Earnings for Paraplanners in the United States come in at around $43K annually on average. Final cash compensation to Paraplanners varies from around $31K to approximately $59K; choice pay grades include potential for bonuses and profit sharing as high as $6K and $3K, respectively. Residence is the biggest factor affecting pay for this group, followed by career length. Men make up a slight majority of Paraplanners (52 percent) who responded to the survey. Health benefits are not claimed by all — approximately one-half lack any form of coverage — but a little less than half have medical insurance, and slightly less than a third have dental, too. For the most part, people in this position report moderate levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Read More
$30,501 - $58,754
(Median)
$31K
$43K
$59K
MEDIAN: $43,234
10%
50%
90%

Add this chart to your site: 640px    300px

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

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Paraplanner


Paraplanners generally report applying a varied skill set to their work. Most notably, skills in Financial Modeling, Customer Service, Financial Reporting, and Investment Planning are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Excel and Office Administration. Most people who know 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $41K, but folks who have racked up five to 10 years see a notably higher median of $49K. Paraplanners with one to two decades of relevant experience report an average salary of approximately $51K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $57K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

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%
ADVERTISEMENT