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Best Financial Advisors in Elgin

2023

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Website
Elgin, IL
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

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

Elgin, IL

Why choose this provider?

Need help contacting a Financial Advisor in Elgin? 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
2815 Forbs Ave Suite 107, Hoffman Estates, IL 60192
  • Financial Planning

Why choose this provider?

The Dala Group is a Hoffman Estates-based company that serves clients in Elgin. It handles a wide range of financial planning services, from tax planning to debt management. The company advises clients on various investments, including rental properties and annuities. It also has experience offering insurance solutions to clients, like life, auto, health, and home insurance. Mike Heatwole, the company's founder, is a Certified Financial Planner by the CFP Board. Before starting his business, Heatwole worked at the asset management firm Waddell & Reed.

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 (77)
Facebook
5.0 / 5 (15)

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
2815 Forbs Ave. Suite 107, Hoffman Estates, IL 60192
  • Certified Financial Planner (CFP)

Why choose this provider?

Rauschenberger Financial Advisors guides clients in the Elgin metro with financial matters. The firm employs a holistic planning method to help clients with wealth management, which involves setting goals, cash flow analysis, investments, asset allocations, and tax planning. The firm's sole planner, Keith Rauschenberger, educates clients on financial matters and helps them stay accountable by analyzing their progress. Keith, who spent over 25 years in the banking industry, founded the firm in 2011 and serves as its president.

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
1707 N. Randall Road, Suite 200, Elgin, IL 60123
  • Estate Planning
  • Tax Planning
  • Financial Planning

Why choose this provider?

PKF Mueller is an advisory group that serves clients in Elgin. It offers a range of wealth management services, including investment and liability management, financial planning, and retirement planning. It also provides risk management, tax planning, bookkeeping, and audit and assurance solutions. CEO David J. Nissen is a certified public accountant and a certified valuation analyst who has been in the industry for over four decades. He is a member of Prairie Capital Advisors and the National Association of Certified Valuation Analysts.

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
Facebook
4.8 / 5 (18)
Google
5.0 / 5 (2)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
2651 Warrenville Road Suite 200, Downers Grove, IL 60515
  • Certified Financial Planner (CFP)

Why choose this provider?

Carrying over 80 years of experience, Professional Wealth Advisors LLC serves the Elgin area. It helps with personal financial planning, including investment and retirement planning, risk management and insurance, estate planning and charitable giving, cash flow and budget, and income tax planning. Its investment planning covers time horizon, review of portfolio, stock concentration, asset allocation, withdrawal strategies, and review of investments held outside the firm. Its wealth advisor, Andrew Carman, has been a financial advisor since 2005. He is an Accredited Asset Management Specialist.

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 S Burton Pl, Arlington Heights, IL 60005
  • Certified Financial Planner (CFP)

Why choose this provider?

Baldwin Financial Advisors helps the residents of Elgin and the surrounding areas in navigating the pathway to their personal financial success. Its team offers financial planning services, which include both coaching sessions and check-ups that can be initially done for a full year via phone or email. The firm also assists its clients in managing their finances, including investments, insurance policies, and savings plans. Using an organized methodology, Baldwin Financial Advisors helps individuals to easily share their long-term monetary goals with their attorney, CPA, or trustee.

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
444 N York St, Elmhurst, IL 60126
  • Retirement Planning

Why choose this provider?

FSR Wealth Strategies is an independent financial services organization that serves clients based in Elgin. Its team of financial planners assists customers in developing retirement strategies that suit their specific needs and aspirations by utilizing a variety of investment and insurance products. They help clients put hard-earned funds to work to prepare for retirement through strategic business planning, retirement income strategies, annuities, and privatized banking. One of the firm's advisors, Scott Bretl, has delivered financial guidance for the past three decades.

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.
3.7
Google
3.7 / 5 (9)

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

Why choose this provider?

