The average salary for a Paraplanner in Australia is AU$59,922.
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What Do Paraplanners Do?
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 deter…Read more
- 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.
Popular Employer Salaries for Paraplanner
Explore the most common career paths for Paraplanner. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Associate Financial Planner
Somewhat common (8 - 20%)
What Are Popular Skills for Paraplanners?
Skills in Document Preparation, Financial Modeling and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Client Interaction and Insurance.
What is the Pay by Experience Level for Paraplanners?
An entry-level Paraplanner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$51,640 based on 33 salaries. An early career Paraplanner with 1-4 years of experience earns an average total compensation of AU$58,336 based on 382 salaries. A mid-career Paraplanner with 5-9 years of experience earns an average total compensation of AU$67,593 based on 109 salaries. An experienced Paraplanner with 10-19 years of experience earns an average total compensation of AU$69,671 based on 74 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$67,057.
Pay Difference by Location
Employees with Paraplanner in their job title in Perth, Western Australia earn an average of 8.8% more than the national average. These job titles also find higher than average salaries in Sydney, New South Wales (8.1% more) and Brisbane, Queensland (3.9% more). The lowest salaries can be found in Gold Coast, Queensland (18.0% less), Newcastle, New South Wales (11.1% less) and Adelaide, South Australia (1.2% less).
Years of Experience
This data is based on 607 survey responses.