Finding a Top Financial Advisor Firms in Deerfield, Illinois
If you’re in need of a financial advisor, it can be difficult to know which firms are the best fit for your needs. We've streamlined this process by compiling the top nine advisory firms in Deerfield, looking at company records and SEC filings to learn more about these firms. If you’re still unsure of who to work with, our financial advisor matching tool can pair you with up to three options in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Strategic Wealth Partners Find an Advisor||$2,083,803,232||$1,000,000|| || |
|2||Nadler Financial Group, Inc. Find an Advisor||$749,330,669||$750,000|| || |
|3||Personal Financial Planning, Inc. Find an Advisor||$655,400,000||None|| || |
|4||Alera Investment Advisors, LLC Find an Advisor||$628,881,112||None|| || |
|5||Roberts, Glore & Co. Find an Advisor||$592,940,996||$500,000|| || |
|6||Hochman Cole Investment Advisors, Inc. Find an Advisor||$322,959,064||$500,000|| || |
|7||Equitrust Financial Group, Ltd. Find an Advisor||$282,917,967||$25,000|| || |
|8||Horwitz & Associates Find an Advisor||$154,886,681||None|| || |
|9||Capital Management Consultants, Inc. Find an Advisor||$118,249,669||$100,000|| || |
How We Found the Top Financial Advisor Firms in Deerfield, Illinois
To start, we only considered firms for this list that are both registered with the Securities and Exchange Commission (SEC) and are headquartered in Deerfield. We limited our search to SEC-registered companies because such firms have a fiduciary duty to act in their clients’ best interests. To further condense our list, we only considered firms that are free of disclosures; offer financial planning services; and manage individual accounts. The final list is ordered by assets under management (AUM), which indicates the amount of money the firm is managing for clients.
Strategic Wealth Partners
Strategic Wealth Partners is an advisory firm that was established in 2008. Over the years, it has amassed around 650 clients that lay claim to more than $2 billion in assets under management (AUM). This fee-based firm calls Deerfield home, but it also has secondary offices in downtown Chicago and Milwaukee, Wisconsin.
The firm provides financial planning and consulting services, along with investment management. From time to time, the firm may assign external managers to supervise portions of its clients’ portfolios. The firm generally imposes a minimum account size of $1,000,000.
Strategic Wealth Partners Background
Strategic Wealth Partners was founded by principals David J. Copeland and Neal H. Price. It is wholly owned by Focus Operating, LLC, which itself is a wholly-owned subsidiary of Focus Financial Partners, LLC, a financial services holding company.
Among the firm’s 17 advisors are 12 certified financial planners (CFPs), three chartered financial analysts (CFAs), three certified public accountants (CPAs) and two certified investment management analysts (CIMAs).
For investment management services, the firm will typically charge a percentage of your AUM between 0.20% and 1.25%. The rate you’ll receive is dependent on the market value of your assets.
Strategic Wealth Partners Investment Philosophy
Strategic Wealth Partners starts each client’s investment planning process by sitting down with them and establishing key information like their current asset level, investing objectives, tax situation and risk tolerance. From there, the firm will determine what combination of asset classes would be most appropriate to meet their ultimate goals.
The firm typically constructs client portfolios using investments like mutual funds, exchange-traded funds (ETFs), structured notes, external investment managers and other securities. The percentages that each of these investment types will occupy within your portfolio varies from client to client.
Nadler Financial Group, Inc.
Nadler Financial Group has been doing business since 1997. The firm currently employs nine financial advisors that manage just under $750 million in assets under management (AUM). The firm’s clients are mostly individuals and high-net-worth individuals, but it also works with pension plans, corporations and charitable organizations.
The firm offers fee-based investment management services through a few different programs, along with limited financial planning services and consulting for retirement plans. To receive discretionary investment management services, the firm generally requires at least $750,000 in investable assets.
Nadler Financial Group Background
Nadler Financial Group first opened its doors in 1997 under the name VRN Financial Services. It changed to its current name in 2004. The firm’s principal owner is Michael A. Nadler. Of the firm’s nine advisors, six are certified financial planners (CFPs), two are certified public accountants (CPAs) and one is a chartered financial analyst (CFA).
