Finding a Top Financial Advisor Firm in Oak Brook, Illinois
Finding the right financial advisor isn’t easy, especially when you have a lot of local options to sift through. SmartAsset’s list of the top Oak Brook financial advisor firms can make your search a lot easier. Below, you’ll find the city's top firms, along with information about each firm’s account minimum, fee structure, expertise, typical clientele and more. Want a more tailored recommendation for an advisor who can meet your specific needs? SmartAsset's financial advisor matching tool can pair you with an advisor in your area. Just answer a few questions about your financial situation and goals, and the tool will find up to three local advisors who fit the bill.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Private Vista, LLC Find an Advisor||$1,523,934,279||$500,000|| || |
|2||Sentinus, LLC Find an Advisor||$355,483,663||$100,000|| || |
|3||Fairhaven Wealth Management, LLC Find an Advisor||$315,102,472||None|| || |
|4||Oak Asset Management, LLC Find an Advisor||$176,200,000||$250,000|| || |
|5||Landmark Capital, Inc. Find an Advisor||$141,919,761||$500,000|| || |
|6||Stonebridge Wealth Management, LLC Find an Advisor||$113,194,000||$500,000|| || |
|7||Money Managers Advisory Find an Advisor||$110,797,220||None|| || |
How We Found the Top Financial Advisor Firms in Oak Brook, Illinois
SmartAsset’s experts narrowed the pool of potential financial advisors in Oak Brook by eliminating any firm that isn’t registered with the U.S. Securities and Exchange Commission (SEC). That's because all SEC-registered companies have a fiduciary duty to act in their clients’ best interests at all times. To further condense our list, we only considered firms that are free of disclosures, and which offer financial planning services and management of individual accounts. This final list is ordered according to each firm’s assets under management (AUM).
Private Vista, LLC
Private Vista, LLC is a wealth advisory firm established in 2016. It works with around 950 clients who have more than $1.5 billion in assets under management (AUM). The largest portion of the firm’s clients are high-net-worth individuals, but it also manages accounts for non-high-net-worth individuals, pension plans, charitable organizations and businesses.
Portfolio Solutions is a fee-based firm, meaning some advisors may earn commissions from certain securities transactions or selling insurance products. This creates a potential conflict of interest, but the firm is bound by fiduciary duty to act in the best interest of its clients.
The firm provides financial planning and asset management services, as well as consulting for retirement plans. On occasion, the firm may also select independent money managers for its clients. New clients of the firm are required to have no less than $500,000 in investable assets.
Private Vista Background
Private Vista was established in 2016 through the merger of two firms, Financial Strategy Network, LLC and WNA Wealth Advisors, Inc. It is owned by several partners, including James M. Weil, Jeffrey M. Toner, Steven I. Merdinger, Robert A. Westrick and Douglas S. Brown.
The firm employs 22 advisors in total. Among these individuals, there are 17 certified financial planners (CFPs), three chartered financial consultants (ChFCs), one chartered investment management analyst (CIMA) and two certified public accountants (CPAs).
For investment management services, the firm will typically charge a percentage of your AUM between 0.25% and 1.00%. Financial planning fees can come in the form of a fixed fee between $500 and $25,000 or an hourly fee of $300.
Private Vista Investment Philosophy
Private Vista starts every investment process by discussing each client’s risk profile, time horizon, cash flow needs, personal investment philosophy, asset allocation preferences and tax considerations. From there, the firm will determine what combination of asset classes would be most appropriate. The firm will also monitor the portfolio daily to determine when rebalancing is necessary.
The firm typically constructs portfolios using one or all of the following investment products: individual equities, bonds, exchange-traded funds (ETFs), managed futures, no-load or load-waived mutual funds, oil and natural gas exploration and other alternative investments.
Sentinus, LLC is a 12-person advisory firm that has been around for seven years. The firm currently manages about $355 million in assets under management (AUM) for more than 400 clients. The firm’s clients are a mix of individuals and high-net-worth individuals, with some pension plans as well. This fee-based firm has an account minimum of $100,000.
The firm offers asset management services, financial planning services, 401(k) portfolio management services, institutional investment consulting and advisory services for retirement plans.
Sentinus first opened its doors in 2012. The firm is owned by Reynolds Financial Group and Sentinus Holdings. These holding companies are in turn owned by Scott Reynolds, the firm’s executive chairman, and Tyler Qualio, its president. The firm’s leadership team also includes CEO Phil Johnson and chief operating officer (COO) Curtis Ellergodt.
