Finding a Top Financial Advisor Firm in Northbrook, Illinois
Are you looking to work with a financial advisor in the Northbrook, Illinois area? We can help you choose one. We took the time to research firms in Northbrook, reviewing company records and filings from the U.S. Securities and Exchange Commission (SEC) to gather details on the top firms in the city. If you’re still unsure of who to work with, SmartAsset's financial advisor matching tool can connect you with financial advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Sheridan Road, Inc. Find an Advisor||$10,500,289,345||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Relative Value Partners, LLC Find an Advisor||$1,590,221,384||$1,000,000|| || |
|3||Arthur M. Cohen & Associates, LLC Find an Advisor||$891,578,096||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Asset Management Group, LTD Find an Advisor||$481,634,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Miramar Capital Find an Advisor||$325,637,139||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Mendel Money Management, LLC Find an Advisor||$205,547,915||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Estate & Trust Advisors, Inc. Find an Advisor||$169,696,312||$500,000|| || |
|8||Oak Wealth Advisors Find an Advisor||$142,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Northbrook, 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 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.
Sheridan Road, Inc. works with a mix of non-high-net-worth and high-net-worth individuals, as well as pension and profit-sharing plans.
The firm provides clients with portfolio management and financial planning services, and also provides consulting services for pensions. Sheridan Road is fee-based, as some advisors may earn commissions from certain securities transactions or insurance. Despite this potential conflict of interest, the firm has a fiduciary duty to act in the best interest of its clients. There are no minimum account sizes for any of its services.
Sheridan Road Background
Sheridan Road was established in 2004 by Daniel R. Bryant, who continues to act as president of national sales, retirement and private wealth. The firm’s principal owner is HUB International Limited, an insurance brokerage company.
Sheridan Road has a large team of advisors on its staff, about half of whom work out of its Northbrook headquarters. Among these advisors, you’ll find certified financial planners (CFPs) and accredited investment fiduciaries (AIFs).
Financial planning fees are typically charged as a $150 to $800 hourly fee or as a fixed fee of up to $10,000. These rates are negotiable and will be spelled out in an agreement before the start of any client relationship.
Sheridan Road Investment Philosophy
Sheridan Road uses fundamental analysis, cyclical analysis and technical analysis in order to analyze 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 study of securities within the context of market and business cycles.
The firm also subscribes to modern portfolio theory (MPT) to attempt to maximize return for any given level of risk.
Sheridan typically advises clients on mutual funds, fixed-income securities, real estate funds (including REITs), annuities, equities, exchange-traded funds (ETFs), treasury inflation-protected and inflation-linked bonds and private placements. Sheridan Road primarily recommends mutual funds.
Relative Value Partners
Relative Value Partners, LLC is a wealth advisory firm established in 2004. The overwhelming majority of the firm’s clients are high-net-worth individuals, but it also works with non-high-net-worth individuals.
The firm provides fee-only portfolio management as its primary offering. Additionally, the firm may offer certain clients financial planning, wealth management or consulting services. To become a client, you’ll need at least $1 million in investable assets.
Relative Value Partners Background
Relative Value Partners was created in 2004 by Robert H. Huffman III, Maury L. Fertig, Gregory K. Neer and Catherine C. Goel. It is wholly owned by Focus Operating, LLC, which itself is a wholly-owned subsidiary of Focus Financial Partners, LLC. The sole manager of Focus Financial Partners, LLC is Focus Financial Partners, Inc., a publicly traded company that owns multiple advisory firms.
Advisory certifications at the firm include certified public accountant (CPA) and certified financial planner (CFP).
For investment management services, the firm customarily charges fees based on a portion of your AUM. Rates range from 0.5% to 1.25%. Where your exact percentage falls within that spectrum will depend on the market value of your assets and what assets you’re investing in. Financial planning and other consulting services have a significantly lower fee - between 0.1% and 0.3%.
Relative Value Partners Investment Philosophy
Relative Value Partners starts each investment process by sitting down with the client and establishing some key information like their current assets, investing goals, tax situation, risk tolerance and time horizon. From there, the firm will determine what combination of asset classes is most appropriate.
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.
Arthur M. Cohen & Associates
Arthur M. Cohen & Associates, LLC is an advisory firm that’s been doing business since 1989. Its client base consists mostly of high-net-worth individuals, with a handful of non-high-net-worth individuals, too.
The fee-only firm offers discretionary and non-discretionary investment management services, on top of financial planning and consulting.
