Finding the Top Financial Advisors in Chicago, Illinois for 2022-2023

Chicago is home to approximately 35 Fortune 500 companies, and it has five major financial exchanges. This makes it a prime place for many wealth management Chicago firms to set up shop and serve Chicago investors.

Whether you live on the South Side in Armour Square or over near Lincoln Park on the North Side, you most likely have certain monetary goals that you’re trying to reach. One of the keys to a healthy financial plan is to work with one of the top wealth management firms Chicago has to offer.

One of the trusted Chicago investment firms could help you take a look at your current financial situation and future dreams and craft a plan to help you protect and grow your wealth.

However, the search can be very time-consuming due to the sheer number of wealth managers in Chicago, IL available. How can you tell an excellent financial planner in Chicago from one that’s not so great?

You don’t want to spend all that time searching only to land on Chicago financial planners that will take your money, but not help you with the financial independence you were looking for.

AdvisoryHQ can help you save tons of research time and ensure you know which firms are the top financial advisors and wealth managers in Chicago, Illinois. We review multiple firms every two years to come up with our list of the best places to go for wealth management in Chicago.

This ranking of the 11 best financial advisors in Chicago focuses on those firms that excel in terms of their reputation, level of service, and client-first approach.

While we are more focused on fee-only firms that do not accept commissions for selling 3rd party products, there are occasionally fee-based firms with strong client commitments that also make our top wealth management firms Chicago list.

If you’ve been looking for “financial advisor near me” or “wealth management near me” wanting to know the top Chicago wealth management firms to work with for planning your financial future, these top 11 are a great place to begin your search.

Best Financial Advisors in Chicago, IL Award Emblem

Award Emblem: Best Financial Advisors in Chicago, Illinois

Top 11 Best Chicago Financial Advisors | Brief Comparison & Ranking

Best Chicago Financial Advisors & Wealth Management Firms2022-2023 Ratings
Chicago Capital5
Chicago Partners Wealth Advisors5
DEROSE Financial Planning Group5
Financial Solutions5
FourStar Wealth Advisors LLC5
Private Vista5
Savant Wealth Management5
The Mather Group5
The Planning Center5
Timothy Financial Counsel, Inc.5

Table: 11 Best Financial Advisors in Chicago | Above list is sorted by rating

See Also: Best Financial Advisors in Cincinnati, OH

What Criteria Should I Use to Select the Best Chicago Financial Advisors?

At first glance, each financial advisor in Chicago, IL, can look very similar. For example, they’ll offer standard financial planning and wealth management for Chicago investors.

But, if you know the criteria to use when reviewing financial planning Chicago firms, it will make it easier for you to narrow down your options to the ones that fit your situation, comfort level, and needs the best.

The following are a few factors to consider that will help you find the best wealth management firms in Chicago for your financial plan.

Typical Clientele

Some Chicago wealth management firms will work with investors with any level of investable assets. Other wealth management Chicago firms will only work with high-net-worth individuals, families, and organizations that meet a minimum investable assets level.

One of the first things to look for is to make sure you meet a firm’s typical clientele requirements.

Fee-Only or Fee-Based Structure: Which One to Choose?

Fee-only wealth management in Chicago means that the advisors of a firm do not accept commissions for selling financial products; their only compensation is through client fees.

Fee-based financial advisors in Chicago may accept outside commissions, which can create a conflict of interest. If you’re considering a fee-based firm, look for it to be a fiduciary. Fiduciaries are legally obligated to always act in the client’s best interests.

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2022-2023 Ranking of Top Financial Advisors in Chicago

The Depth of Services Offered

If you have generational wealth in your family, you may want to find a Chicago fiduciary advisor that offers family office services. If you’re an entrepreneur, a certified financial planner in Chicago, IL that also provides tax services may be ideal.

Not all Chicago asset management firms will offer the same depth of services. This is a differentiating factor that can help you decide on one financial consultant in Chicago over another.

Working Style

Not all Chicago investment firms have the same way of doing things. Some are more “by the book” and formal, while others like treating their clients like family and creating a warm, casual environment.

Reviewing the website of a wealth advisor in Chicago to see the type of language and imagery used can give you some insight into the firm personality and way of providing investment advice so that you can find your best fit.

