Paraplanner Salary

The average salary for a Paraplanner is $40,584 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$29,857 - $53,290
(Median)
$30K
$41K
$53K
MEDIAN: $40,583
10%
50%
90%

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$12.08 - $25.12
(Median)
$12
$18
$25
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
$29,857 - $53,290  
   
Bonus
$0.00 - $8,198  
Profit Sharing
$610 - $5,914  
Commission
$400.00  
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).
)
$30,422 - $56,748  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 372
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
$12.08 - $25.12  
   
Overtime
$0.00 - $34.44  
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 - $8,198  
   
Commission
$400.00  
Profit Sharing
$610 - $5,914  
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).
)
$30,422 - $56,748  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 121
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Job Description for Paraplanner

A paraplanner is the junior member of a financial planning team, usually working under the direction of a senior financial planner. The paraplanner performs several of the necessary tasks in developing a financial plan for a customer. First, they gather financial reports and records from the client. Next, the paraplanner reviews the client's financial records and starts creating and modeling different possible financial scenarios. In the process of creating these scenarios, the paraplanner determines how assets should be allocated and ultimately uses this information to make recommendations on which financial plan should be followed.

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Paraplanner Tasks

  • Construct visual aides including charts, graphs, and tables to be used in meetings with clients.
  • Research financial databases and products that match clients' needs.
  • Support financial advisors in serving clients by preparing for meetings, investment research, making preliminary financial planning recommendations, and coordinate marketing events.

Financial Paraplanner Job Listings

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Popular Skills for Paraplanner

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Experience Affects Paraplanner Salaries



National Average
$41,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 9%

Customer Service
up arrow 9%

Financial Reporting
up arrow 8%


Client Interaction
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$41,000

Office Administration
up arrow 8%

Microsoft Excel
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 101 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
8%
1-4 years
60%
5-9 years
18%
10-19 years
13%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 47%
dental benefits
Dental: 32%
medical benefits
Vision: 20%
dental benefits
None: 51%
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