Financial Planning: Its a Lucrative Life

A survey by the Collage of Financial Planners found an average annual salary of just over $283,000 among respondents, up about $50,000 per year from 2005. Respondents with 30 plus years as a planner averaged almost $500,000 per year. Typical clients averaged just over $1 million in net worth and a salary in the low six figures. They were considered strongest in budgeting and goal-setting while needing the most help in estate planning and retirement expectations.

It is hard for me to believe that the average financial planner earns in excess of $1/4 million annually. Nevertheless, congratulations to the survey respondents.