Paraplanner Salary

The average salary for a Paraplanner is $43,868 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$31,416 - $60,590
$31K
$44K
$61K
MEDIAN: $44,109
10%
50%
90%

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$13.25 - $25.88
$13
$19
$26
MEDIAN: $19.43
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$21K$42K$63K
Salary
$31,416 - $60,590  
   
Bonus
$309.13 - $6,490  
Profit Sharing
$300.00 - $3,200  
Commission
$509  
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).
)
$32,391 - $61,589  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 282
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$11$22$33
Hourly Rate
$13.25 - $25.88  
   
Overtime
$1.53 - $32.30  
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$22K$44K$66K
Bonus
$309.13 - $6,490  
   
Commission
$509  
Profit Sharing
$300.00 - $3,200  
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).
)
$32,391 - $61,589  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 84

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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

  • Support financial advisors in serving clients by preparing for meetings, investment research, making preliminary financial planning recommendations, and coordinate marketing events.
  • Research financial databases and products that match clients' needs.
  • Construct visual aides including charts, graphs, and tables to be used in meetings with clients.

Financial Paraplanner Job Listings

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Popular Skills for Paraplanner

Pay by Experience Level for Paraplanner

Pay by Experience for a Paraplanner has a positive trend. An entry-level Paraplanner with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 254 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Paraplanner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $51,000 based on 74 salaries. An experienced Paraplanner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 52 salaries. A Paraplanner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $56,000 based on 6 salaries.

Pay Difference by Location

National Average: $44,546

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Paraplanner

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 61 votes.
Less than 1 year
9%
1-4 years
56%
5-9 years
19%
10-19 years
14%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Paraplanner Salaries

Late-Career
▲26%

▲15%

▲14%

National Average
$45,000

▼6%

Skills That Affect Paraplanner Salaries

Financial Modeling
▲2%

Customer Service
▲1%

Financial Reporting
▼0%

National Average
$45,000




Office Administration
▼14%

Microsoft Excel
▼15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 61 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
9%
1-4 years
56%
5-9 years
19%
10-19 years
14%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 45%
dental benefits
Dental: 30%
vision benefits
Vision: 23%
no benefits
None: 52%
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