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 local financial advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Calamos Wealth Management Find an Advisor||$2,605,685,891||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Lantz Financial, LLC Find an Advisor||$532,447,082||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||DHJJ Financial Advisors, Inc. Find an Advisor||$396,049,592||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Sebold Capital Management Find an Advisor||$256,402,749||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Left Brain Wealth Management, Inc. Find an Advisor||$286,069,805||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Meyer Financial Services, Inc. Find an Advisor||$122,988,244|| || |
|7||Stone Island Financial Planning Find an Advisor||$164,812,072||Varies based on program|| || |
Minimum AssetsVaries based on program
|8||Model Wealth Find an Advisor||$136,714,715||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Fiduciary Financial Partners, Inc. Find an Advisor||$136,153,236||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Three Sixty Wealth Management, LLC Find an Advisor||$105,000,000||$1,000,000|| || |
How We Found the Top Financial Advisor Firms in Naperville, Illinois
To find the top financial advisors in Naperville, 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:
Calamos Wealth Management, LLC
Calamos Wealth Management, LLC is a fee-only wealth advisory firm established in 2007. The majority of clients are high-net-worth individuals, but the practice also works with non-high-net-worth individuals, pension and sharing plans, charitable organizations and businesses. The firm is headquartered in Naperville, but you can find secondary offices in New York City and Coral Gables, Florida.
The team in Naperville include nine certified financial planners (CFPs), two accredited investment fiduciaries (AIFs), six certified investment management analysts (CIMAs) and three chartered financial analysts (CFAs), one accredited estate planner (AEP).
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 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 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 and has a $1 million account minimum. On the other hand, the latter program 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 Investing Philosophy
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 investments like 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's client base is a mix of 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 advisors must act in the best interest of the clients. 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’s principal owner is its founder and chief compliance officer (CCO), Michael J. Lantz.
The firm offers portfolio management, along with limited financial planning and consulting for retirement plans. The financial planning services can cover, among other topics, education funding, retirement planning, estate planning, risk management, employee benefits planning and tax planning.
Lantz Financial Investment Philosophy
When analyzing securities, the firm relies on a blend of fundamental and cyclical analysis. Fundamental analysis is the practice of examining overall financial and economic factors alongside a company or fund’s basic information in order to gauge its value. Cyclical analysis involves analyzing the relationship between market cycles and prices to forecast future price movement. The firm subscribes to Modern Portfolio Theory, which seeks to maximize return for a given amount of risk.
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, Inc. is a fee-based firm that works with individuals, high-net-worth individuals, pension and sharing plans and corporations.
For portfolio management services, the firm charges a percentage of your assets that can range from 0.5% to 1.75%. Financial planning fees are typically charged as an hourly fee between $150 and $400. 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), five certified financial planners (CFPs) and one registered investment advisor representative (RIAR).
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 consulting services. The firm does not act as a custodian of any client assets, and the client will make any final investment decisions after the firm gives recommendations. The firm may be authorized to make trades for clients under a limited power of attorney.
DHJJ Financial Advisors Investment Philosophy
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.
Sebold Capital Management
Sebold Capital Management is a is a fee-only firm that offers advisory services to individuals, high-net-worth individuals, pension and profit sharing plans.
Fees for investment management services tend to fall between 0.4% and 1% of your assets under management (AUM). For financial planning services, the firm charges an initial $2,000 fee, then an annual fee of between 0.55% and 1.25% of your AUM. The firm doesn’t specify an account minimum, but it does impose a minimum annual fee of $3,125, which could be cost-prohibitive for clients with a lower net worth.
The team includes two certified financial planners (CFPs) and one chartered financial analyst (CFA).
Sebold Capital Management Background
Sebold Capital Management was founded in 1998 by Sean Sebold. Sebold is the firm’s sole owner, and he also serves as the president and only advisor.
The firm provides a range of services including investment advisory, financial planning, consulting for retirement plans and business succession planning.
Sebold Capital Management Investing Philosophy
Sebold Capital Management is focused on achieving long-term investing success for its clients. The firm uses strategic asset allocations to optimize the chances for this success, providing each client with a globally diversified portfolio that’s tailored to their risk tolerance, cash flow needs and timeline until retirement.
