Financial Planners in the United States can expect to earn an average of $61K annually. Bonuses, profit sharing, and commission all factor into final incomes for Financial Planners. Ranging between $39K near the bottom and $128K near the top, total earnings can include up to $24K from bonuses and up to $14K from profit sharing, with a high-performing minority reaping commissions of $132K. This group's pay is mainly influenced by the company, followed by geography and experience level. The majority of workers are highly satisfied with their job. Unfortunately, some people in this line of work are without benefits — just under a third lack coverage. On the flip side, the larger part have medical insurance and over one-half receive dental plans. Men make up the majority of Financial Planners (67 percent) survey respondents. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$38,661 - $111,165
(Median)
$39K
$61K
$110K
MEDIAN: $60,684
10%
50%
90%

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$11.19 - $35.00
(Median)
$11
$18
$35
MEDIAN: $18.00
10%
50%
90%

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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
$38,661 - $111,165  
   
Bonus
$1,004 - $23,878  
Profit Sharing
$255.00 - $13,640  
Commission
$2,553 - $132,126  
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).
)
$39,374 - $128,475  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 597
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
$11.19 - $35.00  
   
Overtime
$0.75 - $42.50  
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
$1,004 - $23,878  
   
Commission
$2,553 - $132,126  
Profit Sharing
$255.00 - $13,640  
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).
)
$39,374 - $128,475  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 34
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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 Self-Employed, where the average salary comes to $152K.

Popular Skills for Financial Planner


Survey results show that Financial Planners use a fair number of skills. Most notably, facility with Tax Consulting, Insurance, and financial planning are correlated to pay that is significantly above average, leading to increases of 28 percent, 15 percent, and 14 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Tax Preparation, and Investment Management. 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.


Survey participants with less than five years' experience pocket $53K on average, but those with five to 10 years of experience enjoy a much bigger median of $74K. For Financial Planners, 10 to 20 years of experience on the job amounts to an average salary of $100K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location

National Average: $64,467

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Financial Planners, San Francisco offers exceptional salaries, 71 percent above the national average. Financial Planners can also look forward to large paychecks in cities like Kansas City (+55 percent), Philadelphia (+30 percent), Boston (+13 percent), and Phoenix (+9 percent). Place of residence plays a huge part in a Financial Planner's salary, with San Diego Financial Planners earning salaries that are 26 percent less than the national average. Two other places where employers salaries are below the median are Dallas and Atlanta (14 percent lower).

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Experience Affects Financial Planner Salaries




National Average
$64,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 28%

up arrow 15%

financial planning
up arrow 14%


Strategic Planning
up arrow 3%

Investment Planning
0%

National Average
$64,000



Tax Preparation
up arrow 11%

Microsoft Excel
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 70 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
12%
1-4 years
38%
5-9 years
25%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 52%
medical benefits
Vision: 44%
dental benefits
None: 29%
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