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Top Financial Advisors in Naperville, IL

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Naperville, Illinois

Choosing a financial advisor isn't always easy, especially if there are a lot of advisor firms in your area. We’ve streamlined the process by narrowing down the top options in Naperville and reviewing company records and SEC filings to learn more about each firm. To find more firms in your area, use SmartAsset’s financial advisor matching tool. It will connect 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 Calamos Wealth Management LLC Calamos Wealth Management LLC logo Find an Advisor

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$3,428,713,937 Varies based on account type
  • Financial planning
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Asset allocation services

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Asset allocation services
2 Lantz Financial LLC Lantz Financial LLC logo Find an Advisor

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$644,487,507 No set account minimum
  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors (including private fund managers)
3 DHJJ Financial Advisors, Inc. DHJJ Financial Advisors, Inc. logo Find an Advisor

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$470,542,661 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Portfolio management for pensions and profit sharing plans

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Portfolio management for pensions and profit sharing plans
4 Left Brain Wealth Management, LLC Left Brain Wealth Management, LLC logo Find an Advisor

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$323,077,782 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
5 Stone Island Financial Planning Stone Island Financial Planning logo Find an Advisor

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$168,981,136 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
6 Meyer Financial Services, Inc. Meyer Financial Services, Inc. logo Find an Advisor

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$129,761,420 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (included private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (included private fund managers)
7 Model Wealth Model Wealth logo Find an Advisor

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$180,747,498 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
8 Fiduciary Financial Partners, LLC Fiduciary Financial Partners, LLC logo Find an Advisor

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$175,230,583 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting

What We Use in Our Methodology

To find the top financial advisors in Naperville, 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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

Calamos Wealth Management LLC

Calamos Wealth Management is a fee-only wealth advisory firm and top-rated practice on our list of firms in Naperville. The majority of its clients are high-net-worth individuals, but the practice also works with non-high-net-worth individuals, pension and profit sharing plans, charitable organizations and businesses. 

The firm’s minimum relationship size is $1 million. However, individual separately managed accounts (SMAs) have an investment minimum of $100,000. Institutional SMAs are accounts have an investment minimum of $5 million.

For investment management services, the firm will typically charge between 0.75% and 1.25% of your managed assets. If you’re participating in the firm's managed mutual fund program, the percentage will vary between 0.20% and 0.50%. Your exact percentage within that range will depend on the market value of your assets. The firm generally doesn’t charge extra fees for financial planning services.

Calamos Wealth Management Background

Calamos Wealth Management was established in 2007 by John Calamos, Sr. It is wholly owned by Calamos Investments, LLC, which itself is owned by Calamos Asset Management, Inc., Calamos Partners, LLC and John Calamos Sr.

The firm is headquartered in Naperville, but you can find secondary offices in New York City and Coral Gables, Florida.

The firm provides investment management services through two separate programs: the Wealth Advisory Program and the Calamos Managed Mutual Fund Program. The former is a standard investment management service, while the latter involves investing your assets in a mix of Calamos open-end mutual funds. The firm also provides limited financial planning and consulting services. From time to time, the firm may assign external managers to supervise portions of clients’ portfolios.

Calamos Wealth Management Investment Strategy

Calamos Wealth Management starts each investment process by sitting down with the client and establishing some key information like current assets, investing goals, tax situation and risk tolerance, among other things. From there, the firm will determine what combination of asset classes would be most appropriate.

The firm constructs client portfolios using individual equities, individual fixed-income securities, Calamos mutual funds, non-Calamos mutual funds, exchange-traded funds (ETFs), limited partnerships, external investment managers and other securities it believes are appropriate.

Lantz Financial LLC

Lantz Financial is a fee-based firm whose client base comprises individuals and high-net-worth individuals. The firm doesn’t have an account minimum.

For investment management services, Lantz charges a negotiable percentage of your assets under management (AUM) that won’t exceed 1.25%. Financial planning fees will be charged either as a fixed fee or as an hourly rate. This will also be negotiable and can vary based on the nature and complexity of your financial situation.

This is a fee-based firm, so some advisors may earn commissions. This is a potential conflict of interest, but the firm and its advisors must act in the best interest of the clients as fiduciaries. The advisory team at Lantz includes two certified financial planners (CFPs) and one accredited asset management specialist (AAMS).

Lantz Financial Background

Lantz Financial first opened its doors in 2018. The firm is owned by Michael J. Lantz and Daniel B. Rohlfing. Lantz, who founded the business, also serves as its chief compliance officer. 

The firm offers portfolio management, along with limited financial planning and consulting for retirement plans. The financial planning services can cover topics like education funding, retirement planning, estate planning, risk management, employee benefits planning and tax planning.

