Best Financial Advisors in Chicago

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
2,700+
Advisors
4.6/5.0
Average Rating

Chicago Financial Landscape

As of 2023, Chicago's economy is diverse, with strong sectors in finance, technology, and manufacturing. The city serves as a critical transportation and logistics center.

Major industries
Finance, Technology, Manufacturing
Population
2.7M (metro: 9.5M)
Median household income
$70,000
Unique needs
Chicago's diverse economy requires tailored financial strategies, especially in real estate and tech investments.
Market Insights
Economic Growth
According to BEA (2023), Chicago's GDP growth rate is projected at 2.5%, driven by strong service and manufacturing sectors.
Wealth Demographics
According to Census (2023), the median household income in Chicago is approximately $70,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Chicago increasingly specialize in real estate and tech investments due to market trends.
Local Considerations
Cost of Living
According to BLS (2024), Chicago's cost of living is rising, with housing costs significantly impacting overall affordability.
Real Estate Market
According to Zillow (2024), Chicago's real estate market shows a 5% increase in home prices year-over-year, indicating strong demand.
Business Environment
According to Fortune (2024), Chicago ranks highly for its business climate, attracting startups and established firms alike.

Top 5 Financial Advisors in Chicago

Serenity Wealth Management
★ ★ ★ ★ ★ 5
Mindful Money Financial Counsel, LLC
★ ★ ★ ★ ★ 5
Arbor Financial Advisors, LLC
★ ★ ★ ★ ★ 5
Peak Wealth Planning
★ ★ ★ ★ ★ 5
DeRose Financial Planning Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Chicago, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Chicago-Specific Expertise
For Chicago residents working in Finance, Technology, Manufacturing, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Chicago's finance and tech sectors face volatility; diversify investments. Real estate prices are high, watch for bubbles. Prepare for winter storms and flooding risks.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Illinois locations

Chicago Aurora Rockford Joliet Naperville Springfield Peoria Elgin