Finding a Top Financial Advisor Firm in Rockford, Illinois
Choosing a financial advisor in Rockford, Illinois, can be a tough call when you have so many options to consider - and fine print to read. So to help, we did the initial research for you, collecting and analyzing the data to bring you the top financial advisor firms in Rockford. To cut to the chase even more, use our advisor matching tool. This interactive application recommends up to three local advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Savant Wealth Management Find an Advisor||$9,591,019,191||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Bates Financial Advisors, Inc. Find an Advisor||$529,249,409||$100,000|| || |
|3||Heritage Way Advisors, LLC Find an Advisor||$368,490,866||$1,000,000|| || |
|4||Focus Financial Advisors Find an Advisor||$115,474,005||$500,000|| || |
How We Found the Top Financial Advisor Firms in Rockford, Illinois
To find the top financial advisors in Rockford, 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:
Savant Wealth Management
Savant Wealth Management is a fee-only financial advisor that serves high-net-worth individuals and non-high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations, investment advisers and corporations.
Account minimums vary, depending on the scope of services you seek. Wealth management service fees are based on the total assets under management, ranging from an annualized rate of 0.5% to 1%. Clients with less than $1,000,000 will pay a minimum $10,000 annual fee and a higher annualized rate than the 1% maximum.
Savant Wealth Management Background
Savant has been offering investment advisory services since 1986, when it operated under a different name. Today, SCMI, Inc. is its principal owner.
The firm provides portfolio management and financial planning services. It can create a personalized financial plan that touches upon some or all of the following topics:
- Estate planning and wealth transfer
- Retirement savings
- Tax consulting
Savant Wealth Management Investing Strategy
Savant creates investment portfolios that seek to help clients meet their financial goals. When making asset allocation decisions, the firm emphasizes the following personal factors of each client:
- Risk tolerance
- Long-term rate-of-return objective
- Investment time horizon
- Income and liquidity needs
- Tax considerations
- Recommended asset allocation/asset class guidelines
- Limitations on investment holdings
Bates Financial Advisors, Inc.
Bates Financial Advisors, Inc. is a fee-based firm that works primarily with individuals and high-net-worth individuals. The four-advisor team features two certified financial planners (CFPs).
Bates Financial requires a minimum $100,000 to open an investment account. It follows then that most of its individuals clients do not have a high net worth. Additionally, the practice works with:
- Pension and profit-sharing plans (other than plan participants)
- Charitable organizations
- Corporations and other businesses
- State and municipal government entities
Bates Financial Advisors Background
Bates Financial Advisors was founded in 1984. QCR Holdings, Inc., a publicly traded company, owns the firm.
The practice provides portfolio management on a discretionary or non-discretionary basis. Advisors design portfolios tailored to clients' investment goals and risk tolerance. Bates Financial also offers financial planning and consulting. The firm may advise on numerous financial areas such as tax planning, insurance review, saving for your child’s education through 529 college savings plans and more.
Bates Financial Advisors Investing Strategy
Asset allocation is at the heart of Bates Financial's investment strategy, which it bases on individual factors such as risk appetite, time horizon and tax situation. The firm uses both long-term purchases (securities held for at least a year) and short-term purchases (securiteis sold within a year).
Heritage Way Advisors, LLC
Heritage Way Advisors, LLC (HWA) is a fee-only firm that manages assets for individuals, high-net-worth individuals, charitable organizations and corporations.
This five-person advisory team holds multiple certifications, including certified financial planner (CFP) and chartered financial analyst (CFA) designations.
HWA typically requires a minimum investment of $1 million to open an account. However, the firm may waive this requirement at its discretion.
Heritage Way Advisors Background
Gary Ollmann and Joan Ollmann founded the firm in 2003. They are the principal owners through a trust.
The firm is primarily in the business of providing discretionary investment advisory services tailored to the client. The practice may also manage investments on a non-discretionary basis. It reported in its SEC filings that it offers financial planning, though it does not describe the service or its fees in its brochure.
Heritage Way Advisors Investment Strategy
Heritage Way makes investment decisions and sets an asset allocation based on clients' overall financial situation, risk tolerance and other factors. The firm doesn’t limit itself to certain types of securities, but generally implements portfolios using common stocks, bonds and exchange-traded funds. At the client's request, it may also invest in mutual funds and options. Heritage Way's main method of analysis is fundamental, and to a lesser degree, technical.
Focus Financial Advisors
Focus Financial Advisors is a fee-only firm that manages assets for both individuals and high-net-worth individuals. Also known as Focus Wealth Planning, the advisory team holds multiple certifications, including two certified financial planners (CFPs) and one certified public accountant (CPA).
The minimum requirement for an investment account at Focus is $500,000, though the firm may waive it at its discretion. The firm charges clients a percentage of assets under management for investment advisory services, which typically ranges between between .6% and 1%.
Focus Financial Advisors Background
Established in 2018, Focus Financial Advisors has roots that go back to 1987 as Robert Lawrenze Consulting. Today, its principal owner is Jon Aldrich through a trust. Aldrich has been with the firm since 2004.
The firm provides investment management services. It may recommend Pinnacle Advisory Group to provide sub-advisory services. The firm also offers financial planning for topics such as retirement savings, estate planning and wealth transfer.
Focus Financial Advisors Investment Strategy
Focus Financial Advisors uses both strategic and tactical asset allocation. It will diversify portfolios across a variety of asset classes. In analyzing securities, the firm applies fundamental and technical analyses.