Expertise.com
2024

Last updated:

Best Financial Advisors in Champaign

Our Recommended Top 5

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 Champaign Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

23

Reviewed

15

Curated

5

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
2502 Galen Dr. Suite 102, Champaign, IL 61821
  • Certified Financial Planner (CFP)

Why choose this provider?

Ruedi Wealth is a family-owned company that serves clients in Champaign. It guides individuals on how to manage their investment portfolios and delivers ongoing advice for plan adjustments and emergency consultations. With a focus on retirement planning, its financial advisors serve individuals who are currently retired, transitioning into retirement, and approaching retirement. Founder Paul Ruedi, who has been in the financial advising industry for 38 years, hosts his own twice-a-month radio show on WDWS—"Paul Ruedi’s On-The-Money."

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 (23)

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
1802 Fox Drive, Suite A, Champaign, IL 61820
  • Private Wealth Advisor
  • Retirement Planning

Why choose this provider?

Bluestem Financial Advisors, LLC, serves individuals and families in Champaign. Its team of financial advisors helps clients with retirement, tax, and estate planning. They also provide assistance with investments and insurance plans. The firm is dedicated to understanding clients' values, personal history, and financial goals. Jacob Kuebler, the company's managing partner and senior financial advisor, partnered with Karen Folk in 2011 to establish Bluestem Financial Advisors. He is an adjunct instructor in financial planning.

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
2723 Valley Brook Dr., Champaign, IL 61822
  • Private Wealth Advisor

Why choose this provider?

Founded in 2014 by CFA Peter Newman, Peak Wealth Planning is a financial advisory firm serving Champaign, providing its clients with wealth building and financial planning services. The firm helps clients identify, plan for, and achieve goals such as creating steady income during retirement, investing to take care of loved ones, and minimizing estate taxes while considering family dynamics. It also oversees the development, implementation, and monitoring of the financial plan. Peak Wealth Planning works with real estate investors, business owners, university employees, ESOP participants, and retirees.

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 (11)
Google
5.0 / 5 (10)

Website
2911 Crossing Court Suite 102, Champaign, IL 61822
  • Certified Financial Planner (CFP)

Why choose this provider?

Located in Champaign and Bethany, LifeWise Wealth Advisors offers services such as debt management and college and retirement financial planning. It works by helping clients organize their financial lives, fulfill financial responsibilities, and anticipate and prepare for life changes. The firm is a legacy company that traces its history to veteran and next-generation advisors. Currently, its advisors have a collective experience of over a century. It is affiliated with Cetera Advisor Networks, which executes trades for its 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 (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

Website
301 N. Neil Street, Suite 303, Champaign, IL 61820
  • Certified Financial Planner (CFP)
  • Private Wealth Advisor
  • Tax Preparation

Why choose this provider?

The Tenet Wealth Partners is a financial advisory firm that serves clients in the Champaign metro and the surrounding areas. Focused on achieving every client's financial goals, the firm guides them in mapping out their plans through effective investment strategies and family-oriented solutions. Its advisors offer assistance and guidance in retirement, tax, and estate planning, as well as with their private banking and insurance needs. The company's resource partners include Sanctuary Wealth, Orion, and BNY Mellon.

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

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 can you save for your child's education, and are there any Illinois-specific college savings plans in Champaign?

    You can save for your child's education in Champaign by utilizing a variety of insurance plans available. The most popular is the 529 plan, which can give you both federal and state-level tax benefits, and allows investments to exceed $500,000. Mutual funds and custodial accounts under UGMA/UTMA, Roth IRA, and Qualified U.S. savings bonds are also available for parents. You may seek the services of a financial advisor for more financial insights.

  • If you live in Champaign, what are the best strategies for managing debt effectively?

    A lot of people fall into the trap of being in a debt-driven lifestyle. If you live in Champaign or within the state of Illinois, where the average amount of credit card debt is $6,000, you may have to sit down and think of strategies to avoid being overwhelmed by debt. Two quick ways to address this is to cut back on your expenses and refrain from borrowing more money. You can then set up payment plans for your current bills, loans, and credit cards.

  • Do you need to have a spending plan if you live in Champaign?

    Yes, you need to have a spending plan regardless if you live in Champaign or any other place in the state of Illinois. The first thing you need to determine is how much you earn and the amount of expenses you have. Keep in mind that you always need to consider taxes first before arriving at a net income. From there, you will have a clearer picture of your financial standing and would know if you need to cut back or get an extra income to sustain your lifestyle.

  • What are the best investment options for long-term growth in Champaign?

    If you live in Champaign and in the state of Illinois, there are a lot of choices for the best investment options if you are looking for long-term financial goals. Choosing an investment will also depend on how much risk you are willing to take. Stock markets, mutual funds, bonds, real estate, digital currency, and retirement funds are all available for you to explore. A financial advisor may come helpful to better guide you in your investments.

  • What can you do to improve your credit score if you live in Champaign?

    If you are from Champaign and you want to improve your credit score, you need to monitor your credit report and make sure all the details are correct and up to date. Try to keep your spending in check and your credit card balances low. Keep your bills updated and only apply for credit as needed.

  • 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.