Top 7 Best Financial Consultants in Chicago

Choosing the right financial consultant can significantly impact your financial future. Whether you’re planning for retirement, managing investments, or navigating tax strategies, expert advice is invaluable. This guide from chicago.com presents the Top 7 Best Financial Consultants in Chicago, offering insights into the services they provide and key considerations to keep in mind.

Financial consultants can offer a variety of services tailored to meet your unique needs. Here are some of the services you might expect:

Investment Management: Crafting and managing a diversified investment portfolio to achieve your financial goals.
Retirement Planning: Developing strategies to ensure a comfortable and secure retirement.
Tax Planning: Implementing techniques to minimize tax liabilities and maximize returns.
Estate Planning: Assisting with wills, trusts, and the efficient transfer of assets.
Risk Management: Assessing and mitigating financial risks through insurance and other strategies.
Budgeting and Saving: Creating plans for effective money management and savings growth.

When selecting a financial consultant, consider the following aspects:

Experience: The consultant’s track record and expertise in financial planning.
Credentials: Professional qualifications such as CFP (Certified Financial Planner) or CFA (Chartered Financial Analyst).
Fee Structure: Understanding whether they charge a flat fee, hourly rate, or a percentage of assets managed. Prices can vary widely, so clarity is crucial.
Client Reviews: Feedback from current and former clients can provide insights into their satisfaction and success.

By exploring these elements, you’ll be better equipped to find a financial consultant who aligns with your financial goals and needs.

1. Nationwide Credit Clearing
2. Ira Club
3. Stride Financial

4. McAdam Financial
5. DeRose Financial Planning Group
6. Serenity Wealth Management
7. Cts Financial Group

Number of companies

746

Verified reviews

4,84

Average rating

(773)8627700

1. Nationwide Credit Clearing

★ ★ ★ ★ ★ 4,6/5

2336 N Damen Ave, 60647.0, Chicago

Financial consultant
Credit counseling service

Why we chose them

Nationwide Credit Clearing stands out as a premier choice for individuals seeking expert guidance in financial management. With a strong focus on credit counseling services, the company has carved a niche in helping clients understand and improve their credit scores. Their team of seasoned professionals works diligently to provide personalized solutions, empowering clients to achieve financial stability and peace of mind. This dedication to client success makes them a noteworthy addition to our directory.

Specializing as a financial consultant, the company offers comprehensive strategies tailored to meet the unique needs of each individual. By prioritizing transparency and education, they ensure clients are well-informed and confident in their financial decisions. Their commitment to excellence and customer satisfaction is evident in their meticulous approach to credit repair and financial consulting, making them a trusted partner for anyone looking to enhance their financial future.

(312)7950988

2. Ira Club

★ ★ ★ ★ ★ 4,8/5

67 E Madison St #1510, 60603.0, Chicago

Financial consultant

Why we chose them

IRA Club stands out as a premier financial consultant specializing in self-directed retirement accounts. With a focus on facilitating alternative investments, the company empowers clients to explore diverse asset classes, such as real estate, private placements, and precious metals. Their streamlined process and flat fee model make investing in alternatives both accessible and cost-effective. The firm’s dedication to compliance and education is evident through their comprehensive resources, including webinars and personalized support. This approach ensures clients are well-informed and confident in managing their retirement savings.

Investors benefit from IRA Club’s innovative platform, which provides direct access to investment sponsors, allowing for thorough due diligence. Whether transferring funds from existing IRAs or rolling over 401(k)s, the company’s expertise ensures a smooth transition into self-directed accounts. Additionally, their exclusive resources, such as retirement calculators and non-recourse lenders, support clients in maximizing their investment potential. With exceptional customer service and a commitment to client success, the company offers a robust solution for those seeking to diversify and grow their retirement portfolios.

(312)7679166

3. Stride Financial

★ ★ ★ ★ ★ 4,9/5

1925 N Clybourn Ave Suite 301, 60614.0, Chicago

Financial planner

Why we chose them

STRIDE Financial stands out as a full-service financial services brokerage dedicated to offering comprehensive, holistic financial planning solutions. The firm specializes in a wide array of services, including retirement planning, college planning, estate planning, and business planning, along with essential insurance products such as life, health, property, casualty, long-term care, and disability insurance. Their team of experienced financial advisors and wealth managers focuses on helping clients preserve their savings, transforming it into a steady income source for retirement. Affiliated with the national network Retirement Income Source, the firm is committed to reducing stock market risk exposure for retirees and pre-retirees, ensuring a secure financial future.