2022-2023 AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services. 

Detailed Review – Best Financial Advisors in Chicago, IL

Below, please find a detailed review of each firm on our list of 2022-2023 top financial advisors and wealth managers in Chicago. We have highlighted some of the factors that allowed these Chicago financial advisory firms to score so high in our selection ranking.

Click on any of the names below to go directly to the review section for that firm.

Click below for previous years’ rankings:

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Chicago Capital Review

Chicago Capital (Chi-Cap) is a top Chicago investment advisor that offers unbiased advice squarely focused on its clients’ financial objectives. The founding principle of the firm is to put clients first.

As one of the top wealth management firms in Chicago, Chicago Capital offers a wide range of services, which include investment management, financial planning, tax planning, retirement solutions, and more.

The firm is a fee-only Chicago registered investment advisor (RIA) and is also a fiduciary with over $2 billion in assets under management.

Key Factors that Enabled Chicago Capital to Rank as a Top Financial Consultant in Chicago

Tax Planning

If you’re looking for a full-service Chicago wealth management firm that can go beyond just investment guidance, then you’ll appreciate the tax planning services offered by Chicago Capital.

These wealth management Chicago advisors coordinate with a broad range of tax, accounting, and legal professionals in order to offer clients the most helpful financial solutions for their needs.

Taxes are a big consideration for Chicago investors and can significantly impact how much of their money they’ll have working for them. This financial planner in Chicago can help ensure you’re not setting yourself up for more tax burden than you need to.

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Top Chicago Wealth Management Firms in 2022-2023

Customized Retirement Solutions

One of the things that make Chicago Capital one of the best wealth management firms in Chicago is its dedication to customizing each client’s financial strategy to their distinct needs.

This tailored strategy is also used for its retirement solutions, which help those looking for a top-notch Chicago fiduciary advisor better plan for a comfortable retirement that will help them achieve the safety net they need.

The advisors at Chicago Capital have experience with:

  • 401(k)
  • 403(b)
  • Profit-sharing
  • Defined benefit plans
  • All types of IRAs

Rating Summary

Chicago Capital makes it a priority to act as each client’s financial advocate. Its combination of comprehensive guidance and sophisticated technology help Chicago investors optimize their financial planning results.

Being founded on the principle of putting clients first makes the firm stand out among other Chicago wealth management firms. Clients can trust that each recommendation is being made in their own best interest.

With a fiduciary commitment and an integrated approach for the most cost-efficient financial planning, Chicago Capital is one of the best wealth management Chicago firms to consider partnering with in 2022-2023 and is awarded a 5-star rating.

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Chicago Partners Wealth Advisors Review

With a highly experienced team and comprehensive process, Chicago Partners Wealth Advisors is a leading Chicago wealth management firm that serves over 1,200 clients and has over 3.5 billion in assets under management.

Chicago Partners works with high-net-worth individuals with over $1,000,000 in investable assets, business owners, family offices, corporations, and foundations.

This top Chicago investment advisor is fee-only and also makes a fiduciary commitment to always act in its clients’ best interest. The firm works to keep its management fees low and is consistently ranked in the bottom 25% for management expenses.

Key Factors that Enabled Chicago Partners to Rank as One of the Top Asset Management Firms in Chicago  

Independent Financial Advice in Chicago, IL

Clients of Chicago Partners won’t have to wonder about conflicts of interest impacting the financial advice they’re given. This is independent financial planning Chicago firm that does not receive commissions for sales of financial products or any outside compensation from other firms.

The expert advisors at Chicago Partners operate as fiduciaries on behalf of their clients, making a legal commitment to put the client’s best interest at the forefront of everything they do. 

This independent structure, which is entirely client-focused, ensures that all the investment advice given by this financial consultant in Chicago is focused on choices that deliver the desired results to reach each client’s goals.

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Top Financial Advisors in Chicago

5-Step Wealth Optimization Process

As one of the best Chicago wealth management firms, Chicago Partners offers a 5-step Wealth Optimization Process that encompasses a complete wealth management approach and a personally customized plan.