Lantz Financial Investment Strategy

When analyzing securities, the firm primarily relies on fundamental analysis, the practice of examining overall financial and economic factors alongside a company or fund’s basic information in order to gauge its value. The firm also subscribes to Modern Portfolio Theory, which seeks to maximize return for a given amount of risk. As a result, mutual funds and exchange-traded funds serve as the primary investment vehicles used in the construction of client portfolios.

The firm engages in long- and short-term purchase strategies when giving investment advice or building portfolios. This means the firm will vary how long it intends to hold onto specific securities within your portfolio. 

DHJJ Financial Advisors, Inc.

DHJJ Financial Advisors is a fee-based firm that primarily works with individuals and high-net-worth individuals. The firm also serves pensions and sharing plans, corporations and businesses. There is no minimum account size. 

For portfolio management services, the firm charges fees that are based on a percentage of your assets, which can range from 0.5% to 1.75%. Financial planning fees are typically charged as an hourly fee between $150 and $400. As a fee-based practice, advisors may earn commissions, which is a potential conflict of interest — but they must always act in the your best interest.

The team at DHJJ holds multiple certifications, including six certified public accountants (CPAs) and five certified financial planners (CFPs).

DHJJ Financial Advisors Background

DHJJ Financial Advisors was established in 1988. The firm has no principal shareholders, meaning no one person owns more than 25% of the firm.

The firm provides clients with investment advice, asset management services, financial planning and retirement plan services. Financial planning services may encompass retirement planning, insurance needs, estate planning, tax planning and cash flow, among other topics. The firm does not act as a custodian of any client assets. 

DHJJ Financial Advisors Investment Strategy

DHJJ Financial Advisors uses fundamental analysis and cyclical analysis in order to analyze potential securities. Fundamental analysis involves examining a company or fund’s basic information as well as the overall economy to determine a security’s intrinsic value. Cyclical analysis is the studying of securities within the context of market and business cycles

The firm also prioritizes asset allocation over individual security selection during portfolio construction. To determine the proper asset allocation, advisors will consider the client’s risk tolerance, investment goals, cash flow needs, time horizon and other unique factors.

DHJJ provides investment recommendations on a wide range of securities, including exchange-listed securities, securities traded over-the-counter, foreign issuers, warrants, variable life insurance, mutual fund shares, U.S. government securities, options and futures contracts, among others. 

Left Brain Wealth Management, LLC

Left Brain Wealth Management is a fee-based firm that works mainly with individuals and high-net-worth individuals, as well as pooled investment vehicles.

As a fee-based practice, some of its advisors are representatives of a broker-dealer, and some are licensed to sell insurance products such as life insurance or annuities. This means these advisors could potentially earn commissions on top of the advisory fees your pay. Despite this potential conflict of interest, the firm is bound by fiduciary duty to always act in the best interest of its clients.

The firm doesn’t have a minimum account size. Financial planning fees at the firm can come in the form of a $300 hourly fee or a fixed, negotiable fee for more complex services. For investment management services, the firm usually charges a percentage of your assets between 1% and 2%.

The team includes two certified financial planners (CFPs).

Left Brain Wealth Management Background

Left Brain Wealth Management formed in Naperville in 2014. Its principal owner is Noland Langford, who also serves as the firm’s president and CEO.

Left Brain provides discretionary asset management services, financial planning services, consulting services for 401(k) plans and fund portfolio management.

Left Brain Wealth Management Investment Strategy

Left Brain typically invests in a diversified mix of stocks, bonds, exchange-traded funds (ETFs), mutual funds, U.S. government securities, municipal securities and corporate debt obligations. To determine which securities to invest in, the firm looks to quantitative methods for optimizing client portfolios, and employs both fundamental and technical methods of analysis. 

Because every client has their own distinct set of needs and goals, the firm will create a separate investment strategy based on each client’s risk tolerance, liquidity requirements and overall time horizon. The firm takes these factors into account and uses them to create an asset allocation and investment strategy that it believes is best equipped to produce success over the long term.

Stone Island Financial Planning

Stone Island Financial Planning is a fee-only firm that works with individuals, high-net-worth individuals, pooled investment vehicles, pension plans and charitable organizations.

The Stone Island team includes one certified financial planner (CFP) and one certified investment management analyst (CIMA).

Fees are either charged on a flat basis or based on a percentage of assets under management. Hourly rates range between $300 and $500, depending on the complexity of the services that are needed.

As a fee-only practice, Stone Island's advisors do no receive commissions or other third-party compensation when recommending insurance or financial products. 

Stone Island Financial Planning Background

The firm was founded in 2008 as a Delaware limited libability company and is principally owned by Michael McAlister. While the firm conducts business as Stone Island Financial Planning, its legal name is South Georgia Capital, LLC. 

Services include combined investment management and financial planning, as well as ongoing standalone financial planning and project-based financial planning. The firm's work with clients may touch on their net worth, cash flow, retirement planning, investment allocation, security selections, estate planning, insurance benefits, education funding and employee benefits.

