Expertise.com

2024

Last updated:

Best Financial Advisors in Schaumburg

Our Recommended Top 9

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

26Reviewed

19Curated

9Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logoFEATUREDExpertise.com

SmartAdvisor by SmartAsset

Schaumburg, 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

Schaumburg, IL

Why choose this provider?

Need help contacting a Financial Advisor in Schaumburg? 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
790 Frontage Road, Ste 116, Northfield, IL 60093
  • Certified Financial Planner (CFP)

Why choose this provider?

Baker & Yoest Investment Advisers, Inc., is a full-service financial planning firm serving Schaumburg. It offers investment, retirement, estate, and business succession planning. Its advisors take the time to understand the client and examine their financial status to develop a detailed investment plan to help achieve their monetary objectives. They customize the client's portfolio from various investment vehicles, such as mutual funds, individual stocks, and fixed and variable annuities. The firm also offers long-term care, life, and disability insurance.

Website
1051 Perimeter Drive Suite 1110, Schaumburg, IL 60173
  • Certified Financial Planner (CFP)

Why choose this provider?

Ennea Wealth Solutions provides risk management solutions to individuals and families in the Schaumburg metro. It handles retirement planning services, which include current plan analysis, human resources integration, auto-enrollment and Roth deferral plan designing, and retirement plan benchmarking using the fi360 technology. Ennea Wealth Solutions also offers insurance plans and asset management services. One of its principals and co-founders, James Vandelogt, has been in the industry for over 15 years. He is a Chartered Life Underwriter and 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
Facebook
5.0 / 5 (2)

Website
10 N. Martingale Road Suite 400, Schaumburg, IL 60173
  • Certified Financial Planner (CFP)

Why choose this provider?

WealthCare Advisors is a father-and-son team of financial advisors serving clients in Schaumburg. The firm helps simplify financial and tax planning, as well as portfolio and risk management for customers. The advisors provide personalized recommendations which include investment management and retirement planning. These recommendations are aligned with the customers' life goals and values. Its advisor-accountants also help predict future tax liabilities and identify ways to minimize them. Owner and president Bill Billimoria has over three decades of experience as a wealth manager.

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
1901 N. Roselle Rd., Ste. 800, Schaumburg, IL 60195
  • Certified Financial Planner (CFP)

Why choose this provider?

Established in 2007, Growing Fortunes Financial Partners LLC is an independently-owned firm serving Schaumburg. It provides financial planning services for families, individuals, and retirees. It assists clients in navigating the process from initial consultation, developing customized plans to achieve their financial goals, and implementing strategies that align with them, to maintaining ongoing support. Its plans involve cash flow, insurance, investments, pensions, retirement plans, and taxes. It also addresses other needs, such as cash management, insurance reviews, investment analysis, and tax-efficient savings.

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
120 W. Eastman St., Suite 300, Arlington Heights, IL 60004
  • Retirement Planning
  • Financial Planning
  • Wealth Management
  • Investment Advisor

Why choose this provider?

Kuhn Wealth Management offers financial advising services to clients in Schaumburg and the surrounding areas. It has various financial planning services, such as retirement and investment planning, insurance analysis or review, education and business planning, and tax strategies. It guides clients in identifying their goals and priorities, and creates, implements, and monitors investment strategies to help them achieve their goals. It blends individual fixed income security asset management strategies with risk-based asset allocation investment strategies. This company has been in the industry since 2003.

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
1300 Remington Rd, Schaumburg, IL 60173
  • Retirement Planning

Why choose this provider?

Founded in 1984, Securities America is a financial advisory firm that serves individuals and business owners in Schaumburg. The firm helps clients create financial plans that account for their objectives, whether to grow their money over time, generate income in retirement, save for children's education needs, or preserve assets for the future generation. The firm assists clients in choosing investment vehicle types and services uniquely suited to their specific needs, placing their best interests in all decision-making.

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
1827 Walden Office Square Ste. 275, Schaumburg, IL 60173
  • Tax Planning

Why choose this provider?

BCH Wealth Management offers its services to Schaumburg residents with various financial needs. Students looking to manage education funds, individuals wanting to enjoy retirement, and investors considering to have their portfolios managed can all refer to the company's team of financial advisors. Its services include financial planning, alternative investments and strategies, business solutions, and BCH insurance solutions. Christopher Buti, the company's founding partner, is a Certified Financial Planner. Its other founding partners, Vincent Corso and Brandon Harwell, work as investment advisors and manage clients' portfolios.

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

FAQs

  • 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 are examples of financial planning services in Schaumburg?

    There are several financial planning options available in Schaumburg, each one tailored to the specific requirements of every client. Gift and wealth transfer, budget analysis, risk management, school finance, and tax planning optimization are some of the services offered. Local financial advisors create each of these solutions to help you plan and protect your financial future.

  • In Schaumburg, what are fee-only financial planners?

    Fee-only financial advisers in Schaumburg work for and are paid only by their clients. These planners do not sell financial products like investments and insurance and do not accept commissions. It can be beneficial to have a solid understanding of the advantages of fee-only planning so that you can make wise choices regarding your financial future.

  • What factors are considered when determining your planning fee in Schaumburg?

    To determine your planning fee in Schaumburg, your financial advisor will consider aspects such as the complexity of your stock options, the number of accounts you have, the level of detail required for retirement distribution, and the need for coordination with tax, insurance, and estate planning professionals. They will also take into account your business interest, rental property, and portfolio of annuities.

  • Are there any costs for early withdrawals from your Schaumburg retirement plan?

    Yes, if you retire in Schaumburg before the age of 59 and a half, you might have to pay a 10% early withdrawal penalty on the majority of tax-deferred accounts. When you take money out of traditional accounts funded with pre-tax contributions, you'll also be charged income taxes. You can avoid paying hefty penalties by being aware of these rules prior to making a withdrawal from your retirement plan.

  • What is compounding interest and how will it benefit your retirement plan in Schaumburg?

    Compound interest works best for Schaumburg residents when they start saving early and keep saving for a long time before taking money out of their retirement account. The advantages of compound interest, however, are diminished if you retire early because your investments stop earning income. Keep in mind that compound interest is a great instrument for long-term savings since it enables you to earn income, not only on your initial investment but also on the interest already earned.

  • 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.