Vermillion Financial Advisors, Inc., has been providing services in the Elgin metro and nearby areas since 1988. It helps pre-retirement planners and seasoned retirees achieve financial security through its comprehensive retirement planning solutions. The company also assists clients who need investment, estate, tax, and cash flow planning services. In addition, its financial advisors craft employer-sponsored retirement plans. President and managing advisor Mark LaSpisa holds CFP, CRPS, and AIF designations. He has been featured on CNN and The Wall Street Journal.

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 (37)
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

Website
81 Market Street, Suite 5, Elgin, IL 60123
  • Tax Planning
  • Estate and Trust Specialist
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Teboda & Associates is a financial advisory firm that serves Elgin. It assists its clients in developing plans that help them address their needs or achieve their financial goals, such as preparing for a safer retirement. It assesses their financial picture and offers a range of products and services, including recommending investment options and crafting retirement income and wealth management strategies. Its founder and president, Jack Teboda, has 35 years of experience in the field and is an investment adviser representative.

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 (58)
Yelp
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

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

Why choose this provider?

Established in 1982, Woodfield Financial Advisors serves clients in Elgin and nearby areas. It advises business owners on tax and risk reduction, as well as employee retention. For investors, the company creates strategies based on the client's experience, the risk they are willing to take, and when they will need the money. It also offers assistance with insurance and retirement planning. Its team of CFP professionals, including founder Donald J. Monsen, holds over 42 years of aggregated 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 (30)
Facebook
5.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1 Executive Court, South Barrington, IL 60010
  • Estate Planning
  • Financial Planning

Why choose this provider?

Mooney Lyons Financial Advisors helps Elgin residents navigate three financial aspects, from wealth accumulation to pre-retirement and in-retirement. Through its Integrated Wealth Model, the firm assists families, business owners, and professionals in preserving their assets, reducing taxes, and making sound investments. It also deals with budgeting, education funding, insurance policies, and estate planning. Founders Keith Mooney and Joe Lyons have been in the financial services industry for over two decades. They are CFPs and Chartered Finacial Consultants.

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.
4.4
Google
4.4 / 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

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 a financial advisor help an individual from Elgin?

    Financial advisors in Elgin provide a variety of financial services to families, individuals, and businesses. They can help clients with tax planning, investment management, and insurance purchases. They also help with financial planning for life events such as retirement, college, and divorce. The advisors assess clients' short-term and long-term needs and goals in order to devise a strategy that protects and grows their wealth.

  • What should you consider in deciding if a lump sum payment is a good way to withdraw a retirement account in Elgin?

    Consider your financial situation and whether you have a plan before withdrawing funds from your retirement account for the first time. You can also hire a professional financial advisor to assist you with your investments, but be cautious of scams, get-rich-quick schemes, and fraud. Consider your expenses and outstanding debts, such as loans, credit card bills, and mortgages. If you are not cautious, these can quickly deplete your funds.

  • What should you do if you have concerns about the value assessment of your home in Elgin, Kane County?

    Go to the Office of the Kane County Supervisor of Assessments from Mondays to Fridays 8:30 AM to 4:30 PM. The office is at 719 S. Batavia Ave, Bldg. C Geneva, IL 60134, and its contact number is 630-208-3818. If you are still convinced that the assessment of your home value is not fair, you may be given the opportunity to file an appeal to the Kane County Board of Review.

  • Is there a way for beginner investors in Elgin to assess their risk tolerance?

    An investor with a high risk tolerance is willing to lose money in exchange for the possibility of greater gain. A conservative investor, on the other hand, prefers lower-risk investments in order to protect their capital. Beginner investors in Elgin can conduct online research and find websites with risk tolerance tools and questionnaires. However, keep in mind that some of the websites may not be objective and may promote investment products.

  • Why should a person in Elgin get life insurance?

    In Elgin, life insurance protects an individual's business, estate, and young family in the event of an untimely or catastrophic death. It can provide financial security by paying debts, covering day-to-day expenses, and covering medical or funeral expenses in the event of the policyholder's death. Life insurance is typically recommended by financial experts for protection rather than as an investment vehicle.

  • 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.