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Paraplanner Salary

Paraplanners in the United States can expect to earn an average of $40K per year. Total cash compensation to Paraplanners bottoms out near $30K and approaches $58K on the high end; the biggest paychecks include approximately $9K from bonuses and almost $6K from profit sharing. Location and years of experience each impact pay for this group, with the former having the largest influence. For the most part, Paraplanners enjoy their work and report high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. Approximately half report receiving medical coverage from their employers and one-third collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
$29,234 - $53,055
(Median)
29K
34K
40K
46K
53K
MEDIAN: $40,004
10%
25%
50%
75%
90%

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$12.04 - $24.59
(Median)
12
15
18
21
25
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
$29,234 - $53,055  
   
Bonus
$0.00 - $8,521  
Profit Sharing
$878 - $6,145  
Commission
$0.00 - $5,087  
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).
)
$29,752 - $57,556  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 270
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
$12.04 - $24.59  
   
Overtime
$0.00 - $34.25  
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 - $8,521  
   
Commission
$0.00 - $5,087  
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).
)
$29,752 - $57,556  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 92
United States (change)

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


Paraplanners report using a wide range of professional skills. Most notably, skills in Financial Modeling, Investment Planning, Financial Reporting, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 14 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel. The majority of those who know Financial Analysis also know Client Interaction.

Related Job Salaries

Experience Affects Paraplanner Salaries

Experienced
up arrow 21%

Mid-Career
up arrow 12%

National Average
$41,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 14%

Investment Planning
up arrow 11%

Financial Reporting
up arrow 4%

Financial Analysis
up arrow 2%

National Average
$41,000

Client Interaction
up arrow 1%

Microsoft Excel
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
7%
1-4 years
60%
5-9 years
20%
10-19 years
11%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 50% dental benefits Dental: 32%
vision benefits Vision: 19% employee benefits None: 49%