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Paraplanner Salary

A Paraplanner earns an average salary of $40,121 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Financial Modeling is associated with high pay for this job.
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$29,335 - $52,423
(Median)
$29K
$40K
$52K
MEDIAN: $40,120
10%
50%
90%

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$12.13 - $24.33
(Median)
$12
$18
$24
MEDIAN: $17.00
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$19K$38K$57K
Salary
$29,335 - $52,423  
   
Bonus
$0.00 - $8,521  
Profit Sharing
$760 - $6,112  
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).
)
$29,951 - $56,861  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 286
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$13$26$39
Hourly Rate
$12.13 - $24.33  
   
Overtime
$0.00 - $36.24  
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$26K$52K$78K
Bonus
$0.00 - $8,521  
   
Commission
$0.00 - $5,087  
Profit Sharing
$760 - $6,112  
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).
)
$29,951 - $56,861  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 98

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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

Related Job Salaries

United States (change)

Experience Affects Paraplanner Salaries

Experienced
up arrow 20%


National Average
$41,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 12%

Investment Planning
up arrow 8%

Financial Reporting
up arrow 4%

Financial Analysis
up arrow 1%

Client Interaction
0%

National Average
$41,000

Microsoft Excel
up arrow 7%

Office Administration
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 89 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
8%
1-4 years
60%
5-9 years
20%
10-19 years
12%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 48% dental benefits Dental: 30%
vision benefits Vision: 18% employee benefits None: 51%