Financial Planning Assistant Salary

Median pay for Financial Planning Assistants in the United States is around $40K annually. Incomes of Financial Planning Assistants vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $5K cause paychecks to spread between $31K on the low end and $54K on the high end. Job satisfaction is high and work is enjoyable for most Financial Planning Assistants. Unfortunately, some people in this line of work are without benefits — over a third lack coverage. On the flip side, the greater part have medical insurance and more than a third receive dental plans. More than half of Financial Planning Assistants (66 percent) survey participants are women. This overview is based on answers to PayScale's salary questionnaire.

$31,157 - $53,726
(Median)
$31K
$40K
$54K
MEDIAN: $40,399
10%
50%
90%

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$12.58 - $22.35
(Median)
$13
$17
$22
MEDIAN: $17.00
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$19K$38K$57K
Salary
$31,157 - $53,726  
   
Bonus
$0.00 - $5,285  
Profit Sharing
$1,083 - $5,546  
Commission
$10,700  
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).
)
$30,787 - $54,467  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 174
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$12$24$36
Hourly Rate
$12.58 - $22.35  
   
Overtime
$0.00 - $35.71  
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$24K$48K$72K
Bonus
$0.00 - $5,285  
   
Commission
$10,700  
Profit Sharing
$1,083 - $5,546  
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).
)
$30,787 - $54,467  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 89
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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


Survey results suggest that Financial Planning Assistants put a wide range of professional skills to use. Most notably, skills in Financial Analysis, Financial Reporting, Customer Relationship Management, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Client Interaction. People who know Microsoft Excel usually also know Financial Analysis and Customer Relationship Management (CRM). Those educated in Customer Service tend to be well versed in Customer Relationship Management (CRM) and Financial Analysis.

Related Job Salaries

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Experience Affects Financial Planning Assistant Salaries



National Average
$40,000


Skills That Affect Financial Planning Assistant Salaries

Financial Analysis
up arrow 4%

Financial Reporting
up arrow 1%

National Average
$40,000

Customer Relationship Management (CRM)
up arrow 1%

Microsoft Excel
up arrow 1%

Financial Applications
up arrow 2%

Customer Service
up arrow 3%

Client Interaction
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 53 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
7%
1-4 years
58%
5-9 years
18%
10-19 years
13%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 60%
dental benefits
Dental: 36%
medical benefits
Vision: 22%
dental benefits
None: 38%
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