Financial Planning Assistant Salary

Those pursuing careers as Financial Planning Assistants in the United States may have to make do with less; average incomes for people in this area hover around only $40K per year. Total cash compensation to Financial Planning Assistants ranges from $30K on the lower end to $53K on the higher end; the final number includes potential for approximately $5K each from bonuses and profit sharing in exceptional cases. Health benefits are not enjoyed by everyone in this line of work, and more than a third lack any coverage at all. Medical benefits are reported by more than half and dental coverage is claimed by over a third. The majority of Financial Planning Assistants claim high levels of job satisfaction. Financial Planning Assistants survey participants are largely women, dominating at 67 percent.

$30,628 - $53,285
(Median)
$31K
$40K
$53K
MEDIAN: $40,296
10%
50%
90%

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$12.75 - $21.77
(Median)
$13
$17
$22
MEDIAN: $16.00
10%
50%
90%

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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$18K$36K$54K
Salary
$30,628 - $53,285  
   
Bonus
$0.00 - $5,222  
Profit Sharing
$1,061 - $5,362  
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).
)
$30,215 - $53,494  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 148
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$12$24$36
Hourly Rate
$12.75 - $21.77  
   
Overtime
$0.00 - $34.03  
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$24K$48K$72K
Bonus
$0.00 - $5,222  
   
Profit Sharing
$1,061 - $5,362  
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).
)
$30,215 - $53,494  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | 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.

Financial Planning Assistant Job Listings

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Popular Skills for Financial Planning Assistant


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Financial Analysis, Customer Relationship Management, Microsoft Excel, and Financial Applications are correlated to pay that is above average. The majority of those who know Customer Service also know Microsoft Excel and Customer Relationship Management (CRM).

Related Job Salaries

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Experience Affects Financial Planning Assistant Salaries

Experienced
up arrow 14%


National Average
$40,000


Skills That Affect Financial Planning Assistant Salaries


Customer Relationship Management (CRM)
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$40,000

Customer Service
up arrow 1%

Financial Applications
up arrow 1%

Client Interaction
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 49 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
8%
1-4 years
56%
5-9 years
18%
10-19 years
14%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 62% dental benefits Dental: 36%
vision benefits Vision: 21% employee benefits None: 36%
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