The average salary for a Paraplanner is $43,234 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$30,501 - $58,754
(Median)
$31K
$43K
$59K
MEDIAN: $43,234
10%
50%
90%

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$13.13 - $24.84
(Median)
$13
$19
$25
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Salary
$30,501 - $58,754  
   
Bonus
$481.77 - $6,170  
Profit Sharing
$397.32 - $3,078  
Commission
$491.32  
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).
)
$31,085 - $59,430  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 252
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$13.13 - $24.84  
   
Overtime
$16.11 - $49.66  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$481.77 - $6,170  
   
Commission
$491.32  
Profit Sharing
$397.32 - $3,078  
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).
)
$31,085 - $59,430  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 79
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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.

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Popular Skills for Paraplanner

Pay by Experience Level for Paraplanner

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Paraplanner Salaries

Late-Career
up arrow 30%



National Average
$44,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 3%

Customer Service
up arrow 3%

Financial Reporting
up arrow 2%

Client Interaction
0%

Investment Planning
0%

National Average
$44,000

Financial Analysis
up arrow 1%

Office Administration
up arrow 12%

Microsoft Excel
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
10%
1-4 years
56%
5-9 years
18%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 29%
medical benefits
Vision: 22%
dental benefits
None: 51%
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