Expertise.com
2024

Last updated:

Best Financial Advisors in Bloomington

Our Recommended Top 7

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Bloomington Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

24

Reviewed

17

Curated

7

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Bloomington, IL
  • Estate Planning
  • Financial Planning
  • Retirement Planning
  • Investment Management

Why choose this provider?

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

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

Bloomington, IL

Why choose this provider?

Need help contacting a Financial Advisor in Bloomington? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

Website
203 Landmark Dr Unit A, Normal, IL 61761

Why choose this provider?

McBeath Financial Group serves Bloomington, offering assistance to individuals looking to get their wealth and investments in order. Its team guides clients through complex financial decisions, employing computer algorithms to form reports and projections. It also assists with estate planning, forming wealth transfer strategies, and strategizing taxes to be paid in retirement. The firm's founder and president, Krista McBeath, is a Chartered Financial Consultant and a member of the National Association of Insurance and Financial Advisors.

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.
4.9
Google
4.9 / 5 (55)
Yelp
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.
1.8
Responsiveness
Friendliness
––
Helpfulness
Detail

Website
3807 General Electric Road, Suite 2, Bloomington, IL 61704
  • Certified Financial Planner (CFP)

Why choose this provider?

Douglass Financial Services has been serving the Bloomington community for more than 30 years. It assists individuals, families, and businesses in tax and distribution planning, investment management, legacy planning, and cash flow and income planning. Its team of professionals provides investment advisory services by creating a customized plan which considers the client's tolerance for market volatility. The firm's senior partner, Darrell Douglass, is a member of the Financial Services Institute and serves as a representative for Cambridge Investment Research, Inc.

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)

Website
2712 McGraw Drive, Bloomington, IL 61704
  • Certified Financial Planner (CFP)
  • Investment Management
  • Financial Planning

Why choose this provider?

New Perspectives Financial Services, LLC, helps the residents of Bloomington and the surrounding areas gain financial success through financial planning. The process involves knowing a client’s visions and financial situation to provide appropriate recommendations. The firm also uses Morningstar, an investment analytic tool, to analyze a client’s investments. New Perspectives Financial Services also offers life and survivorship insurance products. Founder Kevin Kuebler has more than 18 years of experience. He is a Certified Financial Planner.

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)

Website
2404 E. Empire St., Suite 213-215, Bloomington, IL 61704
  • Insurance Products
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Established in 1997, Prairie Capital Management is a financial planning firm serving clients in the Bloomington area. Owner Tim Hohulin has been in the financial services industry since 1982, catering to the needs of individuals and businesses. He holds various designations, including CLU, CASL, and ChFC. His financial planning services cover both advisor- and self-guided financial planning. Hohulin also offers advisory services for individual retirement and non-retirement accounts, in addition to annuities and brokerage solutions.

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
Helpfulness
Detail

Website
1410 Woodbine, Suite 4, Bloomington, IL 61704
  • Estate Planning
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Established in 1988, Falstad & Associates Financial Services has been providing financial planning solutions to individuals, families, and small businesses in Bloomington. Its investment services include asset protection, financial planning, college strategies, and retirement strategies. It also offers life insurance products to address the clients' health care needs and protect their loved ones from financial hardships caused by loss of life or serious illness and injuries. Managing partner Peter Falstad is a member of Rotary International.

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 (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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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.

  • How do financial advisors help the residents of Bloomington avoid cryptocurrency scams?

    Financial advisors in Bloomington can assist clients in avoiding cryptocurrency scams by providing guidance on best practices. They can emphasize the importance of conducting thorough research, verifying website authenticity, protecting personal information, and being cautious of unrealistic promises. They recommend reputable exchanges and wallets, promote staying informed about the latest trends, and offer resources such as joining online forums and following industry experts. By following these steps, clients can safeguard their investments with confidence.

  • Are there organizations overseeing financial advisors in Bloomington?

    Bloomington has regulatory bodies overseeing financial advisors to prevent hidden charges and make sure they adhere to the regulations. Notably, the Illinois Department of Financial and Professional Regulation, a state agency, ensures that advisors adhere to licensing prerequisites and ethical norms. The Financial Industry Regulatory Authority also safeguards consumers from unethical practices and concealed fees, promoting transparency in financial advisory services.

  • How can financial advisors in Bloomington help reduce your tax liabilities?

    A financial advisor in Bloomington can help you minimize your tax burden through strategic financial planning and maximizing tax savings by contributing the maximum to a pre-tax 401K. Additionally, they can keep track of your capital gains and losses, providing accurate records for tax filing. They can also strategize gifting options to minimize tax penalties and offer guidance on tax-efficient investment strategies, including tax-loss harvesting and managing tax liabilities during retirement distributions.

  • Why should you consider moving retirement funds when leaving an employer in Bloomington?

    There are compelling reasons to transfer retirement funds upon leaving an employer in Bloomington. You can maintain your tax-deferred status by rolling over a 401(k) into an IRA with Heartland Bank. This transition also grants access to diverse investment options through experienced managers, offers personalized solutions from wealth advisors, simplifies portfolio management, and eliminates the need to handle multiple workplace accounts while changing jobs.

  • How can financial advisors help citizens in Bloomington with budgeting and cash flow strategy?

    Financial advisors in Bloomington create a customized cash flow statement to help determine the surplus income left after total expenses, enabling clients to gauge their financial situation regardless of age. With various calculation frequencies, such as weekly, monthly, quarterly, or annually, individuals can track their net cash flow and identify areas for improvement.

  • 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.