Finding a Top Financial Advisor Firm in Lake Forest, IL
Because it can be challenging to find the right firm for you, we’ve researched and created a list of Lake Forest’s top firms based on a number of factors. In our review, we identify and compare each firm’s fee structure, assets under management (AUM), advisory services and more. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
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Minimum AssetsNo set account minimum
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|No set account minimium
Minimum AssetsNo set account minimium
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What We Use in Our Methodology
To find the top financial advisors in Lake Forest, 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 obtained through public records and is updated annually after the firms’ form ADV filing. 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. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Crescent Grove Advisors, LLC
Crescent Grove Advisors, a fee-based firm, serves primarilly high-net-worth individuals. However, the firm also works with some non-high-net-worth clients, charitable organizations, corporations, as well as friends and family clients. Its minimum account size varies based on the type of services you receive, but is generally either $1 million or $10 million.
For investment management, the firm charges an asset-based fee. For financial planning and consulting it generally charges an hourly or fixed fee. Several staff members are also licensed insurance agents who earn commissions on certain transactions, creating a conflict of interest. Despite the financial incentive of commissions, Crescent advisors have a fiduciary obligation to always act in its clients' best interests.
Crescent Grove Advisors Background
Crescent Grove Advisors was established in 2015 as a wholly owned subsidiary of Crescent Grove Holdings, LLC. The firm’s managing directors are Gregg George, David Keevins and Nick Kochanski. In addition to its headquarters in Lake Forest, Crescent has offices in Milwaukee and Atlanta.
This firm mainly specializes in investment management, financial planning, family office services and independent manager referrals. Specifically, the firm can help with:
- Business planning
- Cash flow forecasting
- Trust and estate planning
- Financial reporting
- Benefit plan advice
- Insurance consulting
- Retirement planning
- Risk management
- Charitable giving
- Family business succession planning
- Tax planning and preparation
- Manager due diligence
Crescent Grove Advisors Investment Strategy
Crescent says it takes an asset allocation approach to investing. The firm focuses on the value of long-term strategic asset allocation combined with shorter-term tactical allocation investment decisions, according to its firm brochure.
The firm examines each client’s investment goals, income requirements, acceptable risk tolerances, tax bracket and status, time horizon, governing documents and any other relevant factors. After that the advisor sets the target asset allocation.
The firm typically allocates client assets among mutual funds (open and closed-end), exchange-traded funds, separately managed accounts, structured notes, derivatives and private placement partnerships that operate within the constraints of the the client's plan.
TSFG, formerly known as Alchemy Advisors, is a fee-based firm that requires clients maintain a minimum asset level of $100,000. The firm's client base primarily comprises non-high-net-worth individuals, but the firm does work with high-net-worth individuals, pension and profit-sharing plans, charitable organizations and corporations.
Since TSFG advisors are also representatives of a broker-dealer and/or licensed insurance agents, they earn commissions on certain transactions. As a result, TSFG is a fee-based practice. Despite the conflict of interest that commission-based compensation can create, TSFG has an obligation to always serve its clients' best interests.
Founded in 2014 as Alchemy Holdings, the firm was purchased by TSFG, LLC in March 2018. Daniel Nagel, Daniel Bouska, Jeffrey Feinendegen and Mike Gibbons are equal owner of the firm.
TSFG offers discretionary investment advisory services, which may include a wrap fee program. The firm also can work with clients to find independent investment managers. TSFG can also provide financial planning services that may touch on a client's life insurance needs, retirement planning, education planning and other financial needs.
TSFG Investment Strategy
TSFG invests a large majority of client assets in stocks, bonds, exchange-traded funds (ETFs), exchange-traded notes, options and mutual funds. The firm selects securities using fundamental analysis, which attempts to measure the intrinsic value of a security by examing economic and financial factors.
"Additionally, our investment decisions always give consideration to both the prospects for return on investment and the risk of loss on investment," the firm states in its Form ADV brochure. "In considering the risk of loss, we contemplate both the probability of loss and the potential magnitude of such loss."
North Shore Private Asset Management, LLC
North Shore Private Asset Management is a fee-based advisory that serves both non-high-net-worth and high-net-worth individuals, as well as government entities, corporations and insurance trusts.
The team at North Shore holds multiple certifications, including chartered financial analyst (CFA), accredited investment fiduciary (AIF) and accredited asset management specialist (AAMS) designations. However, keep in mind that some advisors at North Shore may receive commissions when recommending certain products and services, which can lead to a conflict of interest.
North Shore imposes a minimum account size requirement of $1 million for those engaging in custom portfolio management services. The firm typically does not require a minimum account size for its asset allocation services.
As for the firm’s investment advisory fees, it charges a percentage of assets. For financial planning and consulting, its fee is on an hourly or fixed basis.
North Shore Private Asset Management Background
Founded in 2004 by David H. Melsheimer, North Shore offers discretionary and non-discretionary investment management services on a continuous basis. The firm also provides financial planning and advisory and consulting services. Melsheimer, who serves as president and chief investment officer, remains the sole owner of the business.
North Shore Private Asset Management Investing Strategy
North Shore delivers investment advice that’s guided by fundamental analysis, technical analysis, charting analysis and cyclical analysis. The firm’s investment strategies include long-term purchases, short-term purchases, trading, short sales, margin transactions and option trading.
The firm generally provides advice on exchange-listed securities, securities traded over-the-counter, securities issued by foreign entities, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities and various other investments.