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Best Financial Advisors in Cicero

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Cicero, 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
Responsiveness
Friendliness
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Detail
––

Price: Free consultation

Brian Plain logo
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Brian Plain

224 S Marion St, Oak Park, IL 60302
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  • Financial Planning

Business Description

Brian Plain is a financial planner serving Cicero, providing individuals and families with online advisory services. Throughout four to five initial online meetings, he consults with clients to establish a flexible framework of financial action items coupled with estimated timeframes for each item. He maintains communications with clients to provide ongoing guidance and recommended adjustments to their flexible framework according to their current progress. Plain has been serving clients for over 10 years. He 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.
5.0
Google
5.0 / 5 (1)
Chicago Partners Wealth Advisors logo
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Chicago Partners Wealth Advisors

1 N. Wacker Drive, Suite 4075, Chicago, IL 60606
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Business Description

Chicago Partners Wealth Advisors provides financial management solutions to clients in and around Cicero. The financial advisory firm's wealth management services include investment management, tax support, and financial planning. Its advisors have personal finance, financial analysis, and public accounting skills, and they hold designations such as CPA, CFA, and CFP, as well as JD and CAIA. The firm's clients include investors, foundations, and high-net-worth individuals. Jim Hagedorn, the firm's founder, is a Chartered Financial Analyst with over two decades of wealth management 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.
4.9
Facebook
4.9 / 5 (32)
Google
5.0 / 5 (13)

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
DeRose Financial Planning Group logo
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DeRose Financial Planning Group

8755 West Higgins Road, Suite 200, Chicago, IL 60631
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  • Certified Financial Planner (CFP)

Business Description

Founded in 1996, DeRose Financial Planning Group provides holistic financial advice and investment management in the Cicero metro. For individuals, the firm helps with various financial planning according to their needs, such as retirement, education, estate, wealth, and multigenerational. It also helps small businesses in succession planning, retirement plans, and group benefit planning. Karen DeRose, the president and managing partner is a Certified Financial Planner. The firm was awarded by the Chicago Daily Herald as "Best Financial Planner and Wealth Management" in 2018.

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 (13)
Mindful Money Financial Counsel, LLC logo
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Mindful Money Financial Counsel, LLC

564 W Randolph St. Suite 200, Chicago, IL 60661
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  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

Established in 2010, Mindful Money Financial Counsel, LLC, is a firm that caters to clients in the Cicero metro and the surrounding communities. It offers a wide array of services, such as assessments, resources allocation, personal economy reviews, financial analyses, and tax and debt recommendations. Colin Chase, the founder, brings more than 18 years of experience in the financial services industry. He holds a Master's degree in Business Administration and 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.
5.0
Yelp
5.0 / 5 (29)

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
Piershale Financial Group Inc. logo
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Piershale Financial Group Inc.

1531 S. Grove Avenue, Barrington, IL 60010
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  • Retirement Planning
  • Wealth Management

Business Description

Piershale Financial Group Inc. is a team of financial professionals serving clients in Cicero and the surrounding metros. Its wealth management service includes monitoring client portfolios, conducting regular performance meetings, and providing up-to-date tax solutions. The advisors from this firm also help manage the financial risks caused by disability, retirement, and long-term care. Michael Piershale, the company's president, has over 30 years of industry experience. He has a weekly radio broadcast called “The Money Hour Radio”.

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.
4.6
Google
4.6 / 5 (67)

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
Pillar Financial Advisors, LLC. logo
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Pillar Financial Advisors, LLC.

224 South Marion Street, Oak Park, IL 60302
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

Pillar Financial Advisors, LLC is a firm serving Cicero. It offers personalized services, focusing on financial planning, insurance, and investments. It assists clients in developing plans to help them achieve their financial goals, such as preparing for retirement. It educates them on the products and services available that help best utilize their funds. Its investment products include bonds, common stocks, and IRAs. It also offers college, retirement, and tax planning. In addition, it offers disability income and life insurance.

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 (3)

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
Providence Wealth Advisors, LLC logo
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Providence Wealth Advisors, LLC

5225 West 25th Street, Cicero, IL 60804
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  • Financial Planning
  • Wealth Management

Business Description

Established in 2010, Providence Wealth Advisors, LLC offers financial planning to the locals of Cicero. The firm helps its clients establish a budget and estimate a financial safety net; calculate their expenses to save up for college, retirement, pay off debts, and buy a home; and prepare for life events such as caring for aging parents and estate planning. Douglas DeGroot, the executive vice president, is a Certified Financial Planner who's been in the industry for 30 years, specializing in wealth management.

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
Quinn Financial Planning, LLC logo
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Quinn Financial Planning, LLC

9501 W. 144TH Place, Suite 300E, Orland Park, IL 60462
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  • Financial Planning
  • Wealth Management

Business Description

Quinn Financial Planning, LLC, is a fiduciary firm that serves clients in Cicero and the surrounding areas. Taking risk tolerance and the needs of the clients into consideration, it provides advice on many aspects of asset management, retirement planning, and tax planning strategies. In practice for over three decades, founder Timothy Quinn is a Certified Financial Planner and a registered investment advisor. His clients typically include middle-income individuals, medical professionals, ultra-high net worth business owners, and divorced or widowed individuals.

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
Serenity Wealth Management logo
Visit WebsiteWebsite

Serenity Wealth Management

333 South Wabash Avenue Suite 2700, Chicago, IL 60604
Visit WebsiteWebsite
  • Finance Planning
  • Financial Planning

Business Description

Serenity Wealth Management is a financial advisory firm serving Cicero. It helps clients develop a financial plan tailored to their specific needs and circumstances. It educates them on the products and services available to them to achieve their financial goals. It provides services related to bonds, ETFs, mutual funds, and stocks for individuals. Other services include 401(k) and 403(b) business plans. It also offers disability income, life, and long-term care insurance.

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 (27)
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
Vermillion Financial Advisors, Inc. logo
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Vermillion Financial Advisors, Inc.

16 Executive Court, Suite 3, South Barrington, IL 60010
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  • Estate Planning
  • Wealth Management

Business Description

Vermillion Financial Advisors, Inc., serves clients throughout the Cicero area. It provides a comprehensive range of financial planning services, including retirement, investment, cash flow, tax, estate, and insurance planning. It also assists clients in major purchase and event planning, guiding them in making smarter, planned purchasing and selling decisions. The company has been serving clients since 1988. Mark LaSpisa, co-founder and managing advisor, assists high-net-worth clients with over $1 million in assets. He has been featured in Forbes and Bloomberg Wealth Manager.

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
Google
5.0 / 5 (33)
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
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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