2022 Reviews

Top Financial Planners in Chicago - 2022

LAST UPDATED 27 May, 2022
Filter (19) Companies
All Filters
Filters

List of the Top Financial Planners in Chicago

Wimgo takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports.

Retirement Plan Advisors

Service Focus
30% Financial Planning
4% Asset Management
15% Financial Advisory
1% Budget Management
19% Retirement
31% Other
Service Focus
30% Financial Planning
4% Asset Management
15% Financial Advisory
1% Budget Management
19% Retirement
31% Other
Retirement Plan Advisors (RPA) was founded on the belief that personal relationships matter. After decades of Providing high-touch service to their clients, They believe their clients want a personal relationship with their financial advisor. They Prefer to talk to a person about their retirement, their financial health, and how to handle some of the challenges.

Derose Financial Planning Group

Service Focus
12% Financial Planning
33% Asset Management
28% Financial Advisory
16% Budget Management
8% Retirement
3% Other
Service Focus
12% Financial Planning
33% Asset Management
28% Financial Advisory
16% Budget Management
8% Retirement
3% Other
In 1996, DeRose Financial Planning Group was established to help her clients take their financial planning to the next level. At that time, comPrehensive financial planning was still in its relative infancy, as most “planners” simply sold investments or insurance. DeRose envisioned a clients’ financial lives. She has been doing Practice where a customized, comPrehensive financial plan could be tailored to each of her so ever since.

Mindful Money Financial Counsel

Service Focus
11% Financial Planning
32% Asset Management
1% Financial Advisory
8% Budget Management
35% Retirement
12% Other
Service Focus
11% Financial Planning
32% Asset Management
1% Financial Advisory
8% Budget Management
35% Retirement
12% Other
At MindFull MoNey their financial planning Process has been designed around your needs. Whether you are looking for one-time financial advice or an ongoing relationship with a financial advisor, they have affordable, transparent solutions to meet your needs. Their financial planning and investment advice services are Primarily through individual consultations and written financial plans.

Frequently Asked Questions About Financial Planners

The particular cost tends to depend on the range of services your chosen financial planner offers you, as well as their experience. Nevertheless, thorough financial planning can cost anything from $2100 to $11,000 each year.

Financial Advisors come in 3 basic flavours:
Transactional Advisors/Brokers/Insurance Agents charge clients a percentage or fixed amount for each purchase (and, in the case of stocks, bonds, or options, each sale, as well).
Financial Advisors who charge a fixed dollar amount to provide advice: for example, a financial or retirement plan, an asset allocation or an inheritance, tax, or succession plan. These Advisors have no asset minimum.
Investment Advisors (aka, Wrap-fee advisors, Fiduciary Advisors, Asset Fee-Based Advisors) both Advise and also Invest the money. They charge a fee that is a percentage of the assets under management. Typically, minimums are $100–200k, but maybe as high as $500k or a Million.

Given that there are over 100 certifications available to those in the financial industry, the CFP certification certainly stands out. For one, to be a CFP, one must be a fiduciary. This means that every CFP must put the needs of their clients ahead of their own. It can be surprising to learn that the majority of financial professionals are not required by law to do this and it is for this reason that the CFP and the CFP board unique and important entities where consumer protections are mentioned.

It means that your financial planner follows the fiduciary standard. This is a standard that means your financial planner puts your best interests ahead of their own. For example, if your financial planner has two similar investment products with varying fees, your financial planner that is also a fiduciary would have no choice but to recommend the investment product that has the lower cost to you, even if that means they would make less money from it. It is a standard that is great for you, the client and not necessarily for the financial planner.

What it simply means is that:

  • They must act in your best interest
  • They must provide information pertaining to any conflict of interest that may arise
  • They must clearly define how their money is made (commissions, asset-based fees, upfront fees, and more).

Generally, any professional that is able to help you take care of your money is to be considered a financial advisor. However, a financial planner is a financial advisor working within a specific niche known as financial planning. If your goal is to have a program that helps you achieve your long-term financial goals, then a financial planner would be the go-to professional.

The role of a financial planner is to provide expert assistance and advice in order to help you reach any financial goals you have set for yourself. These goals typically depend on your needs and your situation. A financial planner is able to help you with saving and budgeting, investing, debt reduction, estate planning, insurance, retirement, and tax optimisation.

Accreditation and certification
When talking to someone about your money and financial future, it is imperative that you know the person you aim to work with is actually qualified for the job. It is important to note that whilst accreditation is a wonderful sign, it does not guarantee that the individual is a great financial planner. This is why you ask for referrals and references.

Pay structure
Every financial planner comes with their own unique pay structure, so you have to select the one that helps determine if an investment was smart as it was intended to be. Generally, you want to avoid working with financial planners on a commission basis. They are likely to think more about their commission than meeting your needs.

Listen out for questions
A great way to ascertain the ethics of your chosen financial planner is to just listen to them while they speak. Additionally, you will want to pay attention to how many questions they ask you. Given that all financial situations and goals are different, there isn’t a cookie-cutter option. It is best to steer clear of financial planners that say otherwise.

