.

Pay by Experience Level for Financial Planner

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many but not all Financial Planners, a key factor in salary decisions is experience; more experience generally yields higher pay. After five to 10 years, starting salaries jump from $50,500 to $71K. Between 10 and 20 years, pay reaches $100K. After 20 years in the field, Financial Planners see their salaries growing more slowly, eventually averaging out to $100K. Experienced employees who have 10-20 years of experience make up 20 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10, and senior people with more than 20 years under their belt fill out the remaining less than 10. Age distribution in this workforce is concentrated between one and nine years of experience; more than half of respondents fall in this range.

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. Financial Planners will also find cushy salaries in San Francisco (+38 percent), Chicago (+22 percent), New York (+18 percent), and Phoenix (+18 percent). Those in the field find the lowest salaries in Richmond, 17 percent below the national average.

Related Job Salaries

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%
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