The average salary for a Paraplanner is $45,413.
Is Paraplanner your job title? Get a personalized salary report!
$35k - $61k
$498 - $8k
$587 - $6k
$486 - $16k
$34k - $65k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
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 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
The top respondents for the job title Paraplanner are from the companies Ameriprise Financial, Inc., The Lincoln Financial Group and The Northwestern Mutual Life Insurance Company. Reported salaries are highest at The Northwestern Mutual Life Insurance Company where the average pay is $51,250. The Lincoln Financial Group pays the lowest at around $35,000.
Explore the most common career paths for Paraplanner. Thickness and color of lines indicates how common a path is.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Paraplanner Job Listings
Popular Skills for Paraplanner
Skills in Financial Analysis and Document Preparation are correlated to pay that is above average. Skills that pay less than market rate include Financial Modeling, Investment Planning and Client Interaction.
Pay by Experience Level for Paraplanner
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 $39,643 based on 189 salaries. An early career Paraplanner with 1-4 years of experience earns an average total compensation of $43,597 based on 396 salaries. A mid-career Paraplanner with 5-9 years of experience earns an average total compensation of $50,420 based on 153 salaries. An experienced Paraplanner with 10-19 years of experience earns an average total compensation of $49,993 based on 93 salaries. In their late career (20 years and higher), employees earn an average total compensation of $52,739.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Paraplanner in their job title in New York, New York earn an average of 14.1% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (10.1% more) and Houston, Texas (9.1% more). The lowest salaries can be found in Minneapolis, Minnesota (8.3% less), Columbus, Ohio (5.2% less) and Denver, Colorado (3.9% less).
Years of Experience
This data is based on 853 survey responses.
Related Job Salaries
$28k - $55k
$32k - $67k
$45k - $80k
$28k - $52k
$62k - $100k
$48k - $111k
$36k - $83k
$39k - $70k
$12k - $43k
$41k - $102k