Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Would You Like a Financial Planner Salary?

Looking for a good job? The folks at have a "Jobs Rated 2013" list you can peruse. has a list, too, of the 100 "Best Jobs in America," featuring "big growth, great pay, and satisfying work." has its own list of the "50 Best Jobs in America." You might notice some careers that offer solid compensation popping up on all the lists -- for example, the average financial planner salary puts the profession in the upper rankings.

What's involved
Financial planners review their clients' finances and draft plans to help them reach their financial goals, such as having enough to retire on and/or putting some kids through college. This may include securing certain insurance, rejiggering investments, and creating and adding to retirement accounts.

It's easy for just about anyone to call themselves financial planners, but to inspire the most confidence in your clients and up your salary, too, you might want to become a certified financial planner, which entails passing a series of exams and keeping up with developments via continuing education. CFPs must also adhere to a set of standards, and they have a fiduciary duty to their clients: to put their interests first. (There may still be conflicts of interest, especially if they earn commissions by selling certain products to clients, so we at The Motley Fool have long recommended fee-only planners.)

If you go down this road, you might start out working for a large financial-services company and then later go into business for yourself, perhaps specializing in retirement planning or issues related to same-sex couples.

The financial planner salary
The financial planner salary will vary to some degree, of course, and different sources present different averages. But it's still well above the median per-capita income in America, which was recently below $30,000. Being a financial planner also offers nonfinancial rewards, such as knowing that you're helping your clients improve their financial standing and build stronger futures.

U.S. News & World Report lists the median salary for financial advisors at $67,250 but also notes that there might be substantial bonuses on top of that. At, the median financial planner salary is $54,350, but the range goes up to $91.000. The CNNMoney survey's financial planner salary is for CFPs, who have a median income of $92,800 and a top pay of $190,000. The folks at peg the top financial planner salary closer to $200,000 if the advisor is managing clients' portfolios.

If you're not likely to become one yourself, you might still want to tap the services of a financial planner -- it might improve your financial situation over the long run. Alternatively, you might just be your own financial planner.

The No. 1 Way to Lose Your Wealth Without Even Knowing It
You’ve fought hard to build wealth for you and your family. Yet one all-too-common pitfall could completely derail your dreams before you even know it. That's why a company The Economist hails as "an ethical oasis" has isolated five simple questions you must answer to ensure that your financial future is really secure.

Can you answer YES to all five of these eye-opening questions?
Click here to find out -- before it’s too late!

Read/Post Comments (1) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 15, 2014, at 3:15 PM, altha2008 wrote:

    If they are in their 50's have a million dollars in their retirement plan, they can show me.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2834337, ~/Articles/ArticleHandler.aspx, 8/28/2015 1:41:25 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Selena Maranjian

Selena Maranjian has been writing for the Fool since 1996 and covers basic investing and personal finance topics. She also prepares the Fool's syndicated newspaper column and has written or co-written a number of Fool books. For more financial and non-financial fare (as well as silly things), follow her on Twitter...

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,654.77 369.26 2.27%
S&P 500 1,987.66 47.15 2.43%
NASD 4,812.71 115.17 2.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes