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Best Financial Advisors in Bolingbrook

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Bolingbrook, 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.

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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

4D Financial Advisors, LLC logo
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4D Financial Advisors, LLC

1717 N. Naper Blvd. #205, Naperville, IL 60563
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  • Certified Financial Planner (CFP)

Business Description

4D Financial Advisors, LLC, serves clients in Bolingbrook. Its team assists individuals and families with creating a financial plan to meet their current and future needs. This covers organizing cash flow, getting appropriate insurance plans, and preparing for retirement that can sustain needs during a client's golden years. The firm also helps set up and manage investment portfolios to achieve long-term financial goals. Founder Jeff Dvorak is a Certified Financial Planner and a Certified Private Wealth Advisor.

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
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Axis Wealth Advisors logo
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Axis Wealth Advisors

436 Berry Dr., Naperville, IL 60540
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  • Certified Financial Planner (CFP)

Business Description

Axis Wealth Advisors is a financial firm that serves clients in the Bolingbrook area. It provides advice in creating plans for wealth management. Its process includes an analysis of financial data and personal values and constructing and designing a plan using comprehensive financial planning software tools from eMoney. The firm also assists in building account applications, following up on loose ends, and monitoring and adjusting the plans depending on the circumstances. Axis Wealth Advisors was founded in 2016 by Kevin Merling, a Certified Financial Planner.

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
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DHJJ Financial Advisors logo
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DHJJ Financial Advisors

184 Shuman Blvd, Suite 200, Naperville, IL 60563
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  • Certified Financial Planner (CFP)

Business Description

DHJJ Financial Advisors provides customized services to clients in the Bolingbrook area. It offers financial planning solutions that are based on a full-holistic strategy incorporating individual income tax planning with investment management. It provides options for asset management, estate planning, divorce financial planning, retirement planning, and charitable giving strategies. The company also assists with Roth IRA conversion strategies and corporate 401(k) plans. DHJJ Financial Advisors is headed by Samantha Bonamassa, a member of the Chicago Financial Women organization.

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
Facebook
5.0 / 5 (6)

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
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F5 Financial logo
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F5 Financial

50 South Main Street, Suite 200, Naperville, IL 60540
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  • Tax Preparation
  • Financial Planning

Business Description

F5 Financial provides Bolingbrook residents, families, and business owners with financial planning services. It utilizes known investment market trends to help clients improve their portfolios, implementing strategies that balance cash flow and assets for investing with portfolio liquidity. It also offers retirement planning services, with its staff working on aspects ranging from cash flow budgeting and insurance risk management to estate planning and wealth transfer strategies. Company president Curt Stowers holds the Certified Financial Planner designation.

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
3.7 / 5 (3)
Yelp
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
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Fiduciary Financial Partners logo
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Fiduciary Financial Partners

1250 E. Diehl Road, Suite 404, Naperville, IL 60563
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Fiduciary Financial Partners caters to clients in the Bolingbrook area. The firm offers private wealth management services that help individuals and families with short-term and long-term expenses. These include creating budget plans, choosing insurance policies, and setting up estates for clients' beneficiaries. Its advisors also assist in managing debt and selecting investments that suit an individual's risk tolerance. Company co-founder and managing principal Nicholas Economos has more than 25 years of financial industry experience.

M. Brown Financial Advisors logo
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M. Brown Financial Advisors

2728 Forgue Drive, Suite 100, Naperville, IL 60564
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  • Certified Financial Planner (CFP)
  • Insurance Products
  • Investment Management
  • Financial Planning

Business Description

Established in 2006, M. Brown Financial Advisors is an independent firm that serves individuals, families, and businesses in Bolingbrook and the surrounding areas. With more than 90 years of collective experience, its team assists in crafting customized financial plans that involve retirement plans, insurance programs, college funding, tax strategies, and wealth management strategies. In the financial services industry for more than 30 years, founder Mark Brown holds Accredited Investment Fiduciary and Certified Financial Planner designations.

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)
Facebook
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
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Detail
Millington Financial Advisors logo
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Millington Financial Advisors

222 South Mill Street, Naperville, IL 60540
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Millington Financial Advisors provides Bolingbrook residents with various wealth management and financial advisory services. Its scope of work includes helping develop and maintain retirement and estate plans, assisting clients in managing their investment portfolios, and handling tax preparation for high net worth clientele. Legacy planning services are also available, with its financial advisors assisting individuals and families in utilizing charitable giving strategies for tax benefits. Charles G. Millington, one of the company's advisors, holds the Certified Financial Planner and Certified Estate Planner designations.