For investment management services, you’ll be charged a rate based on a percentage of your AUM. These customarily range from 0.50% to 1.00%. This fee will also cover financial planning and consulting services, if the client wishes. The firm typically doesn’t provide stand-alone financial planning.
Nadler Financial Group Investment Philosophy
When analyzing securities, the firm relies on a blend of fundamental, technical and cyclical analysis. Fundamental analysis looks to gauge a company or fund’s value by examining overall financial and economic factors alongside its basic information. Technical analysis is the practice of analyzing historical price and volume data as a way to forecast future prices. Cyclical analysis involves looking over the relationship between market cycles and prices to forecast future price movement.
The firm engages in both long- and short-term purchase strategies when giving investment advice or constructing client portfolios. If a long-term purchase is made, this means the firm will look to hold on to the security for longer than a year. On the other hand, a short-term security will likely only stay in your portfolio for less than a year.
Personal Financial Planning, Inc.
Personal Financial Planning, Inc. is a one-man shop that serves around 100 clients and manages roughly $655 million in assets. Currently, the firm’s entire client base is made up of high-net-worth individuals. However, the firm offers advisory services to pension plans, trusts, estates, charitable organizations and corporations as well.
The firm provides clients with fee-only investment advice, asset management and consulting services. You can also subscribe to its financial planning services, like retirement planning, income tax planning, estate planning, college fund planning, cash flow management and more.
There is no specific minimum account size here.
Personal Financial Planning Background
Personal Financial Planning was established by Marc A. Steinman in 1999. Steinman remains the firm’s only owner and advisor. The firm does not have a website, but you can get in touch with it online via email.
The firm doesn’t have a standard fee schedule that it follows, as fees are dependent on the nature and complexity of each client’s financial situation. The firm will charge half of its advisory fee at the initiation of services and the other half six months later, with an annual fee for ongoing investment management.
Personal Financial Planning Investment Philosophy
Personal Financial Planning typically sticks to fundamental analysis in order to analyze potential securities for a portfolio. This method examines a company or fund’s basic information, as well as the overall economy, to determine a security’s intrinsic value.
The firm typically uses passively managed index funds and exchange-traded funds (ETFs) as the core investments for client portfolios. Actively managed mutual funds may also prove to be valuable additions depending on the specifics of the portfolio and client.
Alera Investment Advisors, LLC
Alera Investment Advisors, LLC is a large firm that has grown to manage roughly $628 million in assets over just two years in business. The firm’s client base is made up of individuals, high-net-worth individuals, charitable organizations and corporations. The firm doesn’t impose a minimum investable asset requirement, but it does tailor some of its services to high-net-worth clients.
Alera provides fee-based investment management, financial planning and consulting services to its clients. Investment management services are provided internally, through the use of independent sub-advisors or through an automated management platform that the firm may recommend.
Alera Investment Advisors Background
Alera was first established in 2017, making it one of the youngest firms on this list. It’s a wholly owned subsidiary of The Alera Group, Inc., which is a larger company that works with clients across the country. The Alera Group deals with areas in finance like employee benefits, property and casualty insurance, risk management and wealth management. The firm employs 56 advisors, some of whom are certified financial planners (CFPs) and have master’s degrees in business administration (MBAs).
Fees for investment advisory services here are calculated as a percentage of your assets under management (AUM), and are typically between 0.25% and 1.50%. Fees are paid every quarter and are based on the market value of your assets at the end of the previous quarter. If any of your assets are being managed by the automated management program, your fee rate will be 0.85%.
Alera Investment Advisors Investment Philosophy
Alera primarily uses fundamental analysis when formulating its investment recommendations. Fundamental analysis involves attempting to ascertain the intrinsic value of a company or security through economic and financial research.
The firm typically invests with a long-term perspective, so it generally sticks to long-term purchase strategies. This means it often buys securities with the intent to hold on to them for at least a year. There are exceptions to this practice, however, like if the firm is rebalancing a portfolio to return to the original asset allocation or if a client has specific income needs.
Roberts, Glore & Co.
Roberts, Glore & Co. has been providing fee-only advisory services since 1984. The firm’s 350-member client base consists of individuals, high-net-worth individuals, pension plans, charitable organizations, other investment advisors and corporations.
The firm’s primary focus is investment advice and investment management services, but it also provides financial planning. The latter can touch on tax concerns, estate planning, retirement planning, wealth transfer, insurance, educational funding and comprehensive financial goal-setting. The firm generally imposes an account minimum of $500,000.