Arthur M. Cohen & Associates Background
Arthur M. Cohen & Associates first opened its doors in 1989. The firm’s principal owner is its founder, Arthur M. Cohen. Cohen also serves as the firm’s only advisor.
For investment management services, the firm uses a negotiable fee schedule based on a percentage of your AUM. Rates can range from 0.75% to 1%. Financial planning fees will be charged either as a fixed fee of at least $500 or as an hourly rate between $200 and $400. The firm doesn’t impose an account minimum.
Arthur M. Cohen & Associates Investment Philosophy
When analyzing securities, the firm typically relies on fundamental analysis. Fundamental analysis is less concerned with price movements and cyclical trends, focusing instead on a company's fundamental operating statistics like revenue and profitability.
Before making any investment decisions, the firm first seeks to establish a specific time horizon for the portfolio by figuring out each client’s time until retirement. With that information in hand, along with the client’s goals and risk tolerance, the firm will determine how much of the portfolio should skew toward growth securities and how much should lean toward more risk-averse investments.
Asset Management Group
Asset Management Group, LTD is a fee-based firm with a client base made up of non-high-net-worth and high-net-worth individuals. There is no minimum account size at this firm.
As a fee-based firm, some advisors may earn commissions for certain transactions on top of the advisory fees you pay, and this could create a conflict of interest. However, the firm has a fiduciary duty to always act in your best interest.
The firm provides investment management, financial planning and consulting services to its clients. Investment management services are typically offered on a discretionary basis, though the firm will occasionally recommend the use of third-party money managers.
Asset Management Group Background
Asset Management Group was first established in 1990 by Glenn A. Movish. Movish owns 100% of the firm’s shares and acts as its chief investment officer (CIO). The firm has four advisors, one of whom is a certified financial planner (CFP).
Fees for investment advisory services are typically between 0.1% and 1.5% of your assets under management (AUM), although the firm may negotiate a different rate with you. For stand-alone financial planning or consulting services, the firm charges either a $1,500 fixed fee or a $300 hourly fee.
Asset Management Group Investment Philosophy
Asset Management Group centers its investment philosophy around a number of core principles. These include:
- Markets are efficient over time
- You can’t successfully “time” the market over the long term
- Asset class selection is more important than individual security selection
- Risk can be controlled in part by global diversification and modern portfolio theory (MPT)
As a firm, Asset Management Group is known to invest in a diversified mix of exchange-traded funds (ETFs), mutual funds and equity securities. It may also use independent money managers.
The firm understands that different clients will have different financial situations, so it tailors its investment strategy 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 and investment strategy that’s best equipped to produce risk-adjusted and tax-efficient returns over the long term.
Miramar Capital is firm that’s been doing business since 2017, making it one of the youngest firms on this list. It provides fee-only advisory services to roughly 100 clients. This client base includes both non-high-net-worth and high-net-worth individuals, as well as businesses.
The firm provides a range of services, such as investment advisory, financial planning, investment management for retirement plans and non-investment consulting. The firm doesn’t have a minimum investment requirement, but it generally deals with clients with at least $1 million in investable assets.
Miramar Capital Background
Miramar Capital was founded in 2017. The firm is co-owned by Max Wasserman and Bob Kalman, who also serve as senior portfolio managers.
Fees for investment management services tend to fall between 0.8% and 1.6% of your assets under management (AUM). This fee will usually cover financial planning services too, unless specified otherwise in your agreement with the firm.
Miramar Capital Investment Philosophy
Miramar Capital is focused on achieving long-term investing success for its clients. The firm constructs individualized asset allocations to optimize the chances for this success. It provides each client with a globally diversified portfolio that’s tailored to their return requirements, risk tolerance, timeline until retirement, tax considerations and any legal restraints.
The firm believes that portfolio returns are driven in large part by earnings growth and dividends, so it looks to invest in equity securities that consistently offer each of these over the long term. It also looks to add value and hedge against risk by investing in fixed-income securities, like bonds.
Mendel Money Management
Mendel Money Management, LLC has been an investment advisor in Illinois since 1989. Its clients include non-high-net-worth and high-net-worth individuals.
Mendel provides discretionary investment management and financial planning services to its clients. It provides these to its clients on a fee-only basis. The firm doesn’t specify an account minimum, but it does charge a minimum annual fee of $1,000.
