Top Financial Advisors in Springfield, IL

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KEB Wealth Advisors works with non-high-net-worth and high-net-worth individuals, as well as pensions and profit-sharing plans, charities and corporations. There is no set account minimum here, but there is a minimum annual fee of $3,000.

KEB Wealth Advisors is a fee-only firm. This means that its compensation only comes from clients. This is in contrast to fee-based firms, which also feature a commission-based arrangement in addition to client fees. 

KEB Wealth Advisors Background

Originally, Kerber, Eck and Braekel CPAs and Management Consultants was an accounting firm. In 1999, J. Marc Carter and other partners reorganized the firm, shortening its name to KEB Wealth Advisors.

The firm provides investment management services mostly on a discretionary basis. In addition, the firm offers financial planning services addressing such areas as: 

• Personal budgeting and savings
• Tax planning
• Death and disability analysis 
• Retirement planning 

KEB Wealth Advisors Investing Strategy

KEB Wealth Advisors utilizes portfolio asset allocation software to design and construct a portfolio that adheres to a client’s specific risk tolerance and investment goals. The firm’s advisors generally build these portfolios with passively managed index mutual funds from Dimensional Fund Advisors (DFA).

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Sikich Financial provides wealth management services, as well as accounting, insurance, investment banking and other services.

The team's financial advisor certifications include certificed public accountant (CPA), certified financial planner (CFP), accredited investment fiduciary (AIF), chartered financial analyst (CFA) and other designations.

To open an account with this firm, whose legal name is Sikich Capital Management, you'd generally need a minimum of $250,000, though the firm may waive this requirement at its discretion.

Sikich Financial is a fee-based firm, so it may earn compensation from third-party sources in addition to fees it collects from clients. This arrangement potentially poses a conflict of interest, though the firm still has a fiduciary duty to always provide advice in the best interest of the client. 

Sikich Financial Background

Sikich Financial first opened its doors in 2007. It is wholly owned by Sikich LLP, which in turn is owned by its employees. The firm's main office is in Springfield, but it has branches in Illinois (Chicago, Decatur, Naperville and Peoria). The practice also has offices in Ohio, Virginia, Massachusetts, California, Indiana, Maryland, Wisconsin, Minnesota, Missouri and New Jersey.

The firm specializes in investment management services via wrap-fee programs sponsored by Triad Advisors and another by Pinnacle. The practice also advises on financial planning topics like goal setting, investment planning, estate planning, stock option planning, insurance planning, cash flow planning, real estate planning, education planning, retirement planning and long-term care planning.

Sikich Financial Investing Strategies

Sikich Financial generally makes investment decisions based on modern portfolio theory, which posits that diversified portfolios can maximize returns and reduce risk by offering exposure to different asset classes and types of securities. Sikich Financial uses asset allocation software to determine the investment mix for a client appropriate to his or her risk tolerance and time horizon.

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The financial advisor team at Troxell Financial is responsible for hundreds of millions in client assets under management. Collectively, these financial advisors hold several professional certifications, including certified financial planner (CFP), certified public accountant (CPA), accredited investment fiduciary (AIF), registered financial consultant (RFC) and professional plan consultant (PPC) designations.

To establish an investment advisory relationship with the firm, you typically need a minimum investment of $100,000. However, the firm may waive this requirement at its discretion. 

Troxell is a fee-based firm. This means it earns insurance product sales compensation in addition to advisory fees collected from its clients. That said, Troxell has a fiduciary duty to provide advice solely in the best interests of its clients.

Troxell Financial Background

Troxell Financial, whose legal name is Crumly and Associates, was established in 2011. Kevin Crumly, president and chief compliance officer (CCO), is the current owner. With more than 25 years of experience in the financial services space, Crumly manages a team that provides portfolio management services to a diverse group of clients.

The firm also offers financial planning services. Depending on your needs, your financial plan may address saving for retirement, investing in education through 529 plans, analyzing life insurance needs, identifying long-term care needs and estate planning. In addition, Troxell serves as a fiduciary investment manager or investment advisor to defined contribution plans such as 401(k)s. 

Troxell Financial Investment Strategy

Troxell Financial’s advisors build investment portfolios tailored to the specific needs and risk appetite of the client. It aims for diversification by investing across various asset classes. When evaluating investments, the firm generally relies on fundamental analysis. This method explores factors such as the financial health of a company, industry conditions and the state of the overall economy to measure the intrinsic value of a stock or other similar investment.

