Paraplanner Salary (United States)

Around two in three of Paraplanners report fewer than five years in the field, making for a fairly junior workforce. The group as a whole takes home roughly $40,820 annually on average. The top of the range reaches $57,297 per year, and the bottom approaches $29,652. Location and years of experience each impact pay for this group, with the former having the largest influence. About half enjoy medical while around one third get dental coverage in this occupation. Vision coverage is also available to about one-fifth. For the most part, Paraplanners enjoy their work and report high levels of job satisfaction. This outline is based on answers to PayScale's salary survey.
Paraplanner Salary (?
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.
)
$29,170 - $51,565
(Median)
29K
34K
40K
46K
52K
MEDIAN: $39,812
10%
25%
50%
75%
90%
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Paraplanner Salary (?
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.
)
$12.07 - $25.53
(Median)
12
15
18
22
26
MEDIAN: $17.00
10%
25%
50%
75%
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$20K$40K$60K
Salary
$29,170 - $51,565  
   
Bonus
$0.00 - $8,459  
Profit Sharing
$876 - $6,163  
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).
)
$29,652 - $57,297  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 238
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
$12.07 - $25.53  
   
Overtime
$0.00 - $34.44  
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 - $8,459  
   
Profit Sharing
$876 - $6,163  
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).
)
$29,652 - $57,297  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 78
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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.

Paraplanner Job Listings

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Popular Skills for Paraplanner

Survey results imply that Paraplanners put a diverse skill set to use. Those who have experience with Investment Planning can expect to be compensated well for these skills, typically earning 9 percent more than the national average, respectively. Skills that seem to negatively impact pay include Microsoft Excel and Financial Reporting. The majority of those who know Financial Analysis also know Client Interaction.

Pay Difference By Location

St. Louis
up arrow 21%
Minneapolis
up arrow 13%
Houston
up arrow 9%
National Average
$41,000
Chicago
up arrow 7%
Sacramento
up arrow 11%
Larger circles over a city indicate a job is popular in that location.
For Paraplanners, working in the bustling city of St. Louis has its advantages, including an above-average pay rate. Paraplanners will also find cushy salaries in Minneapolis (+13 percent) and Houston (+9 percent). Trailing the national average by 11 percent, Sacramento is the market with the smallest paychecks.

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Experience Affects Paraplanner Salaries

Experienced
up arrow 21%
Mid-Career
up arrow 12%
National Average
$41,000

Skills That Affect Paraplanner Salaries

Investment Planning
up arrow 9%
Financial Analysis
up arrow 2%
Client Interaction
0%
National Average
$41,000
Financial Reporting
up arrow 3%
Microsoft Excel
up arrow 17%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 79 votes.

Gender

Female
60%
female alumni
 
Male
40%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
59%
5-9 years
21%
10-19 years
11%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 50% dental benefits Dental: 32%
vision benefits Vision: 20% employee benefits None: 49%