These steps include:

  • Portfolio Audit: This process, called Portfolio X-Ray, reviews a portfolio’s expense ratios, diversification, and asset allocation to find strengths and weaknesses.
  • Investment Management: Your Chicago fiduciary advisor will build a custom diversified portfolio and monitor progress to ensure that financial goals will be met.
  • Tax Planning & Preparation: This ensures a portfolio strategy that is built upon tax efficiency.
  • Advanced Financial Planning: Extending your financial strategy past just investment, including optimization of estate plans, lines of credit, mortgage solutions, and more.
  • Private Banking & Reporting Services: During this step, the Chicago Partners team works with clients and their outside advisors to coordinate their overall financial plan.

Rating Summary

Chicago Partners Wealth Advisors offers a full-bodied financial strategy customized for those that are in the high-net-worth category. Its comprehensive process and coordination with other financial professionals ensure the best results for clients.

With a thoughtful and comprehensive process of wealth management and a wide range of services, Chicago Partners Wealth Advisors once more scores a 5-star rating as a top Chicago financial advisor to consider working with in 2022-2023.

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Cresset Review

Cresset Capital is a top fiduciary financial advisor in Chicago that was created with a determined vision and purpose to serve clients for over 100 years. Cresset is a client and employee-owned boutique Chicago investment advisor that caters to the unique needs of CEO founders, entrepreneurs, family business owners, executives, and high-net-worth families.

These independent financial advisors in Chicago adhere to True Fiduciary standards which means they’ll always work with your best interests in mind.

Key Factors that Enabled Cresset Capital to Rank as One of the Top Asset Management Firms Chicago

Boutique Family Office

With a goal of protecting the client’s most valuable asset which is time, Cresset Capital strives to reinvent the way its clients experience wealth.

This certified financial planner in Chicago, IL offers personalized service and objective advice for each client’s complex needs.

To help its clients to reduce friction and create cohesiveness across key foundational areas, Cresset family office offers the following services:

  • Goals-based Planning & Investing
  • Tax Strategy & Planning
  • Wealth Strategy & Liquidity Planning
  • Estate Planning & Philanthropy
  • Private Banking Services
  • Family Governance & Education

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Top Financial Planning Firms in Chicago, IL

Distinctive Learning Programs & Events

Among many amazing services offered by this investment advisor in Chicago, we found that Cressets Distinctive Learning Programs & Events are truly impressive.

Through the Cresset Network, these Chicago fiduciary advisors provide access to private events that often feature established and globally recognized innovators, thought leaders, scientists, authors, and entrepreneurs.

These distinctive learning programs & events are offered to everyone free of charge.

Rating Summary

As a top Chicago fiduciary advisor, Cresset Capital prides itself on being founded on transparency and driven by innovation. With an amazing array of services and expertise offered, this Chicago financial planning is a great choice for high-net-worth families that are looking to preserve and grow their wealth.

For all the above-mentioned reasons, we’ve awarded Cresset Capital a 5-star rating on our 2022-2023 ranking of top wealth management firms in Chicago.

DeRose Financial Planning Group Review

Founded in 1996, DeRose Financial Planning Group is a top financial planner in Chicago that provides holistic wealth management services for individuals, families, and businesses.

DeRose is a fee-based Chicago wealth management firm. To help counteract any potential conflict of interest that comes from accepting commissions, the firm is a fiduciary, upholding high standards of transparency and client commitment.

The goal of the staff at this top financial planning Chicago, IL firm is to take the burden of worrying about your financial future off your shoulders so you can enjoy your life.

Key Factors that Enabled DeRose Financial Group to Rank as a Top Chicago Financial Advisor  

A Holistic Approach to Investing

Rather than focusing on only one area of your investments or financial planning philosophy, this Chicago investment advisor takes a holistic approach. This approach takes approximately 9 to 13 weeks, and has six separate steps:

