10 Best Financial Advisors in Illinois (for 2019)

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Ryan Friend

September 8, 2019  •  5 min read

Illinois is home to one of the biggest financial centers in the world in Chicago and is also home to a few other major cities such as RockfordNaperville, and Oak Brook. These centers mean there are plenty of successful individuals such as yourself living in the state, many of whom will need financial advisors. Yet there are so many advisory firms in Chicago and around the rest of the state, and it can be easy to get lost.

We have compiled a list of the best financial advisors in the state of Illinois so that you can save time and feel secure in your future partnership.

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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Here are the top five financial advisory firms that the state of Illinois has to offer: 

HighTower Advisors LLC 

HighTower Advisors LLC is one of the biggest and the best financial advisory firms in Illinois. This company has over $42 billion in assets under management. Despite their size, they do not have a minimum asset requirement to work with them, making them one of the more accessible firms on our list.

Perhaps the reason why HighTower has become the trusted financial advisor for so many people is that they say that they provide “financial advice with a soul.” For this company, it is not all about the money. It is also about the investment adviser to know you, forming a great connection, and helping to improve your overall lifestyle. They understand your financial life is just a facet of a much richer existence.

Working with HighTower Advisors LLC, you can expect the following:

  • A fee-based compensation model
  • A community environment based on collaboration between advisors
  • The constant leveraging of new technology to improve the client experience and make financial management easier

Mesirow Financial Investment Management Inc. 

Mesirow Financial Investment Management, in business since 1937, is a financial advisory and wealth management behemoth that manages over $24 billion in assets, and their size and longevity proves just how effective their investment strategies really are. There are minimum asset requirements to work with them, but they will vary widely depending on how you might work with them. As you might expect, they have many advisors work for them, of which quite a few are certified financial planners (CFPs).

Mesirow provides a wide range of financial services such as fixed income sales and trading, private equity, retirement planning services, deferred compensation plans, mergers and acquisitions, and more.

You can expect the following working with Mesirow Financial Investment Management:

  • Honest and sound financial advice and investment advisory services from people who have a wealth of professional experience and a track record of success
  • Complete transparency regarding all fees
  • A socially conscious corporate culture that focuses on giving back to the community and serving its best interests

Segall Bryant & Hamill 

Segall Bryant & Hamill has over $19 billion in assets under management. If you would like to work with this company, you will need to have at least $1 million in assets, making it a more exclusive firm. This might be with good reason, as portfolio managers and investment advisors at this firm have an average of 26 years of experience. Proper asset management and asset allocation can be taken as a given.

This firm prides itself on having a wide variety of investment strategies for a diverse client base. They strive to build a long-lasting relationship with you and are not in it to simply get you short-term returns. Nearly 68 percent of their investment professionals are CFA Charter holders.

You can expect the following working with Segall Bryant & Hamill:

  • Strong, risk-adjusted returns
  • A strong focus on investing fundamentals and thorough analysis when investing in securities
  • Excellent investing insights provided on the company’s website

Capital Strategies Investment Group 

With over $19 billion in assets under management, Capital Strategies Investment Group is another one of the largest financial advisors in Illinois. There is no minimum asset requirement to work with Capital Strategies Investment Group, which makes it an ideal company for you to work with if you do not have a high net worth or are a young person just getting started in your career and figuring out personal finance.

Capital Strategies Investment Group aims to create peace of mind for you by avoiding all conflicts of interest, by providing excellent customer service, and by utilize investing strategies that work over many years. Their wealth advisors and financial consultants will provide you with the investment advice you need to stay on the right path.

Their top focus is to help clients achieve stated business and financial goals. Since most clients are seeking peace of mind, it is also good to know that the firm prioritizes this.

You can expect the following working with Capital Strategies Investment Group:

  • Zero conflicts of interest and complete transparency about fees
  • A best-in-industry client service experience
  • Comprehensive financial planning that takes your entire financial and life circumstances into consideration, and can include tax planningestate planningsocial security and life insurance considerations, and more

DiMeo Schneider & Associates LLC 

DiMeo Schneider & Associates manages over $13 billion in assets. Unlike many other financial planning firms, this firm determines the minimum assets required for you to work with them on an individual basis.

DiMeo Schneider & Associates has an investing strategy that involves mixing secure long-term investments with opportunistic ones that arise naturally. In other words, they set you up for long-term stability while also enabling you to take advantage of favorable market situations that may arise allowing you to get the best of both worlds.

This financial group also has a proprietary, due-diligence strategy for sourcing and evaluating traditional investments, private markets, hedge funds, and real assets. They build custom portfolios for you based on their unique methods.

You can expect the following working with DiMeo Schneider & Associates:

  • Cutting-edge technology and investment research and analysis methods
  • Custom portfolios that are tailored to your specific financial needs and financial situation
  • A wide array of beneficial insights and research data published on the company’s website regularly 

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

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If you can work with the right financial advisor, then you can help to secure a significantly better financial future for yourself and for your loved ones. Any of the five companies listed in this article are good choices to work with. However, you should work with the company who you believe will be the best fit for you. You can always switch financial advisors down the line if you change your mind. Yet no matter whether you’re a small business owner or someone who already has all the wealth and real estate they could ask for, the important thing is to get started as soon as possible.