A Paraplanner earns an average salary of $39,806 per year. Most people move on to other jobs if they have more than 10 years' experience in this field. A skill in Investment Planning is associated with high pay for this job.
Paraplanner Total Pay (?
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.
)
$29,379 - $50,821
(Median)
29K
34K
40K
46K
51K
MEDIAN: $39,805
10%
25%
50%
75%
90%
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Paraplanner Total Pay (?
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.
)
$12.03 - $26.95
(Median)
12
15
18
22
27
MEDIAN: $18.00
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
$29,379 - $50,821  
   
Bonus
$0.00 - $8,263  
Profit Sharing
$878 - $6,145  
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).
)
$29,576 - $57,032  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 285
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
$12.03 - $26.95  
   
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 - $8,263  
   
Profit Sharing
$878 - $6,145  
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).
)
$29,576 - $57,032  
PayScale
Country: United States | Currency: USD | Updated: 24 Apr 2014 | Individuals Reporting: 285
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Paraplanner Job Listings

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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.
Pay Difference By Location
St. Louis
up arrow 23%
Houston
up arrow 8%
Minneapolis
up arrow 5%
National Average
$41,000
Sacramento
up arrow 11%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Paraplanner Salaries

Experienced
up arrow 19%
Mid-Career
up arrow 11%
National Average
$41,000
Entry-Level
up arrow 4%

Skills That Affect Paraplanner Salaries

Investment Planning
up arrow 12%
Client Interaction
up arrow 3%
Financial Analysis
up arrow 1%
National Average
$41,000
Financial Reporting
up arrow 3%
Financial Applications
up arrow 10%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 69 votes.
Gender
Female
58%
female alumni
 
Male
42%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
59%
5-9 years
24%
10-19 years
10%
20 years or more
1%
Common Health Benefits
medical benefits Medical: 51% dental benefits Dental: 34%
vision benefits Vision: 23% employee benefits None: 47%
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