  • Begin Our Relationship: Collaborating with clients to discuss financial priorities, risks, investments, etc. to gather the information needed for a robust planning foundation
  • Data Input: Compiling all your details in their E-Worth Manager system to start the initial modeling and analysis for creating an investment plan
  • Design & Confirm: This top Chicago financial advisor’s team reviews your situation and designs a strategy in coordination with you
  • Present Your Plan: Your advisors meet with you to present you with your plan, brainstorm ideas and alternatives, and put together an action plan
  • Implementation: Once all potential financial solutions to meet your needs are discussed and agreed upon, your financial plan is put into action
  • Year-Round Service & Annual Review: Your portfolio is monitored, analyzed, and adjusted on an ongoing basis to meet any changing financial goals best

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2022-2023 Best Investment Firms Chicago

Wide Range of Chicago Financial Planning Services

DeRose offers a wide variety of services, including certain specialties that you may not find at other wealth management firms in Chicago, IL. From retirement planning to insurance and financial planning for women, many investors will find a great fit here.

Services provided by this top-rated Chicago financial planning firm include:

  • Retirement Planning: Keeping clients on track with retirement goals
  • Education Planning: 529 plans, prepaid tuition plans, custodial accounts, and financial aid planning
  • Wealth Protection: Options like life insurance, disability insurance, and long-term care to mitigate risk
  • Estate Planning: Wills, trusts, family-gifting strategies, charitable planning, and more
  • Children & Money: Instilling knowledge and good financial habits in children
  • Women & Planning: Empowering women to take charge and chart a successful financial future

Rating Summary

DeRose Financial Planning takes a comprehensive approach to financial planning to ensure clients have a plan that incorporates all aspects of their financial lives.

With over 27 years of experience, this Chicago wealth management firm has an expert team that understands multiple facets of finances when it comes to both individuals and businesses.

With a strong fiduciary commitment to clients and an in-depth process that’s designed to create tailored financial strategies, DeRose Financial Planning group once again earns a 5-star rating as one of the best financial planning firms in Chicago to consider partnering with in 2022-2023.

Financial Solutions Advisory Group Review

With a focus on balancing risk and opportunity, Financial Solutions Advisory Group is a top Chicago financial planner that is completely independent, allowing its advisors to always keep their clients’ best interests at the heart of everything they do.

This financial consultant in Chicago uses time-tested principles, a long-term perspective, and tax minimization to provide its clients with strategies to protect and grow their money.

FSAG is a fee-only Chicago investment firm that upholds a fiduciary commitment to its clients. The firm’s typical clients are affluent individuals and families with $500,000 or more in investable assets.

Key Factors that Enabled Financial Solutions Advisory Group to Rank as One of the Best Money Management Chicago, IL Firms

Client-Centric Philosophy

This financial planning Chicago, IL firm structures its approach to center around a client’s evolving financial needs. Financial Solutions advisors focus on building long-term relationships so they can support their clients’ financial dreams.

This client-centric philosophy includes:

  • Balancing Risk & Opportunity: It’s important to use a disciplined platform for wealth management and financial planning to overcome emotional decision-making and mitigate excessive risk.
  • Minimizing Taxes: Advisors at this financial planner in Chicago work to mitigate unnecessary tax burdens, which helps clients grow their wealth faster.
  • Exercising Independence: The firm’s advisors are independent of conflicts of interest. These Chicago wealth managers don’t earn commissions from 3rd parties, giving them the independence to choose products that fully benefit each client.
  • Personal Relationships: Establishing a long-term relationship with clients is key, meaning that Financial Solutions employs one-on-one service, ongoing communication, and continuous, in-person meetings

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Top-Rated Financial Planners in Chicago, IL

Low Client-to-Advisor Ratio

If you’re looking for a more attentive relationship with a certified financial planner in Chicago, IL, then you’ll appreciate that Financial Solutions Advisory Group has a low client-to-advisor ratio.

By maintaining a manageable number of clients assigned to each advisor, these top Chicago financial advisors ensure their clients receive customized concierge-like service and attention throughout the investment process.

This personal attention also ensures that your portfolio will be managed and monitored regularly and with a high degree of customization to make sure that your financial needs are being met.

This low client-to-advisor ratio allows this Chicago wealth management firm to offer consistent, in-person meetings to keep up with any changes in your life that would impact your portfolio allocations and make necessary changes to stay on track.

