Best Financial Advisors in Hoffman Estates

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
60+
Advisors
4.9/5.0
Average Rating

Hoffman Estates Financial Landscape

The economy of Hoffman Estates is characterized by a mix of retail, healthcare, and technology sectors. Its proximity to Chicago enhances its appeal for businesses and residents alike.

Major industries
Retail, Healthcare, Technology
Population
52.4K (metro: 9.5M)
Median household income
$86,000
Unique needs
Hoffman Estates requires tailored financial advice due to its diverse economy and suburban dynamics.
Market Insights
Economic Growth
According to BEA (2023), Hoffman Estates has seen a steady economic growth rate of 3.2% annually, driven by retail and healthcare expansions.
Wealth Demographics
According to Census (2023), the median household income in Hoffman Estates is $86,000, reflecting a stable and affluent community.
Advisor Specializations
Based on BLS (2023), financial advisors in Hoffman Estates are increasingly specializing in retirement planning and real estate investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Hoffman Estates is approximately 10% lower than the national average, making it an attractive option for families.
Real Estate Market
According to Zillow (2024), the real estate market in Hoffman Estates is competitive, with home prices rising by 5% over the past year, indicating strong demand.
Business Environment
According to Fortune (2024), Hoffman Estates offers a favorable business climate with low taxes and incentives for startups, promoting local economic development.

Top 5 Financial Advisors in Hoffman Estates

The Dala Group
★ ★ ★ ★ ★ 5
L & M Financial Services, Inc.
★ ★ ★ ★ ★ 5
SIS Financial Group
★ ★ ★ ★ ★ 5
Wisdom Investments
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Becky Kwong, ABFP®|AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Hoffman Estates, 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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Hoffman Estates-Specific Expertise
For Hoffman Estates residents working in Retail, Healthcare, Technology, 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
Hoffman Estates faces risks from tech sector concentration and potential housing market bubbles. Tornadoes and flooding are concerns; diversify investments to mitigate economic volatility.

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