$66,609
Avg. Salary
$25.01
Avg. Hourly Rate

Average additional compensation:

$6,967

Bonus

$4,414

Profit Sharing

$20,000

Commission

What am I worth?
How should I pay?

The average pay for a Certified Financial Planner (CFP) is $25.01 per hour.

The average pay for a Certified Financial Planner (CFP) is $66,609 per year.

10%
$14.83
10%
$25.01
50%
$150.00
90%
90%
MEDIAN $25.01
10%
$45k
10%
$67k
50%
$118k
90%
90%
MEDIAN $66,609
$44,817 - $118,190
$45K
$67K
$120K
MEDIAN: $66,609
10%
50%
90%

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$14.83 - $150
$15
$25
$150
MEDIAN: $25.01
10%
50%
90%

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$0$132K
Salary $44,817 - $118,190
Bonus $1,022 - $25,041
Profit Sharing $1,204 - $19,671
Commission $4,810 - $103,042
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).
)
$46,430 - $132,725
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 1,209
Hourly Data $0$150
Hourly Rate $14.83 - $150
Overtime $23.18 - $46.54
Annual Data $0$132K
Bonus $1,022 - $25,041
Commission $4,810 - $103,042
Profit Sharing $1,204 - $19,671
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).
)
$46,430 - $132,725
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 64

Job Description

While many entities provide financial planning assistance to people who want a better handle on their financial situations and goals, a certified financial planner (CFP) can truly be considered a professional in the field. CFPs are only granted this title after passing a grueling certification process which ensures the individual's extensive knowledge of all aspects of the work; these include retirement planning and tax laws and regulations, as well as insurance and investment vehicles. Certified financial planners work with individuals, either under the auspices of a financial institution or in private practice, to help them manage money, income, and expenses.

Read More...
Certified Financial Planner (CFP) Tasks
  • Interview individuals or businesses to identify financial goals, concerns, and opportunities.
  • Create agendas, spreadsheets, and meeting materials to discuss investments, savings, and asset allocation.
  • Document and revise financial plans for clients.


MassMutual Financial Group offers the highest compensation with a median salary of $117K.

Common Career Paths


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Job Listings

Popular Skills


Certified Financial Planners report using a deep pool of skills on the job. Most notably, skills in Insurance, Strategic Planning, Financial Advisor, and Investment Management are correlated to pay that is above average, with boosts between 7 percent and 12 percent. Skills that pay less than market rate include Client Interaction, Tax Consulting, and Microsoft Excel. Most people experienced in Financial Advisor also know Investment Management and Financial Analysis.

Pay by Experience Level

Pay by Experience for a Certified Financial Planner (CFP) has a positive trend. An entry-level Certified Financial Planner (CFP) with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 407 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Certified Financial Planner (CFP) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $79,000 based on 268 salaries. An experienced Certified Financial Planner (CFP) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 210 salaries. A Certified Financial Planner (CFP) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $127,000 based on 73 salaries.

Pay Difference by Location

National Average: $73,848

Larger city markers indicate a job is popular in that location.

For those looking to make money, Certified Financial Planners in Boston enjoy an exceptional pay rate, 59 percent above the national average. Certified Financial Planners will also find cushy salaries in San Francisco (+31 percent), Dallas (+16 percent), Phoenix (+15 percent), and Cleveland (+6 percent). Louisville ranks last in the field for pay, reporting salaries 15 percent below the national average. Employers also pay below the national average in San Jose (14 percent lower) and Omaha (8 percent lower).

Job Reviews

Q: What is it like working as a Certified Financial Planner (CFP)?

Certified Financial Planner (CFP) in Springfield:
"Wonderful."
Pros: Great place to live and work. Family nearby.
Cons:

Certified Financial Planner (CFP) in Grand Rapids:
"Time to build a business."
Work hard.

Certified Financial Planner (CFP) in Reston:
"Working In Reston."
Pros: If you live and work in Reston it is wonderful. An easy to navigate area that gives you the avoidance of traffic most days.
Cons: No real complaints. All first world problems.

Certified Financial Planner (CFP) in Cary:
"You have to care to be successful. Caring takes extra work."
Really understand the industry and communicate with clients at all times in an ethical and timely way.

Certified Financial Planner (CFP) in Dallas:
"Great career."
Pros: Helping individuals grasp where they are financial and what can be done to improve their situation.
Cons: Hours worked.

Related Job Salaries

Gender

Female
35 %
Male
65 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 177 votes.
Less than 1 year
4%
1-4 years
37%
5-9 years
25%
10-19 years
23%
20 years or more
11%

How Experience Affects Salaries

▲72%

▲34%

▲7%

National Average
$74,000

▼19%

How Skills Affect Salaries

▲9%

Strategic Planning
▲8%




Tax Preparation
▲2%


National Average
$74,000

Financial Analysis
▼2%


Tax Consulting
▼8%

Client Interaction
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 177 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
25%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 48%
vision benefits
Vision: 39%
no benefits
None: 27%