Financial Planning Assistant Salary
Financial Planning Assistants in the United States can expect wages of $41K annually on average. In the world of Financial Planning Assistants, total cash compensation can vary between $28K and $55K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $7K and $6K, respectively. Female Financial Planning Assistants survey participants are more prevalent than men — 65 percent of professionals. Some workers in this field — just over two-fifths — are not awarded benefits. Medical coverage is reported by more than half and dental plans are enjoyed by over a third. Job satisfaction is high and work is enjoyable for most Financial Planning Assistants.
Job Description for Financial Planning Assistant
A financial planner assistant assists a financial planner with various duties such as administrative responsibilities and customers service. The assistant will be expected to get documents ready and organized before meetings with clients. Record keeping is another important aspect of the job. The financial planner may be required to distribute updates and other communication to clients via a combination of postal mail, email, and telephone. Internal memos may also be sent by the financial planner assistant. The assistant may be in charge of scheduling meetings and reminding the financial planner of upcoming events. The financial assistant may also be in charge of carrying out basic office duties such as answering the phone, greeting guests, and maintaining office supply levels. When customers have questions about any processes or bills, the assistant answers these questions or refers the customer to the correct party. The financial planner will also process documents relating to investing and insurance. Depending on experience, certification, and position, the financial planner assistant may also have more complex duties such as preparing documents for underwriting, analyzing financial data, helping with estate planning, planning cash flow, and allocating assets. Often this job is a stepping stone toward becoming a financial planner.Read More...
Some positions require a high school diploma, while others require a bachelor’s degree in business, economics, finance, or a related field. General computer skills including Microsoft Office are necessary, and knowledge of financial planning software is required in some positions.
Financial Planning Assistant Tasks
- Assist in developing financial plans and analysis for clients.
- Assist in tax return preparation and client correspondence.
- Execute and follow-up on investment transactions.
- Establish and maintain client accounts, and process service requests.
Financial Planning Assistant Job Listings
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Popular Skills for Financial Planning Assistant
Financial Planning Assistants seem to require a number of specific skills. Most notably, skills in Financial Analysis, Customer Relationship Management, Financial Applications, and Financial Reporting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Customer Service, and Client Interaction. Most people familiar with Customer Service also know Microsoft Excel and Financial Analysis. Most people who know Customer Relationship Management also know Financial Analysis.
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Key Stats for Financial Planning Assistant
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