Expertise.com

2024

Last updated:

Best Financial Advisors in Skokie

Our Recommended Top 14

We did the research for you!

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  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Skokie Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

28Reviewed

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14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Skokie, IL
Free Consultation

Expertise.com Rating

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.

  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Skokie, IL

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Why choose this provider?

Need help contacting a Financial Advisor in Skokie? 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.

200 W. Madison Street Suite 2601, Chicago, IL 60606

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Review Sources

Google
5.0 (1)

Why choose this provider?

Savant Wealth Management - Chicago provides financial solutions to individuals and families in the Skokie metro and neighboring areas. Its services include financial planning, investment management, tax management, estate planning, and retirement planning. The independent firm has also been helping clients with their family wealth transfer, private trust, and accounting needs for more than three decades. Since joining the industry in 1982, managing director Martin J. Armbruster has received the Certified Financial Planner and Personal Financial Specialist designations.

  • Certified Financial Planner (CFP)
  • Retirement Planning

400 Skokie Blvd Suite 550, Northbrook, IL 60062

Why choose this provider?

Mappa Wealth Management is a fiduciary firm that serves individuals, families, and businesses in Skokie. It offers to be a long-term companion in making financial and life decisions by providing investment management and retirement strategies. It makes difficult financial ideas simpler by taking the time to explain its approach and by actively involving clients in the development of their financial plans. Founder and President Mark A. Mappa has more than three decades of financial services experience. He also has multiple professional designations, including CFP.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

5202 Old Orchard Road Suite 160, Skokie, IL 60077

Expertise.com Rating

Review Sources

Facebook
5.0 (5)

Why choose this provider?

Rappaport Reiches Capital Management, LLC, is an independent and fiduciary advisor located in Skokie. It provides professionals, families, and non-profits with customized financial plans once they have identified and communicated their goals. It crafts strategies that address cash flow management, accounting coordination, estate planning, insurance review, and investment portfolio monitoring and updating. The company was founded in 2005 by David Rappaport and Shari Greco Reiches. Shari is a former vice chair of the Illinois State Board of Investment, and David is a Certified Financial Planner.

  • Certified Financial Planner (CFP)

5215 Old Orchard Road Suite 1200, Skokie, IL 60077

Why choose this provider?

Freund & Smith Advisors is a Skokie-based firm serving individuals, families, and businesses. It offers a wide range of financial solutions including risk management, education funding, tax mitigation strategies, and retirement accumulation planning. The planning process involves regular monitoring and review of the implemented strategies as the client's life situation grows or changes. The firm's co-founder, Alex Freund, is a CPA with over 30 years of experience in the finance industry. He is also a Certified Financial Planner and a Chartered Life Underwriter.

  • Retirement Planning
  • Certified Financial Planner (CFP)

123 N Wacker Dr Ste 2300, Chicago, IL 60606

Why choose this provider?

Jimmy Cochran provides services to clients throughout Skokie and the surrounding cities. He offers financial advising services to help individuals protect their finances from unexpected future expenses and preserve their income for their financial goals. He also handles other services, such as charitable giving, insurance and risk management, tax-aware investing, and retirement analysis. Cochran is available to plan the wealth and legacies of multi-generational families. He brings more than a decade of experience in the financial industry.

  • Certified Financial Planner (CFP)

5250 Old Orchard Rd, Skokie, IL 60077

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Why choose this provider?

Midwest Financial Advisors Group caters to clients in the Skokie community and the surrounding cities. It provides services to individuals and families who wish to protect their wealth and legacy by planning their charitable giving strategies, beneficiary designations, and insurance assessment. The company also handles retirement income solutions to manage clients' social security benefits, investments, and pensions. Its founder, Heather O'Neil Fairbanks, is a chartered financial consultant and Certified Financial Planner with more than three decades of industry experience.

  • Certified Financial Planner (CFP)

Skokie, IL
WebsiteLicense: 4767576

Expertise.com Rating

Review Sources

Facebook
5.0 (7)

Why choose this provider?

MJC Financial Fitness serves clients in Skokie and nearby areas. It offers a wide range of services, from financial coaching and project-based planning to fiscal fitness checkups and comprehensive financial planning. It offers educational programs for clients who want to understand their income and expenses, as well as reevaluate their financial goals and budget. The firm was founded by Michael Chrisler who has been working in the financial technology industry for more than 15 years.

  • Private Wealth Advisor
  • Retirement Planning

815 Oakton St, Evanston, IL 60202

Why choose this provider?