Rating Summary

Financial Solutions Advisory Group offers clients a great option if they are frustrated with not getting enough attention from another Chicago financial advisor. Its commitment to keeping client-to-advisor ratios low shows that this firm’s principals put client needs first.

For both financial planning and wealth management services, this is one of the Chicago wealth management firms that take a strategic and client-centric approach. You won’t find “cookie-cutter” solutions here.

With a goal to both build wealth and invest in relationships, Financial Solutions Advisory Group solidifies its 5-star rating on our 2022-2023 ranking of the best wealth management firms in Chicago.

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FourStar Wealth Advisors LLC Review

Helping clients create a strong foundation to achieve financial success, FourStar Wealth Advisors is an independent RIA firm and a top option for asset management in Chicago. FourStar Wealth Advisors is directly focused on enabling its clients to achieve their financial dreams.

The firm is a fee-based wealth management firm in Chicago. As a fiduciary, FourStar commits to serving its clients free of any conflicts of interest and always puts its clients’ best interests first.

This Chicago financial advisor offers a full range of financial services, including asset protection planning, financial and investment planning, retirement planning, and wealth planning.

Key Factors that Enabled FourStar Wealth Advisors to Rank as One of the Top Investment Management Firms in Chicago

“Build-Live-Share” Philosophy

The core philosophy of FourStar Wealth Advisors centers around the key financial phases of life noted as “Build-Live-Share.”

By reviewing a person’s financial picture at each stage of life, the advisors at this top wealth management firm in Chicago help clients craft a portfolio and financial plan that evolves as their lifestyle changes.

Each area covers the following basics:

  • Build: This period is when people are building their lives, and it can be a period as long as 40 to 55 years. These Chicago financial advisors help clients during their “build” phase with strategic saving and investing choices to build a strong financial foundation.
  • Live: After the build phase, this top wealth manager in Chicago believes that it is time for you to “live.” This is the retirement phase when you will be living off your earnings while creating very little or no new income.
  • Share: The “share” phase can happen in conjunction with the other two, and it denotes philanthropic endeavors or just a desire to share the wealth with friends and family. FourStar helps clients with plans that accomplish their giving goals.

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2022-2023 Top Investment Management Firms in Chicago

Educational Resources

FourStar Wealth Advisors offers several unique client educational resources on its site, including a financial podcast to help keep clients informed on a variety of financial topics.

This illustrates that this top-rated wealth advisor in Chicago places a strong emphasis on empowering clients to improve their financial literacy and provides the tools to help do that.

Located on the firm’s website are the following resources:

  • Articles
  • Free Portfolio Risk Analysis tool
  • News
  • FSWA Podcast

Rating Summary

FourStar Wealth Advisors offers a wide range of comprehensive financial planning services in Chicago and places a high priority on helping its clients reach their financial goals throughout all phases of life.

Those planning for retirement will appreciate that these financial advisors in Chicago cover multiple facets of retirement guidance, including Social Security, healthcare, and lifestyle review.

With a team of experienced advisors and an emphasis on investor education, FourStar Wealth Advisors scores a 5-star rating and is a top financial advisor in Chicago to consider partnering with in 2022-2023.

Private Vista Review

Created in 2016 from the merger of three top financial services firms with over 30 years of experience, Private Vista fosters a distinctive client-centered culture that includes tenets like listening, communicating, and being relentless about continuous improvements.

Private Vista is a fee-based financial planning firm in Chicago that specializes in working with people in transition (those recently widowed or divorced), business owners, and retirees. As fiduciaries, these wealth managers in Chicago will always put a client’s best interests first, and they will be completely transparent about compensation.

Key Factors that Enabled Private Vista to Rank as One of the Top Chicago Financial Planning Firms

Fiduciary Commitment

As a fee-based Chicago financial advisor, having a fiduciary commitment is important. It differentiates a firm from the competition and establishes client trust.

For many clients, it can be difficult to overlook the potential conflicts of interest that exist in the fee-based environment. They wonder how they can be completely sure if the Chicago financial advisor is choosing products solely on their portfolio needs.

