Finding a Top Financial Advisor Firm in Champaign, Illinois
To find the right financial advisor for you in Champaign, Illinois, you have to do some serious digging. You must search through government records, understand technical jargon and read the fine print. But don’t worry. We did the research for you to bring you the top financial advisors in Champaign. To expedite the process even more, use our advisor matching tool. It connects you with up to three financial advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Sterling Wealth Management, Inc. Find an Advisor||$306,321,412||$1,000,000|| || |
|2||Ruedi Wealth Management, Inc. Find an Advisor||$330,353,928||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Bluestem Financial Advisors, LLC Find an Advisor||$256,812,704||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Holder Wealth Management Find an Advisor||$202,584,800||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Champaign, 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.
Sterling Wealth Management
Sterling Wealth Management is a fee-only advisory firm. The advisory team holds multiple certifications, including certified financial planner (CFP) and certified trust and financial advisor (CTFA) designations.
To become a client, you generally need a minimum of $1 million to open an investment account. Sterling Wealth may waive this requirement at its discretion though, which may explain how nearly half of the firm’s individual clients are non-high-net-worth individuals. The firm also serves pension and profit-sharing plans, charitable organizations and corporations.
Sterling Wealth Management Background
President and CEO Sharon Allen and Vice President Martin Allen launched the practice in 2004. They are married and remain its owners. Sharon has more than two decades of experience in the financial services industry.
The family shop divides its services into two categories: wealth management and asset management. The former includes ongoing investment consulting, asset management, financial planning, relationship management and concierge services. The latter, which can be provided to qualified retirement plans, includes ongoing investment consulting, asset management, relationship management and limited financial planning.
Sterling Wealth Management Investing Strategy
Asset allocation strategies drive Sterling's investing decisions. It generally diversifies client portfolios across various asset classes, takes a long-term view and minimizes investing costs. Its securities analysis is primarily fundamental. The firm looks to tailor its investment strategies and investment management decisions according to the needs of each of its clients individually.
Ruedi Wealth Management
Ruedi Wealth Management (RWM) is the first firm on our list. The team holds multiple advisory certifications, including certified financial planner (CFP), retirement income professional (RICP) and MBA designations.
To open an investment account, you may need a minimum or $250,000 depending on the type of account you want. Other accounts do not have a minimum. The fee-only firm primarily works with non-high-net-worth individuals, but also serves those who do have a high net worth, pension and profit-sharing plans and corporations.
Ruedi Wealth Management Background
RWM has been offering investment advisory services since 2014. Founder and CEO Paul A. Ruedi is the majority owner. His three sons and the fifth advisor on staff have small stakes.
The firm is primarily in the business of providing investment management services. Its investment business breaks down into two parts. One is its traditional investment advisory model. This service involves a CFP who can create a diversified investment portfolio to help a client meet defined investment goals. It requires a minimum investment of $250,000.
RWM Co-Pilot, the second model, involves an automated investment platform through Betterment for Advisors. Clients of this program also have access to a firm CFP via phone and video conferencing.
Additionally, RWM offers financial planning tailored to an individual client’s needs. Financial plans may touch upon:
- Retirement funding
- Estate planning
- Education funding
- Tax funding
Financial planning services are offered to investment advisory clients at no extra charge, according to documents the firm recently filed with the SEC. In some cases, the firm may provide stand-alone financial planning services for specific fees.
Ruedi Wealth Management Investing Strategy
RWM generally focuses on a buy-and-hold investment strategy utilizing passively managed mutual funds and exchange-traded funds (ETFs). It designs portfolios that aim for strong long-term returns and risk mitigation by offering exposure to various asset classes and industry sectors. These can include stocks from companies of varying size and real estate securities. RWM advisors overall seek to minimize expenses, trading costs and tax burdens when making investment decisions.
Bluestem Financial Advisors
Bluestem Financial Advisors is next on our list. High-net-worth clients outnumber non-high-net-worth clients at this firm. Still, there is no set minimum account, though there may be an annual minimum fee, depending on the service. The firm describes its clients as young professionals, pre-retirees and university professionals.
As a fee-only firm, advisors won't receive commissions from selling financial products to clients. This avoids a potentially tricky conflict of interest.
Bluestem Financial Advisors Background
Jake Kuebler is the majority owner of the firm. He co-founded it with Karen Folk, who has since retired and is now advisor emeritus at the firm. Jake is a certified financial planner (CFP) and an adjunct instructor in the financial planning program at the University of Illinois. Joshua Leon Cutler, who serves as chief compliance officer, is also an owner.
Kuebler's team includes other CFPs as well as a few other certified individuals. They provide financial planning, investment management services and tax preparation. Clients can receive services either with an open retainer that's renewable every year or a project retainer that's limited in scope. With an open retainer, your fee will be based on your assets; with a project retainer, you will be charged a flat fee.
Bluestem Financial Advisors Investing Strategy
The firm primarily uses strategic asset allocation and constructs portfolios with passively-managed index mutual funds and exchange-traded index funds (ETFs). When evaluating investments, it generally uses fundamental analysis. While it mainly uses mutual funds and ETFs to populate client portfolios, it may use other investments is appropriate. Investment strategies are tailored to the needs of clients.
Holder Wealth Management
Holder Wealth Management is a fee-only firm with an advisory staff multiple certifications, including certified public accountant (CPA) and certified financial planner (CFP) designations.
Of its clients, the vast majority are non-high-net-worth individuals. The firm also serves high-net-worth individuals, pension and profit-sharing plans and corporations.
Holder Wealth has no minimum investment account size.
Holder Wealth Management Background
Virginia B. Holder founded her namesake firm in 2014. She is the majority owner, though she does not work at the firm. Instead, Daniel Holder and Charles Holder serve as advisors.
The boutique family shop generally provides investment advisory services on a discretionary basis. It also offers investment consulting and financial planning that may cover such areas as investment strategy and estate planning.
Holder Wealth Management Investing Strategy
Holder Wealth generally employs a long-term, buy-and-hold strategy utilizing index funds through Dimensional Fund Advisors. The firm also relies heavily on DFAs research when making investment decisions. However, HWM doesn’t receive any cash payments for recommending DFA funds. The firm and its advisors also work with clients to determine their financial goals so that they can best provide tailored asset management services and investment strategies to clients.