The average Paraplanner in the United States earns approximately $44K annually. Total cash compensation for Paraplanners runs from $32K to $60K depending on bonuses that can occasionally exceed $6K and profit sharing that can reach almost $3K. Geography is the biggest factor affecting pay for this group, followed by years of experience. Although one-half lack health benefits of any kind, a little less than half do enjoy medical insurance, and just under one in three get dental coverage, too. Women Paraplanners who took the survey just slightly outnumber men. Women are just slightly outnumbered, with male Paraplanners making up 50 percent of survey respondents. Among folks in this role, job satisfaction levels approximately match the national average. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$31,235 - $59,962
$31K
$44K
$60K
MEDIAN: $43,878
10%
50%
90%

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$13.05 - $25.20
$13
$19
$25
MEDIAN: $19.05
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
$31,235 - $59,962  
   
Bonus
$206.08 - $6,138  
Profit Sharing
$402.68 - $3,179  
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).
)
$31,815 - $60,292  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 263
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
$13.05 - $25.20  
   
Overtime
$1.51 - $32.78  
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
$206.08 - $6,138  
   
Commission
$509  
Profit Sharing
$402.68 - $3,179  
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).
)
$31,815 - $60,292  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 76

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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.

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Popular Skills for Paraplanner


Paraplanners report using a wide range of professional skills. Most notably, skills in Financial Modeling, Customer Service, Financial Reporting, and Investment Planning are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Excel and Office Administration. Most people familiar with Financial Analysis also know Client Interaction.

Pay by Experience Level for Paraplanner

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


For Paraplanners, more experience in the field does not usually mean bigger paychecks. Relatively untried employees who have less than five years' experience make $42K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $50K. On average, Paraplanners make $51K following one to two decades on the job. After two decades in the workforce, the average Paraplanner generally earns more than ever; median pay for this group is estimated at $56K.

Related Job Salaries

Key Stats for Paraplanner

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.
055
Less than 1 year
10%
1-4 years
55%
5-9 years
18%
10-19 years
14%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Paraplanner Salaries

Late-Career
up arrow 26%



National Average
$44,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 2%

Customer Service
up arrow 2%

Financial Reporting
up arrow 1%

National Average
$44,000




Office Administration
up arrow 14%

Microsoft Excel
up arrow 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
10%
1-4 years
55%
5-9 years
18%
10-19 years
14%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 47%
dental benefits
Dental: 31%
vision benefits
Vision: 24%
dental benefits
None: 49%
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