Close to Chicago and a cultural and historical center of Illinois, Naperville is a growing city that is a fantastic place to live whether you are building your live or getting ready to retire soon. Yet no matter your situation, if you are a successful individual, you should look into getting some help managing your financial matters. A financial or investment advisor is just what you need, and there are plenty in the area ready to help. In fact, there might be more than you can comb through, so we’ve picked out a small range of options to help you get your search started.
Not every excellent firm for Naperville is in Naperville, but we did take distance into consideration when reviewing each group. Here are our top five choices for financial advisory firms for Naperville, Illinois:
1) HighTower Advisors, LLC
A Chicago firm that we simply couldn’t ignore for any city in the region, HighTower Advisors, LLC is an excellent group that was founded in 2008 and has $42 billion in assets under management (more than nearly any other firm we have reviewed). With hundreds of advisors in locations across the country to support that number, it should come as no surprise that HighTower Advisors is a firm that is on a different scale, and one that can provide you with whatever advice and services you might need.
Their investment strategy changes from advisor to advisor to at least some degree, but you can rely on them to use technology and their vast research resources to find every possible opportunity for your portfolio.
HighTower Advisors, LLC is a fee-based firm that doesn’t have a strict asset requirement or account minimum, but we do suggest double-checking to see if their fees would be reasonable for your financial situation.
You can expect the following working with HighTower Advisors, LLC:
- High standards within the firm regarding both transparency and communication.
- Advisors all over the country, making it easy to move or travel without having to start over or be inconvenienced.
- A relatively cheap fee structure compared to many other firms.
2) Mesirow Financial Investment Management, Inc.
Our second choice is the Chicago-based Mesirow Financial Investment Management, Inc., which was founded in 1986 (with a history that falls all the way back to 1937) and has about $24 billion in assets under their management spread across their 10 offices throughout the country. Also across those offices are nearly 100 well-trained and qualified advisors.
They use several different strategies, both long-term and shorter-term in nature, and will consider many different asset classes when determining what the best choice for a client might be.
Mesirow Financial Investment Management, Inc. is a fee-based firm that requires that you have $250,000 in investible assets, but we only recommend them for people with more than $400,000 to invest due to their $4,000 minimum annual fee.
You can expect the following working with Mesirow Financial Investment Management, Inc.:
- More services offered than most people would want to count. If you have a specialized need, they likely have the person for the job.
- Plenty of resources available to help you better understand their viewpoints and strategy.
- An employee-owned company, the firm can be relied on to work entirely in your interest.
3) Calamos Wealth Management
Our top choice for Naperville with over $1.47 billion in assets under management, Calamos Wealth Management was founded in 2007 and since then they’ve built up a clientele that mostly consists of high net worth individuals, with some additional individual and organizational clients as well. While they are spread out across three states, there are about eight advisors ready to help you in Naperville.
They focus heavily on your portfolio makeup and will take time to get to know you and your goals. From this information, they will determine the right asset allocation strategy for you. Adjustments will be made as the market and your goals change.
Calamos Wealth Management is a fee-only firm that requires that you have a $1 million account minimum with them to work with them for normal investment management services.
You can expect the following working with Calamos Wealth Management:
- Additional offices located in New York City and Florida, if you are one to travel frequently.
- An emphasis on client education so you can better understand how your assets are doing and what may lie in wait for your financial future.
- Services tailored towards serving professional athletes.
4) Rezny Wealth Management
Rezny Wealth Management is a firm that we think is best for individuals (both high net worth and not), with $158 million in assets under management and experience dating back to 1992. With only a couple of advisors, you might worry that this firm could be too small to handle your needs, but the personalized focus the firm offers is hard to beat. They are based in Naperville.
They use a mix of asset types when crafting portfolios, and use several different types of analysis when considering a potential investment. They will also customize your portfolio based on your financial situation.
Rezny Wealth Management is a fee-only firm that requires that you have $500,000 in your account to work with them.
You can expect the following working with Rezny Wealth Management:
- A firm that will strictly hold itself to the fiduciary standard.
- Personal attention to your financial goals and needs, and care taken with your portfolio.
- Regular adjustment made to your portfolio as the market naturally changes.
5) Sebold Capital Management
Our last choice for Naperville is Sebold Capital Management, a firm with $147 million in assets under management that was founded in 1998. Sean Sebold, the firm’s founder and only advisor until mid-2019, has 20 years of experience, is a CFP and CFA, and has a track record strong enough to make us recommend the firm despite its size.
They focus primarily on long-term gains for their clients and use fundamental analysis to assess potential investments. You can trust that you will have a diversified portfolio when you place your assets in their hands.
Sebold Capital Management is a fee-only firm that requires that does not have a minimum account requirement but does have a minimum annual fee of $3,125. We recommend them for people with a net worth over $400,000.
You can expect the following working with Sebold Capital Management:
- Experience working with different types of clients.
- A firm that gives back to the local community.
- Regular blogs and other resources that provide insight into the markets, your potential gains, and various industries.
Whether you’ve just found success in Naperville or if wealth has been in your family for generations, it’s never too soon to start looking out more for your financial future. And the best way for many people (including yourself) to do that is to start working with one of the firms listed above. The choice can be tough, but with the information above and a few phone calls, you should have the tools you need to move forward wisely. We wish you the best of luck with your future fiscal endeavors, and hope you get started on this important task right now.