So, how much money does a financial planner make? Now that is a good question. Currently if he or she still has their shirt on their back they should consider themselves lucky, if they haven’t been lynched by an angry mob of people who they previously advised on pension investments then they are not only lucky they are probably out of state.
Certified Financial Planner (CFP) - Salary by Job | USA
Certified Financial Planner (CFP) - Salary by Experience | USA
Certified Financial Planner (CFP) - Salary by Type | USA
In normal times especially in what are called ‘bear market’ times financial planners make what in some circles is described as a pretty penny and in those times pennies are very attractive indeed.
Nowadays only good financial planners will be making money and if they have clients with cash to invest then they are going to be covered in pretty pennies as they roll in the clover.
Most financial planners will be probably debt counseling currently and you would think that this wouldn’t be profitable work, but you would be totally wrong.
Your debts are worth money to the counselors who help get you into debt and the bigger the better, there is a little trick called debt consolidation and there are still finance companies looking for consolidators as debtors are called and your financial planner bless them will sell your debts to them and get a fat fee for the deal, you in return get a reduced repayment rate.
So have I answered the question, no not quite yet, how much money does a financial planner make? It really is a hard one, if they are good – millions and if they are bad they might even be in jail, does that help?
No I thought not but let’s face it an industry that is based on money is a secretive one and only occasionally do you and I get to hear what the (until recently) paragons of virtue pay themselves – what did the head of Lehman Brothers earn over 20 years there – something like a quarter of a billion dollars, wow move over I want to be a financial planner now that 47 US banks have failed and I can’t be a banker.
Certified Financial Planner (CFP) - Salary by Experience | USA
Certified Financial Planner (CFP) - Salary by Type | USA
In normal times especially in what are called ‘bear market’ times financial planners make what in some circles is described as a pretty penny and in those times pennies are very attractive indeed.
Nowadays only good financial planners will be making money and if they have clients with cash to invest then they are going to be covered in pretty pennies as they roll in the clover.
Most financial planners will be probably debt counseling currently and you would think that this wouldn’t be profitable work, but you would be totally wrong.
Your debts are worth money to the counselors who help get you into debt and the bigger the better, there is a little trick called debt consolidation and there are still finance companies looking for consolidators as debtors are called and your financial planner bless them will sell your debts to them and get a fat fee for the deal, you in return get a reduced repayment rate.
So have I answered the question, no not quite yet, how much money does a financial planner make? It really is a hard one, if they are good – millions and if they are bad they might even be in jail, does that help?
No I thought not but let’s face it an industry that is based on money is a secretive one and only occasionally do you and I get to hear what the (until recently) paragons of virtue pay themselves – what did the head of Lehman Brothers earn over 20 years there – something like a quarter of a billion dollars, wow move over I want to be a financial planner now that 47 US banks have failed and I can’t be a banker.