For investment management services, the firm charges a negotiable percentage of your assets that can range from 0.85% to 1.25%. For financial planning or consulting clients, fees can be either a fixed, negotiable fee or an hourly fee of $400. More complex services will likely be charged a fixed fee, as it will be more difficult to determine ahead of time how many hours of work will be necessary.
Sentinus Investment Philosophy
Sentinus applies several quantitative methods of analysis when coming up with investment recommendations. The firm utilizes algorithms to discover the asset allocation that maximizes the expected return for each client’s risk tolerance. The firm will also analyze historical price and volume data, various statistics about companies and funds and statistical models to better understand how valuable these options are.
The firm uses a wide range of investments, including equity securities, warrants, mutual funds, exchange-traded funds (ETFs), corporate debt securities, certificates of deposit (CDs), municipal securities, government securities, options contracts and mortgage-backed securities.
Fairhaven Wealth Management, LLC
Fairhaven Wealth Management, LLC is an eight-person advisory firm that serves roughly 425 clients that claim more than $315 million in assets under management (AUM). Founded in 2015, the firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and companies. Fairhaven is a fee-based firm.
The firm provides clients with financial planning, investment management and consulting services for retirement plans. Fairhaven does not impose a minimum account requirement.
Fairhaven Wealth Management Background
Fairhaven Wealth Management was established in 2015. The firm is still owned by founder Marc Horner, and there are seven advisors on his staff. Of these, three are certified financial planners (CFPs), two are accredited investment fiduciaries (AIFs) and one is a chartered investment management analyst (CIMA).
For wealth management services, the firm charges a percentage of your AUM that won’t exceed 1.50%. Financial planning fees are typically charged as a fixed $5,000 fee, unless the firm negotiates a different arrangement with the client.
Fairhaven Wealth Management Investment Philosophy
Fairhaven Wealth Management primarily invests in individual equities, fixed-income securities, mutual funds and exchange-traded funds (ETFs) to construct client portfolios. However, it may consider other alternative investment products if the circumstances call for it.
To help determine the proper asset allocation, advisors will consider the client’s current investments, financial situation and goals, time horizon, investment experience, investment restrictions and risk tolerance.
Oak Asset Management, LLC
Oak Asset Management, LLC is a one-person advisory firm that’s been doing business since 2006. It provides fee-based advisory services to just over 200 clients. These clients include individuals, high-net-worth individuals and pension plans.
The firm can offer portfolio management, as well as financial planning and consulting services to its clients. Its minimum portfolio size of $250,000 is required for most prospective clients, though the firm may decide to waive this stipulation under certain circumstances.
Oak Asset Management Background
Oak Asset Management was founded in 2006. Scott Stuth, Joseph Sanders and Steve Blohm are all owners of the firm. Stuth serves as the firm's president, chief compliance officer (CCO) and sole advisor on staff. The firm has no certified financial planners (CFPs), chartered financial analysts (CFAs) or certified public accountants (CPAs).
Fees for investment management services tend to fall between 0.50% and 0.90% of your assets under management (AUM). For financial planning and consulting services, the firm charges an hourly fee of $150. With all of these fees, the firm may decide to negotiate a different arrangement at its discretion.
Oak Asset Management Investment Philosophy
Oak Asset Management tailors its investment strategy to each client, factoring in their risk tolerance, cash flow needs, timeline until retirement and overall investment goals. Typically, the firm will recommend exchange-listed securities, over-the-counter securities, corporate debt securities, certificates of deposit (CDs), municipal bonds, exchange-traded funds (ETFs) and mutual funds.
The firm primarily uses fundamental analysis to determine if a security fits a client’s needs. 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.
Landmark Capital, Inc.
Landmark Capital, Inc. is a five-person firm that comes in as one of the youngest firms on our list, having been founded in 2017. It has just under $142 million in assets under management (AUM), and it works with roughly 110 clients. The firm’s client base is a mix of individuals, high-net-worth individuals, pension plans, charitable organizations, businesses and family foundations. Landmark is a fee-based firm.
The firm provides both asset management and financial planning services to its clients. Financial planning will typically touch on topics like retirement planning, tax management, estate planning, risk management and education funding. Landmark has an account minimum of $500,000.
Landmark Capital Background
Landmark Capital was established in Oak Brook in 2017 by Thomas C. Reynolds, who continues to serve as the firm’s president. Kathleen A. Gforer is the firm’s vice president, and Sherlyn E. Brubeck is the third advisor on staff. All three advisors are certified financial planners (CFPs).