Conduct a background check
Given the peculiarity of the relationship, there will have to be a fair amount of trust and transparency for your relationship with the financial planner to be successful. This is where you will want to learn more about their background. Find out if they have ever been investigated by an investment regulatory body or have been convicted for a crime.

There are quite a number of questions to ask a financial planner when you first meet them, however, the most important question is one that you pose to yourself; you have to know what you want in an advisor. Try to discover the type of services you will require and how much you are willing to pay for those services. Thinking about these questions will help you determine what questions to ask before hiring a financial planner. Below are the questions you should ask when hiring a financial planner:

  • What are your credentials?
  • Are you a fiduciary?
  • How do you get paid?
  • What services do you offer?
  • What is your investment philosophy?
  • How will investments be picked for me?
  • What benchmarks are used?
  • Who is your custodian?
  • What are your typical clients like?
  • How much contact will we have?
  • Do you have anyone else that works with you?
  • What is your succession plan?
  • Is it possible to view a sample financial plan?
  • Why should I choose you?

Merino Wealth Management

Service Focus
26% Financial Planning
26% Asset Management
4% Financial Advisory
8% Budget Management
10% Retirement
26% Other
Service Focus
26% Financial Planning
26% Asset Management
4% Financial Advisory
8% Budget Management
10% Retirement
26% Other
At Merino Wealth they accept all clients without discrimination or bias, but they have a strong passion for helping women to get more out of their financial lives. Their specialty lies in helping Gen X, Xennial, and Millennial female entrePreneurs to manage their busy financial lives. They believe that all women deserve to feel comfortable and confident in their financial decisions.

Need A Little Help?

Talk with a vendor expert for free. Get a list of companies
that will be great for you in just 15 minutes.

Talk to an Advisor

Basil Financial Group

Service Focus
14% Financial Planning
23% Asset Management
14% Financial Advisory
16% Budget Management
8% Retirement
25% Other
Service Focus
14% Financial Planning
23% Asset Management
14% Financial Advisory
16% Budget Management
8% Retirement
25% Other
Basil Financial Group as financial Professionals, their passion is helping people make smart decisions about their money. Lois created Basil Financial Group to Provide comPrehensive and unbiased financial planning for individuals and their families. They love what they do because they assist their clients have happier relationships and more fulfilling lives.

Savant Capital

Service Focus
2% Financial Planning
16% Asset Management
24% Financial Advisory
19% Budget Management
12% Retirement
27% Other
Service Focus
2% Financial Planning
16% Asset Management
24% Financial Advisory
19% Budget Management
12% Retirement
27% Other
Since 1986, SAVANT they have focused on one key Principle: all financial advice should be made strictly in the best interest of the client. But it goes beyond that, they are committed to helping their clients pursue peace of mind through the insight, wisdom, and perspective they are able to offer.

Long & Associates

Service Focus
15% Financial Planning
6% Asset Management
14% Financial Advisory
25% Budget Management
24% Retirement
16% Other
Service Focus
15% Financial Planning
6% Asset Management
14% Financial Advisory
25% Budget Management
24% Retirement
16% Other
At Long Financial Planning they serve both individual clients with personal financial planning, and small business and non-Profit clients with retirement plan advice for their 401k or 403b plans Long and Associates operates on a Fee-Only basis. Meaning they do not accept any commissions, kickbacks or other third party compensation. They are independent of any Broker, Insurance Company.

Amling Investments

Service Focus
15% Financial Planning
14% Asset Management
3% Financial Advisory
29% Budget Management
27% Retirement
11% Other
Service Focus
15% Financial Planning
14% Asset Management
3% Financial Advisory
29% Budget Management
27% Retirement
11% Other
Amling Investments is a Chicago-based wealth management firm offering comPrehensive financial planning and Professional money management. Their services servicesluding: Planning for retirement, budgeting, saving for college or other major purchases, and paying down debt. They can help you in Researching and analyzing your investment portfolio, monitoring all your investable accounts, and buying and selling stocks, bonds, and funds.

Chicago Partners Wealth Advisors

Service Focus
12% Financial Planning
22% Asset Management
19% Financial Advisory
15% Budget Management
23% Retirement
9% Other
Service Focus
12% Financial Planning
22% Asset Management
19% Financial Advisory
15% Budget Management
23% Retirement
9% Other
Chicago Partners helps clients optimize their most important business: their wealth. They help high-net-worth individuals, foundations, corporations, and family offices build the right portfolios, minimize their taxes, and build financial plans that help them navigate through the ups-and-downs of both the markets and

Edward Jones

Service Focus
21% Financial Planning
24% Asset Management
7% Financial Advisory
23% Budget Management
7% Retirement
18% Other
Service Focus
21% Financial Planning
24% Asset Management
7% Financial Advisory
23% Budget Management
7% Retirement
18% Other
Edward Jones is a leader in the financial services industry, but they take a personal apProach to business that starts with a face-to-face meeting between an Edward Jones financial advisor and an investor. They believe that building long-term relationships with our clients and placing individual branch offices in the neighborhoods where investors live and work are key to serving their clients' needs.

