Financial Planning Assistant Salary

Median pay for Financial Planning Assistants in the United States lies in the neighborhood of $41K per year. Total cash compensation to Financial Planning Assistants varies from $29K to $54K; higher pay grades include potential for bonuses and profit sharing as high as $6K each. The majority of Financial Planning Assistants claim high levels of job satisfaction. Men are in the minority of survey respondents, with female Financial Planning Assistants making up 72 percent. Unfortunately, some people in this line of work are without benefits — a little less than one-half lack coverage. On the flip side, slightly more than half have medical insurance and more than a third receive dental plans. This snapshot results from replies to PayScale's salary survey.

$30,192 - $51,527
$30K
$41K
$52K
MEDIAN: $41,291
10%
50%
90%

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$12.00 - $23.05
$12
$17
$23
MEDIAN: $17.11
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$19K$38K$57K
Salary
$30,192 - $51,527  
   
Bonus
$397.32 - $5,918  
Profit Sharing
$608 - $5,778  
Commission
$8,400  
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).
)
$29,064 - $54,047  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 92
© PayScale, Inc. @ www.payscale.com
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$13$26$39
Hourly Rate
$12.00 - $23.05  
   
Overtime
$36.42  
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$26K$52K$78K
Bonus
$397.32 - $5,918  
   
Commission
$8,400  
Profit Sharing
$608 - $5,778  
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).
)
$29,064 - $54,047  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 47
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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.

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Financial Planning Assistant Tasks

  • Execute and follow-up on investment transactions.
  • Establish and maintain client accounts, and process service requests.
  • Assist in developing financial plans and analysis for clients.
  • Assist in tax return preparation and client correspondence.

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Popular Skills for Financial Planning Assistant


Financial Planning Assistants generally report applying a varied skill set to their work. Most notably, skills in Financial Analysis, Financial Reporting, Customer Relationship Management, and Financial Applications are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Excel, Customer Service, and Client Interaction. The majority of those who know Customer Service also know Microsoft Excel and Financial Analysis. Those familiar with Customer Relationship Management also tend to know Financial Analysis.

Related Job Salaries

Key Stats for Financial Planning Assistant

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.
Less than 1 year
8%
1-4 years
58%
5-9 years
17%
10-19 years
15%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Planning Assistant Salaries

▲18%

▲3%

National Average
$41,000

▼5%

Skills That Affect Financial Planning Assistant Salaries


National Average
$41,000


Financial Reporting
▼1%

Financial Applications
▼2%


Client Interaction
▼4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
8%
1-4 years
58%
5-9 years
17%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 52%
dental benefits
Dental: 38%
vision benefits
Vision: 28%
dental benefits
None: 46%
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