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Paraplanner Salary

The average Paraplanner in the United States earns approximately $40K per year. Including potential for bonuses and profit sharing — peaking near $8K and $6K, respectively — total cash payment to Paraplanners can bottom out near $30K or peak near $56K depending on individual performance. Geographic location and career duration 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. Half enjoy medical while just under a third get dental coverage. Vision coverage is also available to just under one-fifth. Women Paraplanners who took the survey just slightly outnumber men. Respondents to the PayScale salary survey provided the data for this report.
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$29,463 - $52,143
(Median)
$29K
$40K
$52K
MEDIAN: $40,293
10%
50%
90%

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$12.14 - $24.29
(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
$29,463 - $52,143  
   
Bonus
$0.00 - $8,453  
Profit Sharing
$866 - $6,040  
Commission
$0.00 - $4,958  
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).
)
$30,102 - $56,487  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 301
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
$12.14 - $24.29  
   
Overtime
$0.00 - $36.00  
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 - $8,453  
   
Commission
$0.00 - $4,958  
Profit Sharing
$866 - $6,040  
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).
)
$30,102 - $56,487  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 99
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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


Paraplanners report using a wide range of professional skills. Most notably, skills in Financial Modeling, Financial Reporting, Investment Planning, and Financial Analysis are correlated to pay that is above average, with boosts between 8 percent and 11 percent. Skills that pay less than market rate include Microsoft Excel and Office Administration. The majority of those who know Financial Analysis also know Client Interaction.

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Experience Affects Paraplanner Salaries

Experienced
up arrow 20%


National Average
$41,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 11%

Financial Reporting
up arrow 9%


Financial Analysis
up arrow 1%

Client Interaction
0%

National Average
$41,000

Office Administration
up arrow 7%

Microsoft Excel
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 88 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
8%
1-4 years
61%
5-9 years
19%
10-19 years
12%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 48% dental benefits Dental: 30%
vision benefits Vision: 19% employee benefits None: 51%
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