Paraplanner Salary (United States)

A relatively junior crowd, approximately two-thirds of Paraplanners have fewer than five years of experience under their belt and the average salary for the field is $40,820 annually. Compensation starts at $29,652 and can reach $57,297 per year. Total cash compensation to Paraplanners bottoms out near $29,170 and approaches $51,565 on the high end; the bigger paychecks include approximately $8,459 from bonuses and almost $6,163 from profit sharing. Location is the biggest factor affecting pay for this group, followed by career duration. Benefits are plentiful in this line of work; about half people have both medical and dental plans, and 20 percent have vision insurance. Most Paraplanners like their work and job satisfaction is high. The numbers for this synopsis were furnished by individuals who completed PayScale's salary questionnaire.
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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 78
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Location:
United States (change)
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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

Paraplanners report a focused set of job skills. Investment Planning is considered a valuable skill and can increase employee pay by 9 percent. Skills that seem to negatively impact pay include Microsoft Excel and Financial Reporting. It is often found that people who know Financial Analysis are also skilled in 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 those looking to make money, Paraplanners in St. Louis enjoy an exceptional pay rate, 21 percent above the national average. Paraplanners will also find cushy salaries in Minneapolis (+13 percent) and Houston (+9 percent). Falling short of the national average by 11 percent, the area with the worst salaries is Sacramento.

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

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%
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