With a fiduciary commitment, Private Vista allays any concerns that clients may have, as its advisors are legally obligated to:

  • Provide unbiased advice
  • Exercise a high degree of care and diligence
  • Disclose any conflicts of interest

Additionally, all advisors at this wealth management in Chicago must obtain at least their CFP within a year of working at Private Vista and many have gone on to receive many additional designations.

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Best Wealth Management Advisors Chicago – 2022-2023 Ranking

An Evolved Financial Planning Experience

One of the components that makes Private Vista one of the top financial advisory firms in Chicago is its Wealth Management EvolvedSM process. This top wealth advisor in Chicago works with clients of all types using a comprehensive approach.

One constant of the firm’s evolved wealth management process is that it’s all about you. It’s designed to help your Chicago financial advisor fully understand your current situation, future goals, and the reality of how to get from point A to point B.

The process includes four steps:

  1. It’s About You: Your advisor learns about your current resources and gathers the necessary documentation.
  2. What’s Important to You: Your current financial status is modeled, and your Chicago investment advisor develops ideas and recommendations.
  3. What’s Possible for You: You’re presented with a plan that connects your resources to your life goals and suggests how to get there.
  4. How it Becomes Reality for You: Your plan is implemented, and you receive regular communication as well as an annual meeting to stay on track.

Rating Summary

Private Vista has an expert team of certified financial planners in Chicago that believe every client should have an opportunity to enrich their life through solid financial planning. This financial planning Chicago firm utilizes an approach that is client-centered, ensuring that plans are tailored to each client’s objectives.

With a focus on learning everything possible about its clients and unique life planning tools and resources, Private Vista earns a 5-star rating and is one of the best financial advisors in Chicago to consider partnering with in 2022-2023.

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Savant Wealth Management Review

Savant Wealth Management fosters a vision to help build ideal futures for its clients, employees, and the communities it serves. This is one of the top financial advisors in Chicago that has been serving clients for decades, tracing its roots back to 1986.

This fee-only fiduciary wealth management firm in Chicago offers integrated investment management, financial planning, family office services, tax preparation, and other services to financially established individuals, non-profits, trust funds, and retirement plans. 

Key Factors that Enabled Savant to Rank as One of the Top Wealth Management Firms Chicago

Estate Planning & Wealth Transfer

This is one of the best financial advisors in Chicago to consider if you have estate planning needs. Estate planning is one of Savant’s specialties, and its advisors understand one of the most important things, to begin with, is to formalize the process and prioritize.

Advisors at this Chicago investment firm guide families through a comprehensive process that leverages their years of wisdom and experience. This process includes:

  • Determining What’s Important: Defining your values, goals, and priorities so a plan that meets those can be formulated
  • Assess Default Estate Plan: A summary of assets and existing estate documents are reviewed to understand where everything currently stands.
  • Design Ideal Futures Wealth Transfer Plan: Your Chicago financial advisor identifies potential risks and structures a plan to meet your defined values and goals.
  • Implement & Coordinate a Plan: Your advisor will help implement your estate plan and coordinate different areas, such as legal and tax.
  • Review Progress & Determine Next Steps: Estate planning is an ongoing process. Once initial implementation has happened, your plan is evaluated regularly.

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2022-2023’s Best Financial Advisors in Chicago

Personalized, Team-Oriented Approach

Savant doesn’t believe in “one size fits all.” The firm’s advisors tailor their services to each client’s individual circumstances and financial goals for the future. This enables your advisor to create a comprehensive financial plan that is custom-made.

The team approach of this top financial advisory firm in Chicago, IL means you have the full benefit of a wide range of professionals, all with expertise in a different financial area.

The multiple perspectives of the firm’s financial advisory team also mean your portfolio and financial plan are as robust and as well-strategized as possible.

Rating Summary

Savant Wealth Management works to give its clients peace of mind by applying the collective wisdom and insights of its advisors into each financial strategy. This wealth management Chicago firm emphasizes individualized attention, low costs, and a transparent fee-only structure.

One of the specialized programs that make Savant stand out as one of the best investment firms in Chicago is its Women’s Wealth Initiative. This initiative has a mission to inspire, inform, and empower women in their financial futures.

With a wide range of holistic financial services and a strong commitment to building customer trust, Savant Wealth Management is awarded 5 stars as one of the best Chicago financial advisors to consider partnering with in 2022-2023.