Richard Wholey, Baird Private Wealth Management

Service Focus
13% Financial Planning
19% Asset Management
24% Financial Advisory
8% Budget Management
32% Retirement
3% Other
Service Focus
13% Financial Planning
19% Asset Management
24% Financial Advisory
8% Budget Management
32% Retirement
3% Other
With an integrated, global team of over 350 banking Professionals, Baird’s Global Investment Banking group Provides a range of advisory and financing services to a broad mix of clients around the world. Their unique team structure enables them to bring the right mix of Product and industry experts, along with a global perspective, to find the best solutions for their clients.

Sullivan Mermel

Service Focus
41% Financial Planning
0% Asset Management
8% Financial Advisory
37% Budget Management
4% Retirement
10% Other
Service Focus
41% Financial Planning
0% Asset Management
8% Financial Advisory
37% Budget Management
4% Retirement
10% Other
At Sullivan Mermel, their teamludes CPAs as well as Certified Financial Planners, or CFPs. They offer comPrehensive financial planning thatludes retirement planning, investment management, tax planning, tax Preparation, insurance analysis, and estate planning review. And because they don’t accept commissions or kickbacks, you can be sure that their advice is serving your money needs, not their own.

Costello Financial Planning

Service Focus
21% Financial Planning
7% Asset Management
29% Financial Advisory
13% Budget Management
2% Retirement
28% Other
Service Focus
21% Financial Planning
7% Asset Management
29% Financial Advisory
13% Budget Management
2% Retirement
28% Other
Costello Financial Planning is a fiduciary (also known as fee-only) financial planning firm serving the Ann Arbor, MI, and Chicago, IL areas. Costello Financial Planning specializes in Providing comPrehensive financial planning to help clients build, manage, grow, and Protect their assets through life’s transitions.

Kinkelaar And Associates Financial Planning

Service Focus
5% Financial Planning
24% Asset Management
10% Financial Advisory
17% Budget Management
31% Retirement
13% Other
Service Focus
5% Financial Planning
24% Asset Management
10% Financial Advisory
17% Budget Management
31% Retirement
13% Other
Kinkelaar and Associates is an independent, Fee-Only financial planning and Registered Investment Advisor with offices in Akron, Ohio and Chicago, Illinois. The firm specializes in Providing financial planning and daily money management services to individuals and families, on an hourly, as-needed basis. Programs and Periodic Review Services allow them to continue assisting you either on a regularly scheduled or as-needed follow up basis

The Planning Center

Service Focus
21% Financial Planning
31% Asset Management
8% Financial Advisory
2% Budget Management
26% Retirement
12% Other
Service Focus
21% Financial Planning
31% Asset Management
8% Financial Advisory
2% Budget Management
26% Retirement
12% Other
The Planning Center is a fee-only financial planning firm that Provides a safe place for you to discuss what matters most to you and your family with a team of trusted financial advisors. Our goal is to help you make better decisions as you navigate life's transitions and guide you toward the life you would like to have.

Financial Solutions Advisory Group

Service Focus
5% Financial Planning
23% Asset Management
33% Financial Advisory
31% Budget Management
6% Retirement
3% Other
Service Focus
5% Financial Planning
23% Asset Management
33% Financial Advisory
31% Budget Management
6% Retirement
3% Other
Financial Solutions was created in order to Provide clients the service they deserve. Their team has learned from experience that the corporate wealth model dominating the industry leaves much to be desired. Too often, clients in need of committed partners find that they are little more than account numbers within a corporate bureaucracy.

Stanton Financial Planning

Service Focus
26% Financial Planning
13% Asset Management
21% Financial Advisory
18% Budget Management
13% Retirement
10% Other
Service Focus
26% Financial Planning
13% Asset Management
21% Financial Advisory
18% Budget Management
13% Retirement
10% Other
Stanton Financial Planning is dedicated to Providing individuals and business owners with what they are looking for most a trusted, objective advisor with no Products to sell or hidden agendas. He does what’s best for the client not what is best for some salesperson. The firm is located in Chicago.

Mcenroe Financial Planning

Service Focus
22% Financial Planning
23% Asset Management
21% Financial Advisory
9% Budget Management
5% Retirement
20% Other
Service Focus
22% Financial Planning
23% Asset Management
21% Financial Advisory
9% Budget Management
5% Retirement
20% Other
At McEnroe Financial Planning, they Provide truly personalized financial planning and investment advice based on your unique situation and financial goals. We are paid directly by you and work only for you, resulting in unbiased planning and advice by Professionals committed to your best interest. They are located in Chicago.

Cogent Strategic Wealth

Service Focus
28% Financial Planning
27% Asset Management
9% Financial Advisory
2% Budget Management
15% Retirement
20% Other
Service Focus
28% Financial Planning
27% Asset Management
9% Financial Advisory
2% Budget Management
15% Retirement
20% Other
At Cogent Strategic Wealth, they believe that you deserve a plan that is customized to your specific goals, values, and needs. They don’t do cookie-cutter apProaches here. Success is defined differently by each person. Their team of financial advisors starts by listening to you and what you want to accomplish. Next, we look for the right plans and strategies that will help you accomplish your goals.