Paraplanner Salary (United States)

A Paraplanner earns an average salary of $39,834 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Customer Relationship Management (CRM) is associated with high pay for this job.
Paraplanner Total Pay (?
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.
)
$29,305 - $51,600
(Median)
29K
34K
40K
46K
52K
MEDIAN: $39,833
10%
25%
50%
75%
90%
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Paraplanner Total Pay (?
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.
)
$12.05 - $25.63
(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
$29,305 - $51,600  
   
Bonus
$0.00 - $8,347  
Profit Sharing
$795 - $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).
)
$29,846 - $57,396  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 303
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
$12.05 - $25.63  
   
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 - $8,347  
   
Profit Sharing
$795 - $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).
)
$29,846 - $57,396  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 303
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Location:
United States (change)
Years in Field/Career:
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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location
Pay Difference By Location
St. Louis
up arrow 22%
Minneapolis
up arrow 13%
Houston
up arrow 9%
National Average
$41,000
Chicago
up arrow 6%
Sacramento
up arrow 11%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Paraplanner Salaries

Experienced
up arrow 20%
Mid-Career
up arrow 12%
National Average
$41,000
Entry-Level
up arrow 5%

Skills That Affect Paraplanner Salaries

Customer Relationship Management (CRM)
up arrow 20%
Investment Planning
up arrow 4%
Financial Analysis
up arrow 1%
Client Interaction
up arrow 1%
National Average
$41,000
Financial Reporting
up arrow 3%
Financial Applications
up arrow 10%
Microsoft Excel
up arrow 16%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 74 votes.
Gender
Female
60%
female alumni
 
Male
40%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
59%
5-9 years
22%
10-19 years
11%
20 years or more
1%
Common Health Benefits
medical benefits Medical: 51% dental benefits Dental: 33%
vision benefits Vision: 21% employee benefits None: 48%
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