The firm’s aim is to invest in securities that are reasonably valued and have the potential for future growth. The firm primarily uses fundamental analysis to determine if a security fits this description. It will examine things like a company’s balance sheet, return on equity and historical financial performance, as well as the overall financial and economic environment.
Left Brain Wealth Management, Inc.
Left Brain Wealth Management, Inc. works mainly with regular individuals and high-net-worth individuals, as well as pooled investment vehicles.
Left Brain is a fee-based firm. 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, and 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 Investing Philosophy
Left Brain typically invests in a diversified mix of stocks, bonds, exchange traded funds (ETFs), mutual funds and options. To determine which securities to invest in, the firm looks to quantitative methods for optimizing client portfolios, computer-based risk/return analysis and technical analysis, among other methods.
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.
Meyer Financial Services, Inc.
Meyer Financial Services is a fee-only firm, so it does not collect commissions on trades or the sale of insurance and other investment products.
The firm manages assets primarily for high-net-worth individuals and other individual accounts. Institutional clients include pension and profit sharing plans, and charitable organizations.
Meyer generally charges clients annual management fees that are assessed as a percentage of assets under management, ranging from .1% to 1.65%.
Meyer Financial Services Background
Meyer was formed as an independent adviser in 1985 and is owned by John William Meyer and Craig Christopher Anderson.
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 Strategy
Meyer offers comprehensive asset management and investment consulting services. These include financial planning, portfolio management, retirement plan consulting and general advisory services.
The firm’s investment strategies are based on the client's investment objectives, risk tolerance, time horizons, and other factors.
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 team includes one certified financial planner (CFP) and one certified investment management analyst (CIMA).
Fees are either charges on a flat basis or based on a percentage of assets under management. Hourly rates range between $300 and $500.
Stone Island Financial Planning Background
The firm was founded in 2008 and is principally owned by Michael McAlister.
Services include investment advice, separately managed accounts and one private fund.
Stone Island Financial Planning Investment Strategy
For separately managed accounts, advisors at the firm takes into account the clients goals, risk profile and liquidity.
Around 75% of client money is invested into individual equities.
Model Wealth works with individuals, high-net-worth individuals and corporations. The firm charges fees for wealth management based on a percentage of assets under management, and a flat rate for financial planning.
The team at Model Wealth includes two certified financial planners (CFPs) and one retirement income certified professional (RICP).
At fee-only Model Wealth, 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:
- Mutual funds
- Exchange-traded funds (ETFs)
- Corporate bonds
- Government bonds
- Closed-end funds
Fiduciary Financial Partners, Inc.
Fiduciary Financial Partners, Inc. 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), one certified financial planner (CFP), one chartered financial counselor (ChFC), one chartered life underwriter (CLU) and one certified long-term care (CLTC).
Fiduciary Financial Partners Background
Fiduciary Financial Partners was founded in 2011 by Nicholas Economos and John Hillman. It is wholly owned by 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.
Fiduciary Financial Partners Investment Philosophy
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.
Three Sixty Wealth Management, LLC
Three Sixty Wealth Management works primarily with high-net-worth individuals and other individual accounts.
As a fee-based firm, some financial professionals in Three Sixty could earn commissions on trades and the sale of insurance and other investment products. Nevertheless, the firm has a fiduciary duty that requires its team to act in the best interests of their clients.
Three Sixty generally requires a minimum of $1 million to open an account. The firm also charges clients annual management fees that are assessed as a percentage of assets under management, which range up to 1.5%.
Three Sixty Wealth Management Background
Three Sixty was founded as a limited liability company in 2011 and is owned by founder and chief compliance officer James Dischert.
The firm’s financial team holds multiple certifications, including a certified public accountant (CPA), accredited wealth management advisor (AWMA) and a registered financial consultant (RFC).
Three Sixty Wealth Management Strategy
The firm offers wealth management services, which include investment advisory services, advanced planning, estate planning and tax planning.
Three Sixty focuses primarily on long-term investment strategies that are based on client objectives, risk tolerance and other financial needs. Advisors may also buy, sell or re-allocate positions that are held for less than one year to meet client objectives or market conditions.