Roberts, Glore & Co. Background
Roberts, Glore & Co. was founded in 1984 by William J. O. Roberts and James D. MacDonald. Shortly after the turn of the century, the two founders transferred ownership of the firm to current principal owners CEO Clemens P. Ciupke and president Jim L. Calaway. Among the firm’s five advisors, there are two chartered financial analysts (CFAs), one certified public accountant (CPA) and one certified financial planner (CFP).
Fees for investment management services are negotiable, but they tend to fall between 0.70% and 1.25% of your assets under management (AUM). Rather than utilize a similar fee structure for financial planning services, the firm bases what you pay on the complexity of your unique situation. Therefore every client will have a slightly different set of fees.
Roberts, Glore & Co. Investment Philosophy
Roberts, Glore & Co. is focused on achieving long-term investing success for its clients. Consequently, the firm doesn’t usually engage in trading strategies that involve high turnover of securities or frequent trading.
The firm’s aim is to invest in securities that are reasonably valued and have the potential for future growth. It primarily uses fundamental analysis to determine if a security fits this description. Its advisors tend to examine information like a company’s balance sheet, return on equity, historical financial performance and the overall financial and economic environment.
Hochman Cole Investment Advisors, Inc.
Hochman Cole Investment Advisors is a three-advisor firm that’s been doing business for more than 10 years. It has just under $323 million in assets under management (AUM), and it serves 184 clients. The majority of the firm’s clients are high-net-worth individuals. Outside of this group, it also works with non-high-net-worth individuals and charitable organizations.
Hochman Cole offers services like investment management, financial planning, automated investing and consulting for retirement plans. The firm will often combine the first two into what it terms “comprehensive wealth management engagement,” according to its Form ADV. If you’d prefer to attain these services on a stand-alone basis, that can be done as well. The firm typically requires $500,000 in investable assets for wealth management services.
Hochman Cole is a fee-based firm. Some of the firm’s advisors are registered representatives of a broker-dealer, meaning they may receive commissions for certain securities transactions. Despite this, the firm is bound by fiduciary duty to act in its clients’ best interests at all times.
Hochman Cole Investment Advisors Background
Hochman Cole Investment Advisors was established in Deerfield in 2006, and its principal shareholders are president Joel L. Hochman and vice president Philip J. Cole. The firm has three advisors: Hochman, Cole and Michael J. Williams. All three advisors are certified financial planners (CFPs), and Williams is also a chartered financial analyst (CFA).
Financial planning fees at the firm can vary between $1,500 and $10,000. For investment management services, the firm usually charges a percentage of AUM between 0.60% and 1.00%. If you subscribe to some combination of both services, you may be able to negotiate a lower fee.
Hochman Cole Investment Advisors Investment Philosophy
Hochman Cole typically invests in a diversified mix of stocks, bonds, exchange-traded funds (ETFs), mutual funds and options when constructing client portfolios. To determine which securities to invest in, the firm looks to fundamental analysis, technical analysis and cyclical analysis.
The firm realizes that everyone has a distinct set of needs, so it tailors its investment strategies to each client’s risk tolerance, liquidity needs and time horizon. The firm takes these factors into account and uses them to create an asset allocation that’s best equipped to produce success over the long term.
Equitrust Financial Group, Ltd.
Equitrust Financial Group, Ltd. has been an investment advisor in Illinois since 2004. Its roughly 400 clients include individuals, high-net-worth individuals, pension plans and corporations. The fee-based firm has about $283 million in assets under management (AUM).
Equitrust provides investment management services through a wrap fee program. Through this, the firm’s representatives will help you set up a “Financial Advisors Program” advisory account with another investment advisor, Securities America Advisors, Inc. (SAA). SAA is a large firm headquartered in Nebraska with almost 2,000 advisors. The firm also provides financial planning services and retirement plan services.
As a fee-based firm, some advisors at Equitrust may sell certain securities or insurance products on a commission basis. Despite this, the firm abides by fiduciary duty, legally binding it to act in clients’ best interests.
