Top 10 financial advisors in Chicago, IL
We've curated a list of the best financial advisors in Chicago, take a look at it below.
| # | Company | Assets under management | Number of advisors | |
|---|---|---|---|---|
| 1 | Assets under management $104,306,134,650 Number of advisors 1700 advisors | |||
| 2 | Assets under management $91,100,458,682 Number of advisors 45 advisors | |||
| 3 | Assets under management $47,918,462,411 Number of advisors 455 advisors | |||
| 4 | Assets under management $40,371,149,166 Number of advisors 383 advisors | |||
| 5 | Assets under management $35,773,505,677 Number of advisors 479 advisors | |||
| 6 | Assets under management $21,811,260,090 Number of advisors 46 advisors | |||
| 7 | Assets under management $15,055,980,837 Number of advisors 92 advisors | |||
| 8 | Assets under management $14,838,963,712 Number of advisors 28 advisors | |||
| 9 | Assets under management $11,202,650,906 Number of advisors 29 advisors | |||
| 10 | Assets under management $8,373,508,701 Number of advisors 114 advisors |
Commitment
We've gathered and simplified publicly available information about financial advisors across the U.S. to help you make informed decisions. While we don't directly connect you with these listed advisors, we do offer a simple, reliable service to match you with trusted, pre-vetted advisors registered on our platform — saving you time and effort.
Get matched with an advisorMethodology
To find the top financial advisors in Chicago, we first identified all firms registered with the SEC in the area. Rather than ranking firms purely by size, we excluded firms that don’t offer financial planning or portfolio management services, ensuring the list is relevant to individuals. We then ranked the remaining firms by assets under management (AUM) and the services they provide.
Comparing a company's EPS to industry averages and historical data provides a more comprehensive perspective. Still, other factors must also be considered, including the company’s growth prospects, industry dynamics, and the competitive landscape.
Hightower Advisors, LLC
Hightower Advisors, LLC is a financial advisory firm based in Chicago, Illinois. It currently has approximately $104,306,134,650 of assets under management and employs about 1700 people. Hightower Advisors, LLC uses a fee structure of a percentage of assets under your management, hourly charges, fixed fees, commissions and retainer or service fees or some combination of 1, 2, 4, 5 & 7.
$104,306,134,650 under management
1700 advisors
Fee structure
A percentage of assets under your management
Hourly charges
Fixed fees
Commissions
RETAINER OR SERVICE FEES OR SOME COMBINATION OF 1, 2, 4, 5 & 7
Services offered
Financial Planning Services
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Selection Of Other Advisers
Treasury Management For Corporate Clients
Lsv Asset Management
LSV Asset Management, established in October 1994, specializes in providing discretionary investment management services for institutional investors and commingled investment funds. The firm manages portfolios of publicly traded global equity securities using a proprietary quantitative model. LSV offers model portfolios and had approximately $91 billion in discretionary assets under management as of December 31, 2024. For fees, LSV's standard managed account investment management fee schedules vary based on asset size and range from 30 to 150 basis points. The minimum account size typically ranges from $10 million to $100 million, with the firm accepting smaller investments on a case-by-case basis. LSV acts as a fiduciary and is a signatory to the Principles for Responsible Investment (PRI), incorporating environmental, social, and governance (ESG) factors into its investment decision-making processes. The firm does not engage in securities lending and does not take physical custody of client assets. LSV's proxy voting responsibilities are managed by an independent third party, Glass Lewis & Co., with a focus on voting in the best interests of clients. The firm's Code of Ethics ensures high ethical standards and compliance with regulatory requirements.
$91,100,458,682 under management
45 advisors
Fee structure
A percentage of assets under your management
Performance-based fees
ASSET-BASED FEE FOR PROVISION OF MODEL PORTFOLIOS
Services offered
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Investment Companies
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Provision Of Model Portfolios To Clients Who Are Model Advisers
Cibc Private Wealth Advisors, Inc.
Cibc Private Wealth Advisors, Inc. is a financial advisory firm based in Chicago, Illinois. It currently has approximately $47,918,462,411 of assets under management and employs about 455 people. Cibc Private Wealth Advisors, Inc. uses a fee structure of a percentage of assets under your management, fixed fees and performance-based fees.
$47,918,462,411 under management
455 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
Services offered
Financial Planning Services
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Investment Companies
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Selection Of Other Advisers
Index Provider
Cresset Asset Management, LLC
Cresset Asset Management, LLC is a financial advisory firm based in Chicago, Illinois. It currently has approximately $40,371,149,166 of assets under management and employs about 383 people. Cresset Asset Management, LLC uses a fee structure of a percentage of assets under your management, fixed fees and performance-based fees.
$40,371,149,166 under management
383 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
Services offered
Financial Planning Services
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Pension Consulting Services
Selection Of Other Advisers
Educational Seminars/workshops
Tax Services, Bookkeeping, Financial Reporting, Clerical Assistance In Other Financial Matters
Envestnet Portfolio Solutions, Inc.
Envestnet is a financial services firm with a comprehensive privacy program designed to protect personal information ethically and in compliance with laws and client expectations. The firm collects personal information from clients, financial advisors, institutions, and third-party data providers for the purpose of servicing financial accounts, providing financial planning resources, and enhancing financial wellness. Personal information collected includes identifiers, customer records, classification characteristics, commercial information, internet activity, geolocation data, sensory data, and inferences from personal information. Envestnet does not sell personal information but may share it with corporate affiliates, service providers, financial services companies, and other third parties for business purposes. The firm implements measures to protect collected personal information and retains it for statutorily required periods or as necessary for business purposes. Clients have rights to request access, deletion, and portability of their personal information. Envestnet uses technologies like cookies and pixel tags for tracking and identification purposes, with options for users to opt out. The privacy policy is periodically reviewed and subject to updates, with the current version effective from December 2, 2024.
