Chicago il

Top Financial Advisors in Chicago, IL

Top Financial Advisors in
Chicago, IL

We strategically compiled top financial advisory firms in the Chicago area to not only save you time, but also help you find a knowledgeable, local financial advisor.

Senior Finance Advisor Top Financial Firms in Chicago, IL

Top Financial Advisors in Chicago

These top financial advisory firms in Chicago were carefully selected based on the firms who manage the most, and largest, client accounts — known as assets under management (AUM) — and also the firms who have the most recommendations and highest reviews.

This list of top financial advisors in Chicago can help you narrow your search and give you peace of mind that you’re hiring a capable, reputable financial professional.

These top financial advisory firms in Chicago were carefully selected based on the firms who manage the most, and largest, client accounts — known as assets under management (AUM) — and also the firms who have the most recommendations and highest reviews.

This list of top financial advisors in Chicago can help you narrow your search and give you peace of mind that you’re hiring a capable, reputable financial professional.

Financial Advisor Financial Services Assets Managed
1 . Financial Engines
  • Retirement Planning, Portfolio Management, Investment Advisory
$169,000,000,000
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2 . Buckingham Strategic Wealth
  • Financial Planning, Investment Management, Portfolio Management, Wealth Management, Tax Planning
$12,282,889,291
Read Our Review
3 . Brownson, Rehmus & Foxworth, Inc.
  • Financial Planning, Investment Management, Retirement Planning, Portfolio Management, Income & Estate Taxes, Insurance Planning
$11,241,411,000
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4 . Mercer Global Advisors Inc.
  • Investment Management, Financial Planning, Estate Planning, Tax Planning & Preparation, Corporate Trustee
$11,053,472,525
Read Our Review
5 . RMB Capital Management
  • Wealth Management, Asset Management, Retirement Plan Solutions
$8,226,710,874
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6 . Altair Advisers
  • Investment Management, Financial Planning, Client Education
$4,528,595,592
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7 . JMG Financial Group Ltd
  • Wealth Management, Investment Management, Tax Planning
$2,674,956,000
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8 . Andersen Tax LLC
  • Financial Planning, Investment Management, Tax Planning
$2,116,921,000
Read Our Review
9 . Strategic Wealth Partners
  • Financial Planning, Investment Advisory, Financial Counseling
$2,083,803,232
Read Our Review
10 . Polaris Greystone Financial Group

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How do we make our selections?


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Reputation

Reviews that the firm has received.


Trend arrow

Trusted

Firms manage at least $100 Million in assets.


Expertise

Expertise

Firms provide financial planning and investment services.


Shield

Integrity

Firms are fee-only.

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Financial Firms Overview

The help of an expert financial advisor can help you not only get organized, but also get prepared for your future. Read each firms description below to discern whether their advisors might be the right fit. Once you narrow your list, here are top questions to ask a financial advisor before hiring.

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1. Financial Engines


2700 Patriot Blvd Suite 120

Glenview IL 60026

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About Financial Engines

Financial Engines offers an assortment of services focused on financial planning, investment management, retirement planning and money management. The financial advisory firm has been providing individuals, families and Fortune 500 companies financial guidance for over 20 years and offers the convenience of a local service with national resources.

Financial Engines strives to offer objective financial advice to help their clients build a better financial future, and even offer a call-in radio program, “Financial Engines’ Investing Sense”, which airs in over 70 markets across the U.S. and brings comprehensive, useful and entertaining financial wisdom and advice to whoever is willing to tune-in. They cater financial portfolios and plans based on their clients’ unique needs. Their advisors help you strategize a personal investment plan so you can reach your financial goals and communicate progress toward goals over your investment time horizon.

Edelman Financial Engines was officially formed on November 1, 2018 via the merger of Edelman Financial Services, LLC and Financial Engines Advisors, L.L.C. Both of these two firms were in the advisory business for some time before merging. Edelman was established in 1986 by Ric and Jean Edelman, and Financial Engines was created in 1997. Edelman Financial Engines is under the principal ownership of Edelman Financial Engines, L.P.

Number of Advisors:

939


Time in Business:

Founded in 1996


Offers Fiduciary Services:

Yes

Specialties:

Retirement Planning, Portfolio Management, Investment Advisory


Advisors Minimums:

Requires a $50,000 minimum investment and charges a blended rate between 1.50% and 0.90% for ongoing portfolio management services, depending on the size of the portfolio.

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2. Buckingham Strategic Wealth


500 Lake Cook Road

Deerfield IL 60015

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About Buckingham Strategic Wealth

Buckingham Strategic Wealth focuses on “collaborating with clients to find meaning, simplicity and innovative solutions to life’s financial questions” according to their website. They federally registered in 2007 and provides investment advisory services for 7,315 clients. They offer an Investment Policy Committee, which is a full-time team made up of advisors, researchers and financial specialists who continuously study, evaluate and apply the latest peer-reviewed financial research to ensure their firm recommendations live up to their fiduciary standards.