Mendel Money Management Background
Mendel Money Management was formed in 1989 by Barry Mendel, who continues to serve as the firm’s president and principal owner. Bradley Mendel and Lauren Orr round out the firm’s staff. Barry Mendel is a chartered financial analyst (CFA), and Bradley Mendel is a certified financial planner (CFP) and an enrolled agent (EA).
Mendel Money Management charges its clients advisory fees as a percentage of their AUM between 0.5% and 1%. Where you fall within that range will depend on the market value of your account. Financial planning services are usually included in this fee, unless you and your advisor negotiate otherwise.
Mendel Money Management Investment Philosophy
When analyzing securities, Mendel 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 accurately surmise its value. Cyclical analysis involves analyzing the relationship between market cycles and prices to forecast future price movement.
The firm tailors its investment strategy to each client rather than applying a blanket strategy for everyone. This means the firm will take into account each client’s personal investment objectives, comfort with risk, preferences, time horizon and cash flow needs when it considers the best possible investment strategy and asset allocation.
Estate & Trust Advisors
Estate & Trust Advisors, Inc. is a small firm that’s been doing business in Northbrook since 1997. The majority of its clients are non-high-net-worth individuals, but it works with some high-net-worth individuals and pension plans as well.
Estate & Trust is a fee-based firm, meaning certain advisors may earn commissions for selling insurance products or conducting certain securities transactions. This creates a potential conflict of interest, but the firm must always act in the best interest of its clients due to its fiduciary duty.
Estate & Trust provides discretionary and non-discretionary portfolio management services to its clients. While it doesn’t offer stand-alone financial planning services, the firm may occasionally offer financial planning to its portfolio management clients. The firm generally has a minimum account size of $500,000.
Estate & Trust Advisors Background
Estate & Trust Advisors was established in 1997, and its principal owner is Mark J. Schwartz. Schwartz also serves as the firm’s president.
For portfolio management services, the firm usually charges a percentage of your AUM between 0.8% and 1.5%. Financial planning fees are often included in these rates, although the firm may charge a separate fee for especially complex services. The firm charges a non-negotiable, annual fee of $3,750.
Estate & Trust Advisors Investment Philosophy
Estate & Trust Advisors invests in actively managed mutual funds, stocks, bonds and exchange traded funds (ETFs) when creating clients’ portfolios. However, it may consider other alternative investments from time to time. The firm creates globally diversified portfolios to help protect against risk from any single market.
The firm’s primary investment strategy is strategic asset allocation, meaning it combines a range of asset classes in its portfolios. The exact allocation will be customized to each client’s risk tolerance, liquidity needs and time horizon.
Oak Wealth Advisors
Oak Wealth Advisors has been providing investment advice to clients in the Northbrook area since 2008. Its client base is made up of a mix of individuals with and without a high net worth. Oak Wealth Advisors is a fee-only firm, so there are no conflicts of interest stemming from commission-based transactions.
The firm provides financial planning services to its clients, along with discretionary investment advice and investment management services. Financial planning can cover retirement planning, cash flow planning, wealth transfer planning, charitable giving planning, risk management, education savings planning and planning for families with special needs.
Oak Wealth has a stated minimum annual fee of $5,000, but it does not have a minimum account size. If you have a lower net worth, this annual fee could make the firm’s services cost prohibitive for you.
Oak Wealth Advisors Background
Oak Wealth Advisors was founded in 2008 by Michael Walther. Walther is the firm’s managing member, president and one of two advisors. He is a certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA).
Fees for investment management services are based on a portion of your assets under management (AUM). Rates can vary from 0.2% to 0.9%, depending on the market value of your assets. Financial planning services can be included in the aforementioned fee, or the firm may charge a flat fee of $5,000 for stand-alone financial planning.
Oak Wealth Advisors Investment Philosophy
Oak Wealth will generally invest its clients’ assets in no-load mutual funds and exchange traded funds (ETFs). Oak Wealth Advisors prioritizes strategic asset allocations for each client’s portfolio, making sure that they contain a diverse array of asset classes and securities within each asset class. The firm will typically only engage in trading to rebalance client portfolios. Otherwise, the firm makes investments with the intent to hold them for many years.
The firm doesn’t provide advice or recommendations for individual stocks and bonds, as it believes that mutual funds and ETFs will better serve the investor over the long term. This is because these securities help keep transactional costs low, all the while making global diversification easier to achieve. With that said, each portfolio will be tailored to the client’s preferences, risk tolerance and investment goals.