$35,773,505,677 under management
479 advisors
Fee structure
A percentage of assets under your management
Subscription fees
Fixed fees
A PERCENTAGE OF ASSETS OR REVENUES UNDER OUR CLIENTS' MANAGEMENT
Services offered
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Selection Of Other Advisers
Aam
Aam is a financial advisory firm based in Chicago, Illinois. It currently has approximately $21,811,260,090 of assets under management and employs about 46 people. Aam uses a fee structure of a percentage of assets under your management, fixed fees and performance-based fees.
$21,811,260,090 under management
46 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
Services offered
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Selection Of Other Advisers
Great Lakes Advisors, LLC
Great Lakes Advisors, LLC is a financial advisory firm based in Chicago, Illinois. It currently has approximately $15,055,980,837 of assets under management and employs about 92 people. Great Lakes Advisors, LLC uses a fee structure of a percentage of assets under your management, fixed fees, performance-based fees and fulcrum fee; asset-based fee contingent on performance.
$15,055,980,837 under management
92 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
FULCRUM FEE; ASSET-BASED FEE CONTINGENT ON PERFORMANCE
Services offered
Financial Planning Services
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Investment Companies
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Selection Of Other Advisers
Envestnet Retirement Solutions, LLC
Envestnet Retirement Solutions, LLC, established in 2013, specializes in providing investment management and advisory services to retirement plan sponsors and registered investment advisers. The firm offers discretionary and non-discretionary investment advice to over 4,700 plans with $14.5 billion in assets under management as of December 31, 2024. Envestnet Retirement Solutions acts as a fiduciary under ERISA, providing services such as investment policy statement templates, investment option reviews, and asset allocation services. The firm offers various programs, including Plan Sponsor Fiduciary Services, Discretionary and Non-Discretionary Fiduciary Services, Custom Asset Allocation Services, and Envestnet Retire Complete. Clients can access diversified asset allocated portfolios and personalized retirement accounts managed by Envestnet. The firm does not charge performance-based fees and does not custody client assets. Envestnet Retirement Solutions does not vote proxies on behalf of clients and does not engage paid solicitors for client referrals. The firm's fee structure varies based on the services provided, with fees typically paid by the plan sponsor. Envestnet Retirement Solutions does not have any disciplinary actions to disclose and does not receive soft-dollar benefits. Clients are responsible for directing the manner in which proxies are voted and making decisions regarding their investments.
$14,838,963,712 under management
28 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Services offered
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Pension Consulting Services
Selection Of Other Advisers
Interactive Internet-based Asset Allocation Models & Mutual Funds
Mainstreet Advisors
MainStreet Investment Advisors, LLC, established in 2003, is a registered investment advisor specializing in discretionary and non-discretionary investment advisory services. The firm caters primarily to trust and wealth management organizations, offering fiduciary services such as Separate Account Management (SAM), Fund Allocation Portfolios (FAP), and Automated Portfolio Solutions (APS). MainStreet charges asset-based fees ranging from 20 to 32 basis points for Fiduciary Services, and negotiable fees for Individual Advisory Services. The firm does not charge performance-based fees or manage proprietary funds. MainStreet's investment analysis includes fundamental, macroeconomic, and technical analysis, utilizing third-party research services. Clients are periodically reviewed for compliance with investment objectives, and reports are provided at least quarterly. MainStreet does not accept custody of client assets and does not vote on client securities proxies. The firm maintains a Code of Ethics, ensuring compliance with regulatory obligations and client fiduciary duties. MainStreet does not receive soft dollar payments and does not participate in client referral fee arrangements. The firm does not have any financial impairment affecting its ability to meet contractual commitments.
$11,202,650,906 under management
29 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
Services offered
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Publication Of Periodicals Or Newsletters
Zacks Investment Management, Inc.
Zacks Investment Management, Inc. is a financial advisory firm based in Chicago, Illinois. It currently has approximately $8,373,508,701 of assets under management and employs about 114 people. Zacks Investment Management, Inc. uses a fee structure of a percentage of assets under your management, fixed fees and performance-based fees.
$8,373,508,701 under management
114 advisors
Fee structure
A percentage of assets under your management
Fixed fees
Performance-based fees
Services offered
Financial Planning Services
Portfolio Management For Individuals And/or Small Businesses
Portfolio Management For Investment Companies
Portfolio Management For Pooled Investment Vehicles
Portfolio Management For Businesses (other Than Small Businesses) Or Institutional Clients (other Than Registered Investment Companies And Other Pooled Investment Vehicles And)
Creates And Manages Quantitative Investment Models That Are Licensed To Sponsors Of Uits And Etfs
Commitment
We've gathered and simplified publicly available information about financial advisors across the U.S. to help you make informed decisions. While we don't directly connect you with these listed advisors, we do offer a simple, reliable service to match you with trusted, pre-vetted advisors registered on our platform — saving you time and effort.
Get matched with an advisorMethodology
To find the top financial advisors in Chicago, we first identified all firms registered with the SEC in the area. Rather than ranking firms purely by size, we excluded firms that don’t offer financial planning or portfolio management services, ensuring the list is relevant to individuals. We then ranked the remaining firms by assets under management (AUM) and the services they provide.
Top advisors in Illinois
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