Asset management fees will depend on which of the firm’s asset management programs you participate in. They go as follows:
- Landmark Asset Management Program - This fee will be a negotiable percentage of your AUM that won’t exceed 2.00%.
- Financial Advisor Program - This uses a wrap fee program made available through Securities America Advisors. There is a maximum fee percentage of 3.00%.
- Managed Opportunities Program - Again, this program comes with a wrap fee program made available through Securities America Advisors. The maximum fee percentage here is 2.20%.
Financial planning fees will be charged at an hourly rate of up to $500. An estimated total will be presented to the client before any work is done. Then, the client will pay half of the total before and the remainder of the fee once the completed plan has been presented.
Landmark Capital Investment Philosophy
Landmark Capital uses a handful of investment strategies when constructing clients’ portfolios. Its primary choice is the “core and satellite” approach. This involves investing in a foundation of domestic stocks and fixed-income securities (or funds representing them). Then, your advisor will surround these core investments with securities from emerging markets, high-yield bonds or alternative investments, like real estate securities.
The firm seeks to personalize its services on a client-to-client basis, tailoring its investment strategy to each client's portfolio size, risk tolerance, investment objectives and time horizon. The firm takes these factors into account and uses them to formulate an asset allocation and investment strategy that’s best equipped to produce success over the long term.
Stonebridge Wealth Management, LLC
Stonebridge Wealth Management, LLC has been an investment advisor in Illinois since 2013. Its 700 clients are almost entirely individuals, with around 30 high-net-worth individuals as well. The firm has just under $114 million in assets under management (AUM).
Stonebridge provides fee-based investment management, financial planning and consulting services to its clients. The firm generally imposes a minimum account size of $500,000, although it may waive this at its discretion.
Stonebridge Wealth Management Background
Stonebridge Wealth Management was formed in 2013. The firm has two principal owners, William Laipple and Christopher Plahm. These owners also serve as two of the firm’s three advisors, with Bryan M. Petry rounding out the team. Laipple and Plahm are certified financial planners (CFPs).
Stonebridge Wealth Management calculates investment management fees as a percentage of AUM. The exact percentage is negotiable and won’t exceed 1.50%. Financial planning fees may be fixed rates between $1,500 and $10,000, or an hourly fee of $500.
Stonebridge Wealth Management Investment Philosophy
Stonebridge Wealth Management’s investment approach is grounded in the belief that markets are efficient in the long term. The firm typically invests in open-end mutual funds and exchange-traded funds (ETFs) for most of its clients. In special circumstances, though, it may also invest in equities, warrants, fixed-income securities, municipal securities, private placements, pooled investment vehicles, structured products, corporate debt obligations, variable annuities and real estate investment trusts (REITs).
The firm recognizes that no two clients have identical financial situations, so it makes sure to tailor its services and investment strategy to each client’s investing goals, time horizon, relationship with risk and cash flow needs, among other factors.
Money Managers Advisory
Money Managers Advisory has been providing investment advice to clients in the Oak Brook area since 1998. Its 475 clients are all individuals - both high-net-worth and otherwise. Money Managers Advisory is a fee-based firm, and there is no minimum account size requirement here.
The firm provides financial planning and consulting services to its clients, along with discretionary investment advisory. The firm can consult clients on estate planning, tax planning and insurance matters.
Money Managers Advisory Background
Money Managers Advisory was founded in 1998. It’s wholly owned by Nancy Coutu, who also serves as the president of the firm. Coutu and John Gajkowski are the firm’s two advisors, and both of them are certified financial planners (CFPs), chartered life underwriters (CLUs) and chartered financial consultants (ChFCs).
Fees for investment advisory services will be a percentage of your assets under management (AUM) that ranges from 0.80% to 1.60%. Financial planning services may be a fixed fee or an hourly fee. If fixed, the fee will range from $500 to $3,000. If hourly, the fee will be $150.
Money Managers Advisory Investment Philosophy
Money Managers Advisory applies a range of methods when it comes to analyzing potential securities. Among these are fundamental analysis and cyclical analysis. Fundamental analysis is the practice of gauging a security’s intrinsic value by examining the fundamental factors that can affect its value. These include things like the overall state of the economy, the financial health of the company and its management. Cyclical analysis is the practice of examining how market and business cycles can affect security prices.
The firm typically creates and maintains client portfolios with the long term in mind. The firm prioritizes cultivating a diversified allocation of asset classes over individual security selection, as it believes that this has a much greater impact on the long-term success of a portfolio.