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The Top Financial Advisors in Evanston, IL

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Finding a Top Financial Advisor Firm in Evanston, Illinois

If you’re trying to find a financial advisor in Evanston, Illinois, we can point you in the right direction. Our team of financial experts spent hours gathering intel on all registered investment advisors (RIAs) in Evanston to identify the top firms. We also developed an interactive financial advisor matching tool to assist you with your search. It will link you with up to three local advisors. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Gryphon Advisors Gryphon Advisors logo Find an Advisor

Read Review

$407,163,052 No set account minimum
  • Portfolio management
  • Financial planning
  • Selection of other advisors
  • Tax preparation/management consulting

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors
  • Tax preparation/management consulting
2 Zimmerman Wealth Management Zimmerman Wealth Management logo Find an Advisor

Read Review

$303,797,935 $1,000,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  

How We Found the Top Financial Advisor Firms in Evanston, Illinois

To find the top financial advisors in Evanston, Illinois, we first identified all firms registered with the SEC in the state. 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:

Gryphon Advisors

Gryphon Advisors

With hundreds of millions in assets under management, Gryphon Advisors provides wealth management and tax preparation services to various client types including individuals pension and profit sharing plans and charitable organizations.

The Evanston, Illinois, firm holds multiple certifications, including certified financial planner (CFP) and certified public accountant (CFP) designations.  

Founder D. Douglas Close also advises privately held companies and earns compensation for these services. He may recommend clients invest in these companies, which can potentially pose a conflict of interest. That said, as a fiduciary advisor, Close must make recommendations that are in the best interest of his clients.

Gryphon Advisors Background

Close launched Gryphon Advisors in 1994. He previously served as president of Takaki Close and Associates and specializes in investment management and tax planning at an international level.  

Gryphon Advisors provides investment management advisory services. It also offers financial planning consulting on various topics including: 

  • Tax preparation
  • Estate planning
  • Risk management
  • Education funding
  • Cash flow and debt management
  • Investment planning

Gryphon Advisors Investment Strategy 

Gryphon Advisors engages in a data-gathering process to identify the client's objectives, risk tolerance, time horizon and other information needed to build a personalized investment portfolio. The firm diversifies portfolios across various asset classes. The weighting of any particular asset class would depend on your risk tolerance and time horizon. Your portfolio may hold: 

  • Exchange-listed securities
  • Securities traded over-the-counter
  • Commercial paper
  • Certificates of deposit 
  • Municipal securities
  • Variable life insurance
  • Variable annuities
  • Open- and closed-end mutual fund shares
  • U.S. government securities
  • Options contracts on securities and commodities
  • Futures contracts on tangibles and intangibles
  • Interests in partnerships and private placements

Zimmerman Wealth Management

Zimmerman Wealth Management

Zimmerman Wealth Management manages millions in assets on a discretionary basis. The team holds multiple designations, including four certified financial planners (CFPs), one chartered financial analyst (CFA) and one MBA.

The firm requires that new clients meet a minimum investment size of $1 million and minimum annual fee of $10,000. Almost all of its clients are high-net-worth individuals

As a fee-only firm, Zimmerman Wealth Management earns its compensation only from clients. It doesn’t collect sales commissions from third-party financial services companies. 

Zimmerman Wealth Management Background 

Zimmerman Wealth Management formed in 2003. Majority owner Thomas Zimmerman founded the firm after working at Mesirow Financial and Merrill Lynch. He has more than 30 years of experience as an investment advisor. His team provides portfolio management and financial planning services.

Clients of Zimmerman Wealth Management can expect help with: 

  • Saving for retirement
  • Estate planning
  • Family wealth preservation
  • Business planning and succession
  • Charitable giving
  • Tax planning

Zimmerman Wealth Management Investing Strategies

As noted earlier, Zimmerman Wealth Management provides portfolio management services on a discretionary basis. This means the firm changes portfolio positions without getting approval for each transaction. In some cases, clients may place restrictions on certain securities by specifying them in writing. 

The firm builds portfolios based on factors like the client’s risk tolerance, time horizon and goals. It generally invests client assets in mutual funds and exchange-traded-funds. However, it doesn’t limit itself to these securities. If deemed suitable, the firm also may consider other securities including: 

  • Exchange-listed securities
  • Securities traded over-the-counter
  • Foreign issuers
  • Commercial paper
  • Certificates of deposit 
  • Municipal securities
  • Variable life insurance
  • Variable annuities
  • Mutual fund shares
  • U.S. government securities
  • Interests in partnerships investing in real estate

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research