The Mather Group Review

Focused exclusively on the success of its clients, The Mather Group is a top-rated Chicago financial advisor that offers cost-efficient investment guidance without any hidden fees.

This fee-only financial planner in Chicago upholds a fiduciary obligation to its clients to always act in their best interest and provide unbiased financial guidance.

The Mather Group offers a variety of comprehensive financial services, including tax planning, investment management, retirement planning, estate planning, risk management, and more.

Key Factors that Enabled The Mather Group to Rank as a Top Financial Advisor in Chicago

TMG Retirement Roadmap™

At some point, most of us would like to retire comfortably, but how that looks is very different for each person. The Mather Group’s TMG Retirement Roadmap™ is designed to craft the perfect portfolio for each person that’s flexible enough to account for both lifestyle and market changes.

This roadmap to a financially secure retirement includes four distinct steps:

  • Discovery: Your Chicago financial advisor takes time to learn about you and your lifestyle goals to secure a framework for a comfortable retirement, including the inventory of balance sheets, cash flows, taxes, and insurance.
  • Framework: This step includes the identification and mitigation of any risks and the use of a leading academic theory and collaboration with you to create the framework of a successful financial plan.
  • Portfolio: Your advisor will recommend the right investment solutions to meet your goals based on your risk tolerance and any limitations of your retirement framework.
  • Income Stream: This is the point where your portfolio will begin generating an income stream to complement any other compensation you receive, such as Social Security.

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Chicago Financial Planning Firms

Expat Services

This top-rated fiduciary financial planner in Chicago stands out because it offers a very specialized type of financial guidance, Expat Services. These services are designed to help Americans living abroad make the most of their finances.

Your advisors at The Mather Group offer expert guidance throughout the expat journey, which can include moving abroad for work, retirement, or just a life-changing experience.

These financial services for those living abroad include guidance before, during, and after your move, whether you choose to stay overseas or come back to the U.S.

This Chicago wealth management firm helps expats with:

  • Wealth management
  • Optimal banking management
  • Tax services
  • Retirement planning

Rating Summary

The Mather Group offers a variety of financial solutions that go farther than you’ll find with other Chicago asset management firms. Beyond its expert retirement and financial planning, clients can find executive and expat financial services.

Another benefit of working with this top Chicago financial advisor is that it’s dedicated to keeping fees low so clients can keep more of their money and reach their financial goals sooner.

With a dedication to understanding each facet of a client’s life and client-first philosophy, The Mather Group is once again awarded 5 stars as one of the best investment firms in Chicago to consider working with in 2022-2023.

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The Planning Center Review

Helping to clarify the complicated when it comes to money management, The Planning Center is one of the top wealth management firms in Chicago that understands the importance of having a trusted and objective financial partner.

The firm is a fee-only fiduciary Chicago financial advisor dedicated to offering a safe place to discuss your life, money, and future dreams and goals.

The Planning Center is one of the larger financial planners in Chicago on our list. In addition to serving Illinois investors from offices in Chicago and Moline, the firm also has offices in Louisiana, Minnesota, California, Iowa, and Alaska.

Key Factors that Enabled The Planning Center to Rank as One of the Best Investment Firms in Chicago

Talented & Experienced Team

The Chicago financial advisors at The Planning Center encompass a broad range of collective knowledge. This team of financial planning Chicago advisors also holds several professional credentials and affiliations. These include:

  • Certified Financial Planner (CFP®)
  • Certified Financial Transitionist (CeFT®)
  • Chartered SRI Counselor (CSRIC™)
  • Certified Public Accountant (CPA)

A unique aspect of this Chicago team of financial advisors is that their team includes a psychologist, allowing clients to benefit from an approach that incorporates psychology and behavioral finance.

Dealing with finances and how they impact life can naturally cause people to experience anxiety, frustration, or depression about financial matters. The Planning Center offers emotional support and an unbiased view to assist clients with making the best financial decisions.

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Best Financial Advisor Firms Chicago, IL

Wide Range of Services

You won’t be disappointed with the wide array of services offered by this top financial planning firm in Chicago. Whether you’re interested in debt management or have philanthropic interests, The Planning Center has you covered with several financial areas to choose from.

