Finding a Top Financial Advisor Firm in Aurora, Illinois
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Clear Perspective Advisors, LLC Find an Advisor||$591,559,139||$250,000|| || |
|2||Rezny Wealth Management, LLC Find an Advisor||$252,553,643||$1 million|| || |
Minimum Assets$1 million
|3||River Street Advisors, LLC. Find an Advisor||$142,316,534||$250,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Aurora, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Clear Perspective Advisors, LLC
Clear Perspective Advisors, LLC is a fee-based firm that manages assets for individuals and high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations and corporations.
This financial advisor firm requires a minimum account size of $250,000. The advisory team holds multiple certifications, including five certified financial planners (CFPs), two chartered financial analysts (CFAs) and one chartered retirement plans specialist (CRPS).
Clients are charged commissions when trades are made in their accounts, in addition to fees based on a percentage of their assets under management and specific fixed-rate fees. If you choose to start a relationship with this firm, you may be offered insurance policies or have securities traded in your account that will result in commissions for your advisor. The firm is a fiduciary, though, so it is required to act in your best financial interest no matter what.
Clear Perspective Advisors Background
Clear Perspective Advisors, LLC is independently owned by three members of the firm: wealth advisors Stewart Beach, Michael Morcos and Jonathan Hylton. The firm has been in business since 2011, but its advisors average 18 years in the financial services field.
There firm offers ample services, including:
- Current investment consulting
- Investment plan creation
- Cash-flow projections
- Retirement planning
- Estate planning
- Tax management and mitigation
- Charitable giving
- Wealth transition
- Business succession
- Third-party manager consultation and recommendation
Clear Perspective Advisors Investing Strategy
Before building an investment plan, Clear Perspective Advisors says its advisors need to know your risk tolerance, time horizon, cash flow, financial objectives and need for liquidity. Once these are made clear, Clear Perspective can begin to formulate a portfolio that not only follows your personal stipulations, but also takes into account tax minimization, market inflation and a healthy balance between risk and return.
This firm is open to using a rather long list of investment types when fleshing out a portfolio, but they can be narrowed down to very distinct areas. Equities, exchange-traded funds (ETFs), exchange-traded notes (ETNs), government and corporate securities and pooled investments make up the vast majority of the investments the firm uses in client portfolios.
Rezny Wealth Management, LLC
While Rezny Wealth Management, Inc. generally requires a minimum of $1 million to open and maintain an investment advisory account, it manages assets exclusively for both non-high-net-worth and high-net-worth individuals.
As a fee-only firm, Rezny does not collect commissions on trades or the sale of insurance and other investment products.
Rezny typically charges clients a $400 hourly rate. Annualized fees for investment advisory account services range from 1% to 1.5% of assets under management.
Rezny Wealth Management Background
Rezny was founded in 1992 as a limited liability company. The firm’s president Brian C. Rezny also holds a certified financial planner (CFP) certification.
Client services include financial planning, investment management and retirement planning.
Rezny Wealth Management Strategy
Rezny relies on different research materials to develop investment and portfolio analysis, and investment management strategies for clients. These include charting analysis, fundamental analysis, relative strength analysis, technical analysis and cyclical analysis.
River Street Advisors, LLC.
River Street Advisors, LLC. (RSA) manages assets primarily for individuals and high-net-worth individuals, as well as charitable organizations and corporations.
As a fee-only firm, RSA does not collect commissions on trades or the sale of certain products.
The advisor team holds multiple certifications, including four certified financial planners (CFPs) and three chartered financial analysts (CFAs).
RSA generally requires a minimum account of $250,000 for assets under management. It typically charges a minimum annual fee of $2,500, which is 1% of the minimum account requirement.
River Street Advisor Background
RSA was founded in 2010 as a limited liability company. The firm’s parent company is Old Second National Bank.
Client services include financial planning, investment planning, retirement planning and estate planning.
River Street Advisor Investment Strategy
RSA identifies and implements different methods of analysis to create specific investment strategies for clients. These include quantitative methods for optimizing client portfolios, computer-based risk and return analysis, technical analysis and statistical or computer models based on long-term economic criteria.