What does a Financial Planner do?

Financial planners are also called wealth management advisors and are responsible for the analysis of a company or an individual to identify their financial risk, reward, or opportunities. They are experts in regulation and best practices and in the various financial products that are available to investors on the market.

Financial planners are responsible for the analysis of financial status, the development of budgets, and the preparation of analyst reports that pertain to their clients and duties. They perform evaluations of their clients’ financial documents, including their income, expenses, and their liabilities, and provide support and financial guidance. They inform clients about any relevant topics or investments including financial insurance or investment planning. They work with clients to create their financial plans and budgets, and they track their clients’ financial needs and circumstances. When called upon, they will also make the necessary and requested adjustments to a client's investments or plans according to changes in their finances or due to life circumstances. They also prepare financial and business analysis reports and research-based presentations. Financial planners have a bachelor’s degree and completed college coursework from a CFP Board-registered program, and they have completed a minimum of 6,000 hours of professional financial planning experience or 4,000 hours as an apprentice.

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Education--
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Financial Planner Salaries

Average Base Pay

$65,951 /yr
Same as national average
Not including cash compensation
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$46K
Median: $66K
$94K
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Glassdoor Estimated Salary

Financial Planner Career Path

Learn how to become a Financial Planner, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Financial Planner Insights

Read what Financial Planner professionals have to say about their job experiences and view top companies for this career.
Succession Wealth
Financial Paraplanner
Dec. 12, 2019

“People are great and good to work with”

Pure Financial AdvisorsPure Financial Advisors
Financial Planner
May 11, 2021

“We get enough training and mentoring to perform our tasks in the best possible manner.”

AGCOAGCO
Financial Planning Intern
Sep. 24, 2019

“somewhat repetitive; pay is not that great; 13 week internship”

Valenta BPO SolutionsValenta BPO Solutions
Financial Planning Administrator
Mar. 15, 2021

“I have the best team leader that always help guide me on doing my task.”

HDFC Standard Life InsuranceHDFC Standard Life Insurance
Financial Planning Manager
Apr. 9, 2021

“Gained experience and helped in personal growth.”

Emaar PropertiesEmaar Properties
Financial Planning and Analysis
Feb. 21, 2020

“Work life balance is not good you have to work many days”

Northwestern MutualNorthwestern Mutual
Financial Planner
Jul. 7, 2021

“Not great pay however can be good if you do well”

ManulifeManulife
Financial Planner
Aug. 8, 2019

“It gives a good career opportunity”

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Financial Planner Interviews

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