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
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Detail
NorthStar Wealth Group logo
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NorthStar Wealth Group

6435 Main St Ste 160, Woodridge, IL 60517
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  • Certified Financial Planner (CFP)

Business Description

NorthStar Wealth Group offers its legal services to clients in the Bolingbrook metro. The private advisory firm provides financial advisory services covering advice for cash flow, education and retirement savings, estate, and tax planning, and compensation and executive benefits. It also offers insurance and annuity solutions and advanced investments using comprehensive strategies that fit planning needs. Gabriel Chavez, its private wealth advisor, is a CFP with 17 years of experience in the financial advisory industry.

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
Facebook
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
Prairie Investment Advisors, LLC logo
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Prairie Investment Advisors, LLC

1813 North Mill Street, Suite G, Naperville, IL 60563
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  • Certified Financial Planner (CFP)

Business Description

Prairie Investment Advisors, LLC, is a company that helps individuals and families in Bolingbrook through financial planning and investment management. It has also provided asset management services for public foundations, trade associations, churches, and charities. Its primary services are financial planning, investment management, and consulting. It helps clients by identifying their priorities, reviewing their current investments, and creating a customized portfolio. Sharon A. Adelman, the company's founder, has more than two decades of experience in finance and business management.

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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Professional Wealth Advisors LLC logo
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Professional Wealth Advisors LLC

2651 Warrenville Road Suite 200, Downers Grove, IL 60515
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  • Estate Planning
  • Tax Planning

Business Description

Founded in 2015, Professional Wealth Advisors LLC is an independent management firm serving the Bolingbrook metro. It caters to individuals, business owners, executives, endowments, and foundations. The company offers a wide range of investment and retirement planning services, including asset allocation, portfolio review, business succession planning, and IRA conversion. Its financial advisors also deal with debt management, emergency funding, dollar-cost averaging, and estate planning. Professional Wealth Advisors' team brings over 80 years of combined industry experience.

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
Pulse Financial Services logo
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Pulse Financial Services

6040 Rt. 53, Suite A, Lisle, IL 60532
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  • Finance Planning

Business Description

Pulse Financial Services is a family-owned and family-operated business that serves clients in Bolingbrook. It helps individuals, pre-retirees, retirees, and business owners in attaining their financial objectives. Its wealth advisors examine the unique needs and goals of clients to create customized financial plans. Its founder, Rick Umbach, established the firm in 2004. After spending 30 years helping hundreds of clients, he transferred ownership and management to his children, Andy Umbach and Stephanie Anderson, in 2016.

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
Facebook
5.0 / 5 (7)

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
Riverstone Wealth Partners LLC logo
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Riverstone Wealth Partners LLC

606 Riverside Avenue, St.Charles, IL 60174
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  • Certified Financial Planner (CFP)

Business Description

Riverstone Wealth Partners LLC is an asset management firm that serves the Bolingbrook metro and the surrounding areas. The firm assists in developing investment strategies, diversifying investments, identifying existing risks, implementing tax-sensitive income and growth portfolios, and monitoring financial plans in order to achieve its clients' financial objectives. The firm is a registered partner of Commonwealth Financial Network. One of its registered principal wealth advisors, Jodi L. Manthei, is an Accredited Investment Fiduciary and is registered in 23 different states.

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
Shankland Financial Advisors LLC logo
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Shankland Financial Advisors LLC

24014 W Renwick Rd Ste 105, Plainfield, IL 60544
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  • Financial Planning

Business Description

Shankland Financial Advisors LLC is an independent firm that serves Bolingbrook. Its team offers risk management and asset protection services. The financial planners also address concerns involving pension plans, IRA rollovers, and 401(k)s. In addition, they manage variable annuity accounts and investment portfolios, working with clients' legal and tax professionals in the process. Shankland Financial Advisors is headed by Daryl Shankland, who has been providing investment advisory services since 1980. She is regularly featured on radio and television shows for her commentary on financial matters.

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.
4.3
Google
4.5 / 5 (2)
Yelp
4.0 / 5 (1)
Wealthbridge Financial Advisors logo
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Wealthbridge Financial Advisors

805 Plainfield Rd, Suite 217C, Darien, IL 60561
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  • Certified Financial Planner (CFP)

Business Description

Wealthbridge Financial Advisors caters to clients in Bolingbrook. Its wealth management services help people fund short-term and long-term expenses with a financial plan that covers the management of cash flow, along with preparing for retirement with a stable and sustainable income. They also assist clients with choosing investments, ranging from safe government bonds to more risky stocks. Founder Tim Randle is a Certified Financial Planner and Chartered Financial Consultant with more than 15 years of industry 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
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Helpfulness
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Frequently Asked Questions

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.

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.

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 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.

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.

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.

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 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.

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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