According to the Bureau of Labor Statistics, the average salary for a certified financial planner was $64,300 in 2013. The majority of certified financial planners earn over $100,000 per year and work for large companies, firms and other organizations that can afford to compensate them better.
The average salary for a certified financial planner is $80,000. This can vary depending on the job, experience, and location.
Average salary for a certified financial planner
Finding a job is never easy, especially in the current economy. But if you’re looking to become a certified financial planner, then there are some salary numbers you should know ahead of time. According to the website PayScale, the median salary for a Certified Financial Planner is $67,886 per year with a range usually between $47,464-102,030 not including bonuses or profit sharing. The American Institute of CPAs shows that the median salary for a Certified Financial Planner is around $100,000 per year. Some of the best places to work include: UBS Financial Services – $63k-$186k+; Wells Fargo – $58k-$92k+; Merrill Lynch – $52k-$125k+ and TIAA – $51k-$118k+. So if you’re thinking about becoming a Certified Financial Planner then go for it! You’ll make good money and have interesting work to do every day.
According to PayScale the median salary for a Certified Financial Planner is $67,886 per year with a range usually between $47,464-102,030 not including bonuses or profit sharing.
According to PayScale, the median salary for a Certified Financial Planner is $67,886 per year with a range usually between $47,464-102,030. Compensation may not include bonuses or profit sharing. This can be misleading in two ways:
- There are many more people who make more than the median income for their profession (e.g., doctors and lawyers)
- The average does not reflect the highest and lowest paid workers in this profession
The American Institute of CPAs shows the median salary for a Certified Financial Planner is around $100,000 per year.
To get a more accurate picture of the average salary for a certified financial planner, you can use the American Institute of CPAs as a source. The AICPA is a nonprofit organization that helps establish guidelines for those working in accounting and finance fields. They’ve found that the median salary for a CFP is around $100,000 per year, but this number can vary depending on where you work. If you’re interested in becoming a CFP professional yourself, it’s important to consider what type of firm might be best suited to your skill set and interests—as well as how much money you make as an employee there!
Some of the best places to work include:
- Wells Fargo
- Merrill Lynch
- UBS Financial Services
- TIAA (Teachers Insurance and Annuity Association)
UBS Financial Services – $63k-$186k+
UBS Financial Services is a global wealth manager, providing financial solutions and advisory services to high net worth individuals.
The UBS Group is the world’s largest wealth manager in terms of assets under management.
UBS is one of the top employers in the world, with over 70,000 staff members spread across more than 50 countries. As part of this international network of employees, UBS Financial Services offers an excellent career opportunity for qualified professionals who have a passion for helping others and enjoy working in a collaborative environment.
Wells Fargo – $58k-$92k+
If you are looking to work in the financial industry and have a background in finance, Wells Fargo is a great company to consider. The bank has been ranked highly on Fortune Magazine’s list of 100 Best Companies To Work For.
According to PayScale salary data, staff at Wells Fargo earn an average base salary of $58k-$92k+ for their roles as certified financial planners (CFPs) or compliance officers.
Merrill Lynch – $52k-$125k+
Merrill Lynch is a global financial services firm that provides investment banking, brokerage and asset management services. Merrill Lynch is also a member of the S&P 500 index.
The Securities and Exchange Commission (SEC) requires all broker-dealers to submit Form X-17A-5 each year that shows their annual compensation for those who work in the securities industry. In this way, the SEC is able to collect information about what brokers are being paid by their firms.
Merrill Lynch’s average total compensation for 2016 was $185,000 per year—which included salaries between $52k-$125k+.
TIAA – $51k-$118k+
TIAA is a financial services company and one of the top employers in the industry. For example, TIAA ranks #21 on Fortune’s list of 100 Best Companies to Work For, with over 30,000 employees worldwide. The average salary for TIAA employees is $119,500 and ranges from $51k-$118k+. There are many different paths to becoming a CFP professional working at TIAA; here are some examples:
- Financial advisor: You can choose this path if you have previous experience as an investment advisor or wealth manager at another firm (or even as a CFP professional!). This path will allow you to leverage your existing knowledge base while learning more about retirement planning specifically under TIAA’s umbrella.
- Retirement specialist: If you want to work for an employer that offers generous benefits but not necessarily provide individual financial advice and trading services on behalf of clients, then joining their retirement specialist team could be ideal for your career goals! This includes helping individuals and companies create retirement plans based on 401(k)s or 403(b)s through employee benefit programs offered by large corporations such as Apple Inc., Google Inc., Facebook Inc., etc….
A CFP can expect to make around $100,000 a year
CFPs are in high demand. There are fewer than 10,000 CFPs in the U.S., and they’re getting paid well for their expertise.
An average salary for a CFP is around $100,000 per year, according to the Bureau of Labor Statistics (BLS). However, incomes vary widely depending on where you live and what type of clientele you serve. For example, those who work with wealthy clients can expect to make more than $200 an hour!
Conclusion
Considering the amount of time and money that it takes to become a CFP, this salary is quite good. If you are thinking about becoming a financial planner, keep in mind that each state has its own laws regarding who can offer financial planning services and whether or not they have to be licensed. It’s important to research your state’s requirements before starting this career path so you’ll know what steps you need to take get started!
