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What Do Financial Planners Do?
A financial planner is an individual who works for a bank or investment company that advises individuals on how to make most of their money by suggesting; in some situations, the planner makes investments and financial decisions for customers. This position requires strong analytical skills and an outgoing personality, as a financial institution expects its financial planners to effectively help and retain clients over a long period of time. The financial planner may also set up investment semin
Financial Planner Tasks
Guide clients through financial self-analysis, including goal setting and advice to reach goals.
Assist clients with estate management, tax returns, budgets, or other financial tasks.
Follow-up with clients on plans, track successes, and inform about modifications.
The top respondents for the job title Financial Planner are from the companies Commonwealth Bank of Australia, ANZ and National Australia Bank. Reported salaries are highest at National Australia Bank where the average pay is AU$100,000. ANZ pays the lowest at around AU$65,000.
Explore the most common career paths for Financial Planner. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Skills in Financial Advisor, Client Interaction and Investment Planning are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Insurance.
What is the Pay by Experience Level for Financial Planners?
An entry-level Financial Planner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$55,362 based on 30 salaries. An early career Financial Planner with 1-4 years of experience earns an average total compensation of AU$69,861 based on 213 salaries. A mid-career Financial Planner with 5-9 years of experience earns an average total compensation of AU$82,451 based on 138 salaries. An experienced Financial Planner with 10-19 years of experience earns an average total compensation of AU$92,286 based on 144 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$99,359.
Employees with Financial Planner in their job title in Adelaide, South Australia earn an average of 7.0% more than the national average. These job titles also find higher than average salaries in Sydney, New South Wales (7.0% more) and Perth, Western Australia (6.3% more). The lowest salaries can be found in Wollongong, New South Wales (11.0% less), Newcastle, New South Wales (10.9% less) and Melbourne, Victoria (0.8% less).