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Best Financial Advisors in Arlington Heights

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Arlington Heights, IL
  • Estate Planning
  • Investment Management
  • Financial Planning
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

APC Financial Group, Ltd. logo
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APC Financial Group, Ltd.

1150 W. Northwest Highway Suite A, Mount Prospect, IL 60056
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  • Financial Planning

Business Description

APC Financial Group serves the community of Arlington Heights. Established in 1993, it provides financial advisory services, covering mutual funds, savings, pensions, Social Security, managed assets, and annuities. It also helps people protect themselves and their families through disability policies, life insurance, and long-term care plans. In addition, its professionals offer advice in tax planning, which includes personal, corporate, partnership, and trust tax strategies. Founder Anthony Canonaco has been a Top Financial Advisor awardee of Cetera Financial Specialists since 2010.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (22)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Baldwin Financial Advisors logo
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Baldwin Financial Advisors

301 S Burton Pl, Arlington Heights, IL 60005
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  • Financial Planning

Business Description

Baldwin Financial Advisors is a registered investment advisory firm that serves the residents of Arlington Heights and the surrounding areas. It helps clients navigate their financial future through investment-optimized financial strategies, insurance recommendations, and retirement planning. Its process includes working with clients' accountants, attorneys, and trustees. Managing director Kate B. Leipprandt authored a textbook entitled the "ABA Financial Planning Workbook." She was featured in U.S. News and World Report, Business Week, and Working Woman.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Bussenger Financial Group logo
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Bussenger Financial Group

21925 Field Parkway Suite 205, Deer Park, IL 60010
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  • Estate Planning
  • Financial Planning

Business Description

Bussenger Financial Group is an advisory firm serving clients in Arlington Heights. Its advisors guide clients on their major financial decisions and help determine if current strategies are aligned with their goals today and in the future. They also assist clients in planning for their finances, retirement, investments, income, taxes, and estates. The company's president and founder, Lisa Bussenger, has been trained by Ed Slott's Master Elite IRA Advisor Group. She has also been a member of the Cary-Grove Chamber of Commerce for 11 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Facebook
5.0 / 5 (9)
Google
4.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Financial Elements Inc. logo
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Financial Elements Inc.

1861 Hicks Road, Suite D, Rolling Meadows, IL 60008
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  • Certified Financial Planner (CFP)

Business Description

Financial Elements Inc. is a financial planning and investment advisory firm serving clients in Arlington Heights. It assists clients in determining priorities and creating plans and strategies that will work today and in the future. It offers services regarding retirement, estate, gifting, insurance, and long-term care needs. The firm continues to monitor and rebalance each client's asset allocation based on expected and unexpected events. Financial Elements is a member of The Financial Planning Association and the NAPFA.

Jeffrey C. Simon logo
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Jeffrey C. Simon

150 W Campbell Street, Arlington Heights, IL 60005
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  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning

Business Description

Jeffrey C. Simon serves clients in Arlington Heights. Simon is a financial advisor with Wells Fargo Advisors. Since 1994, he has been assisting clients through the process of planning and implementing financial strategies designed to improve and secure assets and wealth. He can help with curating custom-tailored retirement, savings, estate, and business plans based on each client's unique needs and goals. He can also assist with investment and risk management matters. Simon is one of the board members of the Chicago Lions Charitable Association.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Page Financial Advisors logo
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Page Financial Advisors

21 S. Derbyshire Ln, Arlington Heights, IL 60004
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  • Certified Financial Planner (CFP)

Business Description

Page Financial Advisors, Inc. is a wealth management firm providing financial consultancy services to clients in Arlington Heights. With help from its local referral network of lawyers, accountants, and financial professionals, the company assists customers with planning for taxes, businesses, retirements, and estates. After thoroughly understanding the client's financial situation, it advises on risk management and asset allocation to help them work toward their goals. David Page has over 30 years of financial advisory experience. He founded the firm in 1998.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Facebook
4.7 / 5 (462)
Platania Financial Inc. logo
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Platania Financial Inc.

2 West Northwest Highway, Arlington Heights, IL 60004
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Platania Financial Inc. has been providing services in the Arlington Heights metro and nearby areas for 30 years. It helps families and individuals achieve financial security through its range of services, including emergency funding, income and expense analysis, asset allocation, and Roth conversion. The company also offers risk tolerance and behavioral analysis, retirement and estate planning, and insurance solutions. Its president, Jim Platania, has been in the financial services industry since 1982. He obtained his CFP designation in 1986.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
synergisticfinancial.com logo
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synergisticfinancial.com

85 W. Algonquin Road, Suite 395, Arlington Heights, IL 60005
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  • Certified Financial Planner (CFP)

Business Description

The Synergistic Financial Center serves clients in Arlington Heights. It helps people who want to learn how to manage their finances better. Its team works with individuals on organizing their cash flow for current and future needs, along with creating retirement plans with sustainable income during their golden years. The company also gives advice on investment portfolios that suit a client's risk tolerance and goals. President Brian Wegrzyn is a Certified Financial Planner with more than three decades of experience.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Detail
Vantage Financial logo
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Vantage Financial

Nine North Vail Avenue, Arlington Heights, IL 60005
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  • Certified Financial Planner (CFP)

Business Description

Vantage Financial is an independently owned wealth management firm based in Arlington Heights. It serves individuals and families nationwide, employing a relational approach that fosters long-term client relationships. The firm uses planning-led strategies that uncover its clients' financial situation. The information it gathers helps it create tailored plans that address the clients' financial targets which include risk management and asset growth. Vantage Financial brings decades of professional experience since its founding in 1989. It currently serves 400 clients throughout the country and around the world.

Woodfield Financial Advisors logo
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Woodfield Financial Advisors

21660 Field Parkway Suite 290, Deer Park, IL 60010
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Woodfield Financial Advisors is a firm that has been serving clients in Arlington Heights for more than 39 years. It offers a wide range of financial planning services to individuals and business owners. These services include business owners' advisories, investment strategies, tax management, insurance planning, and retirement planning. It has a team that has more than 41 years of combined experience. Founder James B Dobbs leads the team of Certified Financial Planners. He uses his business ownership experience to help his clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (25)
Yelp
5.0 / 5 (7)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
World Equity Group logo
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World Equity Group

1650 N. Arlington Heights Rd. Suite 100, Arlington Heights, IL 60004
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  • Certified Financial Planner (CFP)

Business Description

World Equity Group serves clients in and around the Arlington Heights community. This financial advisory firm provides a comprehensive suite of services, including strategic family wealth planning, retirement income distribution, full-service investment banking, risk and management, and investment oversight services. This fully independent firm offers clients a broad range of financial products to provide them with more solutions for their specific situations and financial goals. Robert D. Yarosz, the owner, has been in the financial industry for 36 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
5.0 / 5 (3)
Facebook
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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