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Skinner, Copper & Ehmen Wealth Management offers portfolio management services through wrap fee accounts only. This means that all charges are combined into a single rate, as opposed to advisory, transactional and custodial fees all being separate.

The team of advisors holds multiple certifications, including certified financial planner (CFP), chartered life underwriter (CLU), personal financial specialist (PFS) and certified public accountant (CPA) designations. 

The firm does not require a minimum account balance for any of its services. It also operates as a fee-based advisor. In turn, some advisors can sell insurance products and securities on a commission basis, which potentially poses a conflict of interest. However, the firm and its advisors must uphold their legal fiduciary duty to work in the best interests of clients. 

Skinner, Copper & Ehmen Wealth Management Background

The original partnership between Ryan Ehmen and James Copper began in 2000. Douglas Skinner then joined the firm in 2007. The firm registered as an investment adviser in 2012. Today, Skinner, Copper & Ehmen Wealth Management offers the following services to its clients: 

• Wrap comprehensive portfolio management
• Wrap & non-wrap asset management
• Financial planning & consulting
• Pension consulting
• Referrals to third-party money managers 

Skinner, Copper & Ehmen Wealth Management Investing Strategy

When creating investment portfolios, Skinner, Copper & Ehmen Wealth Management considers several factors including the client's financial needs and tolerance for risk. Depending on this and other factors, advisors may build portfolios with individual stocks or bonds, exchange traded funds (ETFs), options, mutual funds and other public and private securities. 

The firm reviews portfolios at least quarterly and rebalances them when it deems it necessary to help the client achieve investment goals.

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BOS Asset Management's client base consists mostly of non-high-net-worth and high-net-worth individuals, as well as charitable organizations, insurance companies and businesses.

The fee-based firm does not have a specific minimum investment requirement.

Certain on-staff advisors at BOS can sell insurance products and securities on a commission basis. Although this is a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.

BOS Asset Management Background

BOS Asset Management is the youngest firm on our list, as it was founded in just 2020. As you can infer from its name, the firm is owned by the Bank of Springfield.

Financial planning at BOS can cover a wide range of topics. These include retirement planning, insurance planning, college fund planning, tax planning, cash flow analysis, trust and estate planning and business planning. Custom investment management services are also available.

BOS Asset Management Investing Strategy

BOS Asset Management tailors every portfolio to each client's individual situation. Some of the most important factors used in this process include risk tolerance, time horizon, liquidity needs and financial goals. Clients have some control over specific investment they may or may not want included in their portfolio, though the firm has certain securities that it prefers to invest in. These include individual stocks, mutual funds, ETFs and, on occasion, individuals bonds.

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Robert Gordon & Associates provides financial planning and investment management services to hundreds of clients. Clients of the firm include high-net-worth individuals, non-high-net-worth individuals and a pooled investment vehicle. All of the firm's advisors are certified financial planners (CFPs). 

The firm imposes a minimum account balance of $50,000 for investment management services.

Advisors with Robert Gordon & Associates work on a fee-only basis. This means their compensation comes solely from client-paid fees. In turn, the firm doesn’t earn commissions from third-party companies, such as insurance or mutual fund firms, for investing client assets in their products.

Robert Gordon & Associates Background

Robert Gordon & Associates has been active in Springfield since 1983. Robert A. Gordon is the sole owner of the firm, and he has more than three decades of experience in the financial services industry. He’s also the founder of the central Illinois chapter of the International Association for Financial Planning. 

He leads a team that offers portfolio management and financial planning services. They can advise on, wealth management, taxes, investments, insurance, pensions, retirement and estate planning.

In addition, the firm provides independent investment advisors with access to Institutional Intelligent Portfolios, an automated investment platform sponsored by Schwab Wealth Investment Advisory, Inc. These automated portfolios are generally built with exchange-traded funds (ETFs) and a cash allocation. 

Robert Gordon & Associates Investing Strategy

Robert Gordon & Associates manages client assets as it deems suitable to help them meet their investment goals. So it considers their risk tolerance, time horizon and other factors when making investment decisions.

When evaluating securities, the firm steers away from technical analysis and charting, instead primarily focusing on fundamental analysis. This involves measuring the intrinsic value of a stock by exploring economic variables such as the stock-issuing company's financial health, the industry and the overall state of the global economy. It also turns to market data published by financial media, third-party research publications and more.