They diligently help clients find ideal ways to balance risk while providing protection against inflation with the right balance to fit unique needs. The firm uses a transparent fee-only model with their clients as well as a trusted custodian. Buckingham Strategic Wealth’s Chicago office is located on the North Shore of Chicago.

The annual asset-based fee at Buckingham Strategic Wealth is between 0.40% and 1.25% per year of assets under management.

Number of Advisors:

290


Time in Business:

Founded in 2007


Offers Fiduciary Services:

Yes

Specialties:

Financial Planning, Investment Management, Portfolio Management, Wealth Management, Tax Planning


Advisors Minimums:

$500,00 minimum investment required to initiate services as a new client.

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3. Brownson, Rehmus & Foxworth, Inc.


200 S Wacker Dr Suite 2300

Chicago IL 60606

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About Brownson, Rehmus & Foxworth, Inc.

Brownson, Rehmus & Foxworth has been an independent investment advice and financial counseling firm for clients since 1969. The firm federally registered in 2014, is a Registered Investment Advisor (RIA) in 21 states with a licensed staff of 47 advisors. The firm manages $11 Billion and provides investment advisory services for 947 clients.

They pride themselves on “advising clients on all aspects of their lives that have financial implications.” They customize their advice and services based on each client’s individual goals, needs and circumstances, and they boast that their “objectivity, expertise, comprehensiveness and close-working relationships” give them client trust.

Brownson, Rehmus & Foxworth use a transparent fee-only model, a trusted custodian and have a good client-to-advisor ratio with one licensed advisor for every 21 clients (in an industry where the average is 1 advisor to 50 clients). Management fees typically vary from 0.15% to 1.00% of assets under management.

Number of Advisors:

58


Time in Business:

Founded in 1969


Offers Fiduciary Services:

Yes

Specialties:

Financial Planning, Investment Management, Retirement Planning, Portfolio Management, Income & Estate Taxes, Insurance Planning


Advisors Minimums:

Minimum investment of $1,500,000.

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4. Mercer Global Advisors Inc.


475 North Martingale Road, Suite 300

Schaumburg IL 60173

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About Mercer Global Advisors Inc.

Mercer Global Advisors federally registered in 2008 and is a registered investment advisor across the United States. Their founder, Kendrick Mercer started the firm as a law practice in 1985 to work with clients to give them the best service possible and deliver economic freedom so “they don’t have to worry about money.”

The firm follows the fiduciary standard to put clients’ needs and interests first, and they have been successful for over 30 years helping families navigate their financial needs from starting out in life and building financial portfolios to enjoying retirement. Mercer Global Advisors uses a transparent, fee-only model and a trusted custodian. The annual management fee for ongoing portfolio portfolio management services is negotiable.

According to their website, the Chicago team is “committed to ensuring their clients get the right strategy, plan and attention to meet their unique investment needs.” Their wealth management experts include Certified Financial Planners, investment advisors and strategists, estate planners, attorneys and Certified Public Accountants.

Number of Advisors:

238


Time in Business:

Founded in 1985


Offers Fiduciary Services:

Yes

Specialties:

Investment Management, Financial Planning, Estate Planning, Tax Planning & Preparation, Corporate Trustee


Advisors Minimums:

Requires a $250,000 minimum investment.

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5. RMB Capital Management


115 S LaSalle Street 34th floor

Chicago IL 60603

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About RMB Capital Management

RMB Capital Management has been servicing clients in Chicago since 2005 and provides holistic financial planning services in addition to asset allocation recommendations and investment implementation. The independent, employee-owned firm focuses on helping clients find solutions to their unique financial needs through wealth management in addition to helping clients manage investments through asset management and retirement planning strategies.

RMB Capital Management was recently named by Barron’s magazine as one of the “Top 40 Independent Advisory Firms” in the nation. Their investment strategy is centered around “taking a long-term view, conducting fundamental analysis, being opportunistic yet disciplined and avoiding unnecessary risk,” its website explains. RMB Capital Management offers an “open architecture” model, which means their clients’ assets are managed both internally and externally.

RMB Capital Management charges a blended rate between 375 percent and 0.5 percent for ongoing portfolio management services, depending on the size of the portfolio.

Number of Advisors:

205


Time in Business:

Founded in 2005


Offers Fiduciary Services:

Yes

Specialties:

Wealth Management, Asset Management, Retirement Plan Solutions


Advisors Minimums:

Minimum investment of $1,000,000.

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6. Altair Advisers


303 W. Madison, Suite 600

Chicago IL 60606

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About Altair Advisers

Altair Advisers is a financial advisory firm that serves clients nationwide and is completely employee-owned. The firm’s current principals previously served under the Investment Advisory Services practice of Arthur Andersen’s Chicago office. The Chicago office has been helping clients with their financial needs since 2002. The firm serves mainly high-net-worth clients as they require a minimum initial investment of $5 million.

Altair Advisers begins their relationship with clients with an in-depth analysis of clients’ financial situation. Common topics include capital sufficiency, income tax planning, cash flow and retirement planning. This information helps establish an investment plan for portfolio asset allocation that matches clients’ unique needs and goals.