Haven Financial Solutions, Inc., offers fiduciary advice to clients in Skokie in managing their monetary resources. Its team members assess the financial circumstances of clients to create custom spending, estate, tax, and education plans. They address concerns like how to secure target retirement funds, maximize business or employee benefits, or diversify investment portfolios. They also offer insights on freelance income management to organize one's finances for situations like unemployment and relocation. Principal financial planner Danielle L. Schultz has certifications as CFP and CDFA.

  • Certified Financial Planner (CFP)

4711 Golf Rd Ste 402, Skokie, IL 60076

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Why choose this provider?

Mirretti Perryman Wealth Strategies helps clients throughout Skokie attain their financial security goals. Its advisors seek to understand clients' personal situations and devise plans that guide them in their respective financial journeys. They help clients with planning for business, retirement, insurance, and cash flow, as well as creating a lasting legacy and managing their investment portfolios. It caters to retirees, business owners, and families and guides individuals who recently received a substantial amount of wealth, whether through inheritance, business sales, lottery, divorce, or legal settlements.

  • Retirement Planning
  • Certified Financial Planner (CFP)

9725 Woods Drive Suite 2009, Skokie, IL 60077

Why choose this provider?

Two Hawks Consulting, LLC is a Skokie-based advisory firm serving high-net-worth individuals and families. It helps clients navigate through advanced estate planning, business transition and succession, and charitable planning. Its founder, Randy Fox, is a Certified Financial Planner and an Accredited Estate Planner who collaborates with experts from different fields to establish customized financial plans. He is the Editor-in-Chief of Planned Giving Design Center and a recipient of the Fithian Leadership Award from the International Association of Advisors in Philanthropy.

  • Estate Planning
  • Certified Financial Planner (CFP)

4711 Golf Rd. Suite 705, Skokie, IL 60076

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Why choose this provider?

KMG Wealth Management handles different areas of financial planning by reviewing and analyzing the financial situations of clients, particularly accumulators, pre-retirees, and retirees. The company serves Skokie and nearby locations. Services include tax management, retirement planning, investment management, estate planning, and cash flow analysis. The firm also assists with tax-smart and ESG (environmental, social, and governance) investing. One of its managing partners, Jim Koliatsis, is a Certified Financial Planner with over 20 years of industry experience.

  • Certified Financial Planner (CFP)

5215 Old Orchard Road, Suite 850, Skokie, IL 60077
WebsiteLicense: 117527

Expertise.com Rating

Review Sources

Google
5.0 (2)
Yelp
5.0 (1)

Why choose this provider?

ShankerValleau is a financial advisory firm that caters to clients in the Skokie area. It provides financial planning, wealth management, tax planning, and accounting solutions for individuals and businesses. It develops a financial profile, plans for investments, confirms asset allocation goals, and reviews the different aspects of the clients' financial life. It has been serving the community since 1985. Janice Hennessy, its Certified Financial Planner, is also a CPA and an investment advisor representative. She is a member of the National Association of Personal Financial Advisors.

  • Certified Financial Planner (CFP)
  • Tax Planning

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 the benefits of managing your investments in Skokie?

    Investment management can help you identify your investment opportunities and analyze the financial market in Skokie. Your investment manager can assist you in managing risks in an investment portfolio to reduce volatility, as well as help you minimize tax liabilities by reducing short- and long-term capital gains. Managing your investments can also boost your income.

  • Can your age affect asset allocation in Skokie?

    Yes. Age can affect asset allocation in Skokie. There are several studies on how investment choices change with age. The earlier you begin investing, the more risk you are allowed. For example, if you are already 50 years old, the exposure to risk should be minimized. Your bonds and assets should be a bigger part of your investing portfolio.

  • What should you consider before deferring your student loans in Skokie?

    Before deferring your student loans in Skokie, you need to consider an income-driven repayment plan. This may be a better option than deferring your loans. You just need to recertify your income with your student loan service provider so they can recompute your monthly payment into a more manageable amount. You should also assess your benefits and determine the downside because most of the time, deferment interest continues to accumulate.

  • Why long-term care should be a part of your financial plan in Skokie?

    Long-term care should be a part of your financial plan in Skokie to prevent financial problems in the future. You should understand that when you age and no longer can work, you still have some bills to pay. If your family members cannot take care of you, you might consider availing of caregiving services, which are often costly. Aside from caregiving services, you also have small expenses like prescriptions and groceries.

  • If you are a business owner in Skokie and only have fewer than 25 employees, can you apply for Safe Harbor 401(k) plan?

    Yes. You can apply for Safe Harbor 401(k) plan in Skokie if you have fewer than 25 employees. The plan allows you and your employees to maximize tax-deferred contributions. As the employer, you need to either match your employees' contributions or provide a non-elective contribution. Your total contributions may not exceed 100% of an employee's income.

  • 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.

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