Stone Island Financial Planning Investment Strategy

Stone Island conducts cyclical, fundamental and technical analysis, as well as charting, to evaluate and select securities for client portfolios. As for portfolio composition, the firm provides advice to individuals on equity and fixed income securities, options and futures, exchange-traded funds, mutual funds and pooled investment vehicles. 

 

Meyer Financial Services, Inc.

Meyer Financial Services is a fee-based firm with advisors who can earn commissions on trades or the sale of insurance and other investment products. This could lead to a conflict of interest, but the firm's fiduciary duty requires it to act in clients' best interests. 

The firm manages assets primarily for high-net-worth individuals and other non-high-net-worth individuals. Institutional clients include pension and profit sharing plans, as well as charitable organizations.

While there is no minimum account size requqirement, Meyer generally charges clients annual management fees that are assessed as a percentage of assets under management, ranging from .1% to 1.65%. The firm’s financial team holds multiple certifications, including a certified financial planner (CFP) and a certification for long-term care (CLTC). 

Meyer Financial Services Background

Meyer was formed as an independent adviser in 1985 and is owned by Craig Christopher Anderson. The firm focuses primarily on asset management, as well as standalone investment consulting and financial planning services. 

Meyer Financial Services Investment Strategy 

The firm’s investment strategies are based on the client's investment objectives, risk tolerance, time horizons and other factors. Client portfolios are constructed using individual stocks, bonds, exchange-traded funds, options, mutual funds, as well as other public and private securities. 

Meyer relies on modern portfolio theory, an investment strategy that seeks to maximize returns for a given amount of risk, when formulating investment advice. Meanwhile, long-term trading is the primary management strategy the firm uses. 

Model Wealth

Model Wealth is a fee-only firm that works with individuals, high-net-worth individuals, businesses and corporations. The firm charges fees for wealth management based on a percentage of assets under management, and a flat rate for financial planning. Model Wealth does not impose a minimum account size. 

The team at Model Wealth includes two certified financial planners (CFPs) and one retirement income certified professional (RICP). 

As a fee-only firm, no advisor earns transaction-based commissions from third-party vendors. This means they have fewer conflicts of interest than advisors who do collect sales commissions.

Model Wealth Background

Model Wealth was founded in 2012. It is principally owned by president Randall T. Burns and chief compliance officer Alex C. Offerman.

Services offered at Model Wealth include financial planning, estate planning, education funding, investment management, retirement planning, tax planning and wealth management.

Model Wealth Investment Strategy

The firm believes that outperforming the market with active investing requires more luck than skill. Instead, it follows the Efficient Market Hypothesis, which states that asset allocation drives returns more than security selection. As a result, the firm recommends passive investing strategies.

The following are possible investments advisors at Model Wealth use for clients:

Fiduciary Financial Partners, LLC

Fiduciary Financial Partners is the eighth and final firm on our list of the top practices in Naperville. Fiduciary Financial Partners is a fee-based firm that opened for business in 2011. It currently works with individuals, high-net-worth individuals and pension and profit sharing plans.

Some of the advisors at Fiduciary Financial Partners are registered representatives of a broker-dealer, and some are licensed to sell insurance products such as life insurance or annuities. This means these advisors could potentially earn commissions on top of the advisory fees you pay. Despite this potential conflict of interest, the firm is bound by its fiduciary duty to always act in the best interest of its clients.

The firm doesn’t have a minimum account size, but it does charge a minimum annual fee of $7,500. Note that this could make the firm’s services cost prohibitive for some clients.

The firm typically calculates portfolio management fees as a percentage of AUM, with the rate ranging from 0.25% to 1%, depending on the value of your assets. Financial planning fees are charged as a negotiable flat fee, and they won’t exceed $1,200 if services can be fully rendered within six months.

The team here includes one chartered retirement plans specialist (CRPS), three certified financial planners (CFP), one chartered financial counselor (ChFC) and one chartered life underwriter (CLU).

Fiduciary Financial Partners Background

Fiduciary Financial Partners was founded in 2011 by Nicholas Economos and John Hillman. Economos principally owns the firm through NE Financial Services, Inc., a holding company.

The firm offers portfolio management services, as well as financial planning and consulting services to its individual clients. Additionally, consulting services are available for qualified retirement plans.

Financial planning services may touch upon retirement planning, estate planning, tax management, investment planning, education funding, business exit strategies and other topics. 

Fiduciary Financial Partners Investment Strategy

Fiduciary Financial Partners uses fundamental analysis and cyclical analysis to analyze potential securities. It typically invests in exchange-traded funds (ETFs), mutual funds and individual stocks and bonds.

The firm tailors its investment strategy to each client, keeping in mind that investing goals and risk tolerance can vary significantly from client to client. The firm will sit down with each client, often more than once, to establish goals and any other key factors. From there, it will formulate an investment strategy and asset allocation it deems appropriate for that client.

How Long $1 Million 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 weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.