Financial Planner Salary (United States)

Pay for Financial Planners in the United States lies in the neighborhood of $61,456 per year. Compensation starts at $35,204 and can reach $115,132 per year. Bonuses, profit sharing, and commission all factor into final incomes for Financial Planners. Ranging between $35,204 near the bottom and $115,132 near the top, total earnings can include up to $20K from bonuses and up to $15,017 from profit sharing, with a high-performing minority reaping commissions of $121K. The most important factor affecting compensation for this group is career duration, followed by the particular city and the individual firm. Not all workers are lucky enough to have benefits; in fact, about one-fourth are without coverage. Medical insurance is claimed by most and dental insurance is reported by more than half. The majority of workers are highly satisfied with their job. The figures in this overview are derived from responses to the PayScale salary survey.
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 offers the lowest pay in the field, with a median salary of just $62,250.

Popular Skills for Financial Planner

Financial Planners only report a few specific 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 are correlated to lower pay, on the other hand, include Financial Analysis. Most people who know 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.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher salaries. Workers new to the field can expect to earn $50,500, increasing to $71K after five to 10 years. Between 10 and 20 years, pay reaches $100K. After two decades on the job, Financial Planners see salary growth dwindle, averaging $100K. Experienced employees who have 10-20 years of experience make up about one-fifth of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10 percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent. 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.
For Financial Planners, Seattle provides a pay rate that is 47 percent greater than the national average. Financial Planners will also find cushy salaries in San Francisco (+38 percent), Chicago (+22 percent), New York (+18 percent), and Phoenix (+18 percent). Trailing the national average by 17 percent, Richmond is the market with the smallest paychecks.

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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