Focused on helping clients feel confident in their financial future, these services include:

  • Asset & Debt Management
  • Cash Flow & Income Management
  • Investment Management
  • Asset Protection & Preservation
  • Estate Planning
  • Philanthropy
  • Tax Management
  • Accumulation & Retirement Planning

Rating Summary

For clients feeling apprehensive about the financial planning process and what it might mean for them and their families, The Planning Center provides a unique, care-centered perspective that is designed to make clients feel secure and safe through the entire process.

The firm’s large and experienced team covering multiple states is another factor that makes it one of the best financial advisors in Chicago. It provides a depth of experience that’s unique.

With a focus on the emotional side of financial management and an uncomplicated approach, The Planning Center again earns a 5-star rating as one of the best financial advisors in Chicago to consider partnering with 2022-2023.

Timothy Financial Counsel, Inc. Review

With a style all its own, Timothy Financial Counsel is unique among other financial advisors in Chicago because it offers a team-based approach combined with hourly services.

For those new to financial management, the hourly option provides an opportunity to enjoy expert wealth management for a manageable rate.

Timothy Financial is a fee-only wealth advisor in Chicago that was founded two decades ago to serve those who weren’t being well-served by traditional asset management firms. Its advisors believe that every penny counts, and this philosophy resonates in everything they do.

Key Factors that Enabled Timothy Financial Counsel to Rank as One of the Best Asset Management Firms in Chicago

Unique Hourly Rate

Timothy Financial Counsel stands apart from other Chicago financial advisors due to its unique model that allows clients to pay only for the time they use. Many Chicago based investment firms will charge a retainer and/or a fee based on assets under management.

Hourly fee rates are determined according to the number of services you will be utilizing, the type of services, and the specific advisor to whom you are assigned.

This approach makes financial planning services more affordable to a wider variety of investors and it also illustrates this Chicago wealth management firm’s continued commitment to supporting people from all wealth ranges with expert financial advice.

Additionally, the firm’s fee range and hourly rates are easily found on its website and are divided into six different categories of service, which range from rates of $220-$400 per hour.

chicago investment firm

Best Independent Financial Advisors in Chicago

A Full Team Working for You

Not all financial advisors in Chicago dedicate an entire team to crafting your portfolio and investment plan. Many advisory firms assign you to a single advisor.

Timothy Financial Counsel purposely has a low client-to-advisor ratio that allows it to include each of its expert advisors in the process of crafting your unique financial roadmap.

This gives your portfolio the benefit of several points of view and areas of expertise to tap into to ensure a strategic approach that reflects your distinct financial needs and future goals.

Rating Summary

Timothy Financial Counsel is an excellent Chicago financial advisor to consider if you’re new to investing or are worried that your investable asset level might to too low for other traditional investment firms.

Its one-of-a-kind hourly rate fee structure is easy for Chicago investors to understand and allows a diverse range of individuals to benefit from expert financial planning and guidance.

With a strong commitment to helping people strengthen their finances and a dynamic team-based approach, Timothy Financial Counsel again earns a 5-star rating as one of the top financial advisors in Chicago to consider working with in 2022-2023.

Don’t Miss: Top Financial Advisors in Boston, MA

AHQ Conclusion – 2022-2023 11 Best Financial Advisors in Chicago, Illinois

Whether your investable assets total $1,000 or $1,000,000, there is a top Chicago financial advisor that understands how to help you grow your money.

While they may differ in the services offered and type of clientele served, one thing that all these wealth management firms in Chicago have in common is that they’re dedicated to putting the client first in everything they do.

A good next step in your search for the best financial advisors in Chicago to consider would be to choose 3-4 firms on this list that are best suited to your needs. Then, set up an initial “get to know you” consultation – many firms offer these for no charge, and some will also provide a free portfolio review.

Once you choose a financial planner in Chicago that fits you best, you’ll find out just how helpful having a financial expert on your side can be when it comes to laying a solid financial foundation for the future.

Best of luck with your search!

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Ranking of Financial Advisors in Chicago, IL
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Financial Advisors in Chicago, IL