Altair Adviser’s Investment Committee currently features four members, including three CFAs. They share eighteen years of investment experience, on average. The firm charges an annual fee for their services based on a percentage of assets under management.

Number of Advisors:

49


Time in Business:

Founded in 2002


Offers Fiduciary Services:

Yes

Specialties:

Investment Management, Financial Planning, Client Education


Advisors Minimums:

Minimum investment of $5 Million.

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7. JMG Financial Group Ltd


2001 Butterfield Road

Downers Grove IL 60515

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About JMG Financial Group Ltd

JMG Financial Group is an employee-owned wealth management firm that serves clients in over 35 states. They offer a fee-only approach which allows them to make objective and independent decisions based on each client’s financial objectives.

JMG offers over 30 years of experience with a tenured team of more than 50 professionals and they offer in-depth financial services in wealth management, investment management and tax planning. On their website, they say they help their clients “grow, manage and sustain their wealth seamlessley and transparently with comprehensive, customized strategies.”

JMG Financial Group manages $2.7 Billion and provides investment advisory services for over 800 clients. They are headquartered in Downers Grove, Illinois but also have offices in Chicago and Lake Bluff.

Number of Advisors:

52


Time in Business:

Founded in 1985


Offers Fiduciary Services:

Yes

Specialties:

Wealth Management, Investment Management, Tax Planning


Advisors Minimums:

Required minimum investment of $1,000,000.

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8. Andersen Tax LLC


71 South Wacker Suite 2600

Chicago IL 60606

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About Andersen Tax LLC

Andersen tax is one of the largest and most respected national independent financial firms offering tax, investment advisory and valuation services. They have been serving the Dallas area for over a decade and offer fiduciary services, meaning they are legally and ethically required to put their client interests before their own.

Andersen Tax is the founding member of Andersen Global, an international association of legally separate, independent member firms with nearly 4,000 financial professionals worldwide and a presence in over 129 locations. Each location has an operating model structured to allow Managing Directors to “roll up their sleeves” to work directly with clients. The Dallas location requires a $0 minimum investment and charges a blended rate between 1.00 percent and 0.40 percent for ongoing portfolio management services, depending on the size of the portfolio.

Number of Advisors:

850


Time in Business:

Founded in 2003


Offers Fiduciary Services:

Yes

Specialties:

Financial Planning, Investment Management, Tax Planning


Advisors Minimums:

No advisor minimum, but there is fee of $1,000 on every $100,000.

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9. Strategic Wealth Partners


520 Lake Cook Rd Suite 270

Deerfield IL 60015

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About Strategic Wealth Partners

Strategic Wealth Partners is an independent wealth management firm founded in 2008. The fee-only financial advisory firm consists of a team of professionals that offer personalized financial planning and investment advisory services. The firm’s objective, according to their website, is “to provide clients with successful wealth strategies and independent, objective advice and personalized service.”

The core of their business is the fiduciary duty or putting the clients’ best interest first. They joined the Focus Financial Partners in 2014, which is a leading partnership of independent, fiduciary wealth management firms. They have a number of financial specialists who hold certifications as Certified Financial Planners (CFPs), Chartered Financial Analysts (CFAs), Certified Investment Management Analysts (CIMA) and Certified Public Accountants (CPAs). They also encourage their team members to contribute their time and effort to causes they are passionate about through paid volunteer time in the community as well as a matching gift program.

Number of Advisors:

35


Time in Business:

Founded in 2008


Offers Fiduciary Services:

Yes

Specialties:

Financial Planning, Investment Advisory, Financial Counseling


Advisors Minimums:

Required minimum investment of $1,000,000.

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10. Polaris Greystone Financial Group



About Polaris Greystone Financial Group

Polaris Greystone Financial Group begins its service approach by taking an in-depth analysis of your financial situation. This may cover topics like capital sufficiency, income tax planning, cash flow and retirement planning. It uses this information to form strategic information for an investment portfolio management. The firm then devises a portfolio with an asset allocation it deems appropriate for you.

Number of Advisors:


Time in Business:


Offers Fiduciary Services:

Specialties:


Advisors Minimums:

Find the Right Chicago, IL Financial Advisor for You

Smart money-management and taking measures to prepare for your future is one of the best investments you can make. That’s why choosing a financial advisor you can trust is one of the most important things you can do for a a successful financial future.

Advisors should be able to directly answer your questions with detailed, documented proof of their fee structure, standards, code of ethics and policies. This list of top financial advisor firms in the Chicago area can help you find an advisor who not only meets your unique needs, but also helps you set your financial goals in motion.

*Criteria: Compiled FINRA data and public advisory firm data for financial advisory firms who:

  1. are headquartered in the U.S.
  2. submitted Form ADV to the Securities and Exchange Commission before or after Jan 1, 2017 and as of as May 1, 2018
  3. don't receive commissions
  4. have at least $100M in total AUM
  5. have offices in the Chicago or greater areas
  6. have 3.5/5 or higher company rating score based on reviews