Average Paraplanner Salary

$45,413
Avg. SalaryShow Hourly Rate
$2,462
Bonus
$7,750
Commission
$1,966
Profit Sharing
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The average salary for a Paraplanner is $45,413.
10%
$35k
10%
$45k
50%
$61k
90%
90%
MEDIAN $45,413
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United States (change)
Salary
$35k - $61k
Bonus
$498 - $8k
Profit Sharing
$587 - $6k
Commission
$486 - $16k
Total Pay
$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

Paraplanner Tasks
  • 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.
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.

Career Paths

Explore the most common career paths for Paraplanner. Thickness and color of lines indicates how common a path is.
Paraplanner
Financial Planner
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.
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.
Entry Level
22.2%
Early Career
46.4%
Mid Career
17.9%
Experienced
10.9%
Late Career
2.6%