Equitrust Financial Group Background
Equitrust was formed in 2004, and it has two controlling members: Steven Hyman, the president of the firm, and Charles Noparstak, the vice president and chief compliance officer (CCO). The firm has five total advisors including Hyman and Noparstak. Among them, there are three certified financial planners (CFPs), two accredited investment fiduciaries (AIFs) and one certified public accountant (CPA). In addition to Deerfield, the firm also has an office in Hinsdale, Illinois.
Equitrust breaks down its financial planning fees between written plans and consultations. Fees for written plans vary from $250 to $1,500. Fees for consultations are usually hourly and can range as high as $100 per hour.
Equitrust Financial Group Investment Philosophy
Equitrust uses fundamental analysis to determine whether a security would be a valuable addition to a client’s portfolio or not. This is the practice of examining factors like the overall economy, a company’s management, past performance, balance sheet, profitability and market performance to gauge its intrinsic value. That value is then compared with the price to determine if the market is overvaluing it or undervaluing it.
The firm uses either long-term purchase strategies, short-term purchase strategies or a mix of the two, depending on what makes the most sense for the client. Specific securities that Equitrust invests in include stocks, fixed-income securities, mutual funds, exchange-traded funds (ETFs) and variable annuities.
Horwitz & Associates
Horwitz & Associates, legally known as E.A. Horwitz, LLC, is one of the oldest firms on this list. In fact, it first opened its doors in 1970. The firm’s client base is comprised almost entirely of non-high-net-worth individuals. More specifically, only a handful of the firm’s 335 clients are above the high-net-worth threshold.
Horwitz & Associates is a fee-based firm, so some members of its staff can earn commissions for the sale of securities or insurance products. The firm and its advisors are still required to abide by fiduciary duty, though.
The firm provides comprehensive financial planning for its clients, along with investment advice and portfolio management services. The firm follows a six-step financial planning process that goes as follows:
- Identifying and prioritizing objectives
- Gathering information
- Analyzing information
- Developing a plan/proposing recommendations
- Implementing the plan
- Tracking plan progress
Horwitz & Associates Background
Horwitz & Associates was founded in 1970 by Gerald A. Horwitz. In 2012, ownership transferred to Edward A. Horwitz, and he continues to act as the firm’s manager. The firm has 13 advisors, 11 of whom are registered representatives of a securities broker-dealer. One advisor is a certified public accountant (CPA).
Fees for asset management services are based on a percentage of your total assets at the firm. These rates can vary from 0.625% to 2.00% depending on the market value of your funds. These fees will also cover financial planning services, although the firm offers stand-alone financial planning too.
Horwitz & Associates Investment Philosophy
Horwitz & Associates primarily employs fundamental analysis when it comes to evaluating securities. In some cases, it may use charting, technical analysis and cyclical analysis when it deems such methods appropriate. Fundamental analysis is the attempt to discern a company’s intrinsic economic value rather than focusing solely on the movement of its stock price.
The firm generally approaches its portfolios with a long-term perspective in mind. In the end, though, your personal investment goals, timeline and risk tolerance will dictate how your portfolio is built.
Capital Management Consultants, Inc.
Capital Management Consultants, Inc. is a fee-only firm that opened for business in 1988. It currently works with individuals, high-net-worth individuals and banking institutions, but it also offers services to profit-sharing plans, trusts and corporations. The firm has roughly $118 million in assets under management (AUM).
The firm offers discretionary investment management and financial planning services to its clients. On occasion, the firm may also recommend that you invest a portion of your assets with an independent money manager, either directly or through a wrap fee program. The firm generally requires a minimum initial investment of $100,000.
Capital Management Consultants Background
Capital Management Consultants was founded in 1988. It currently has two principal owners: Marc Davis, the president of the firm, and Robert Stumpf, the firm’s treasurer. The firm has seven advisors on staff.
The firm typically calculates investment management fees as a percentage of your AUM, with rates ranging from 0.50% to 1.00% depending on the market value of your assets. All fees are billed quarterly and in arrears.
Capital Management Consultants Investment Philosophy
Capital Management Consultants uses fundamental analysis and technical analysis to analyze securities it's considering investing in. It typically invests in mutual funds, stocks, bonds and alternative investments to flesh out client portfolios.
The firm recognizes that a buy-and-hold approach is a good path toward long-term success, but it also believes that’s only one piece of the puzzle. The firm prioritizes the appropriate asset allocation for each client’s risk tolerance, investing goals and timeline to retirement.