Based in Chicago, Illinois, the company emphasizes education through resources like webinars, market commentaries, and the Mindful Money radio show. Their expertise extends to services such as social security maximization, tax planning, and wealth management, offering clients a well-rounded approach to financial security. The firm’s comprehensive offerings, coupled with personalized advice, cater to individuals at various life stages—from those just starting their careers to those planning their retirement exit strategies. Their commitment to client education and financial readiness makes them a valuable addition to our directory, providing clients with the tools needed to achieve their long-term financial goals.

(312)5094500

4. McAdam Financial

★ ★ ★ ★ ★ 4,8/5

141 W Jackson Blvd Suite #1950, 60604.0, Chicago

Financial planner
Financial advisor
Financial consultant
Insurance agency
Investment service

Why we chose them

McAdam Financial is a nationally recognized firm dedicated to empowering clients to achieve their dream retirement. With a focus on crafting personalized roadmaps, they offer services in retirement planning, 401(k) optimization, tax and insurance analysis, investment planning, education planning, estate planning, and employer benefits optimization. Their fiduciary financial advisors, particularly in their Chicago office, work closely with clients to develop comprehensive strategies tailored to individual goals and risk tolerance, ensuring a secure and peaceful retirement journey.

Utilizing an Advanced Advisory Model™, the company provides specialized strategies designed to grow, sustain, and protect wealth. Their three-step process—discover, evaluate, and plan—ensures clarity and confidence in advancing clients’ retirement goals. With locations in Boston, Philadelphia, and Virginia, McAdam offers advanced wealth solutions that help clients make the most of their hard-earned assets. Known for their in-depth analysis of financial trends and market influences, they provide clients with robust strategies to navigate uncertainties and maintain financial security in retirement.

(773)8673631

5. DeRose Financial Planning Group

★ ★ ★ ★ ★ 5,0/5

8755 W Higgins Rd STE 200, 60631.0, Chicago

Financial planner

Why we chose them

DeRose Financial Planning Group is a leading firm in the financial planning industry, celebrated for its holistic approach and client-centric philosophy. With over 32 years of experience, they provide comprehensive financial planning services, including retirement planning, wealth protection, and estate planning. Their team of seasoned professionals, with expertise in CFP® and JD/CPA, focuses on empowering clients to achieve personal and financial goals through tailored strategies and insightful advice. By serving both individuals and business owners, they help clients navigate life’s financial transitions with confidence and integrity.

Specializing in both individual and business planning, the group emphasizes the importance of multigenerational and succession planning, ensuring the longevity and growth of their clients’ wealth. Their investment management services are personalized to align with each client’s unique benchmarks and objectives, supported by an investment philosophy that is as robust as it is adaptable. The firm’s dedication to education is evident through their blog and resource center, offering valuable insights penned by industry experts. Celebrating 29 years of passionate service, DeRose Financial Planning Group stands out for its commitment to delivering practical financial solutions and wealth management with a personal touch.

(312)7341415

6. Serenity Wealth Management

★ ★ ★ ★ ★ 5,0/5

333 S Wabash Ave UNIT 2700, 60604.0, Chicago

Financial planner
Financial advisor
Financial consultant
Investment service

Why we chose them

Serenity Wealth Management stands out in the financial advisory landscape with its comprehensive range of services, including financial planning, investment services, and professional tax guidance. Located in Chicago, this firm is dedicated to helping clients navigate the complexities of financial management, from retirement and estate planning to addressing Sudden Wealth Syndrome. Their team of fiduciary wealth managers holds CFP© credentials, ensuring that client interests are prioritized in every decision. This commitment to trust and professionalism has earned them recognition as one of AdvisorHub’s top RIAs to watch for two consecutive years.

The firm’s unique approach involves a detailed understanding of each client’s financial journey, from the Financial Literacy Phase to the Spending/Distribution Phase. They partner with CPAs and attorneys to offer holistic services at no additional cost to qualifying clients, addressing complex tax and estate strategies. By acting as personal CFOs, they create tailored strategies to guide investment decisions, ensuring that client goals are met. Their philosophy centers on fostering long-term relationships, which is evident in their dedication to adapting advice and strategies to the changing financial landscape.

(312)3371040

7. Cts Financial Group

★ ★ ★ ★ ★ 4,8/5

737 N Michigan Ave #2120, 60611.0, Chicago

Financial planner
Investment service
Insurance agency
Tax preparation service

Why we chose them

CTS Financial Group is a distinguished Chicago-based financial advisory and planning boutique that prioritizes personalized client interaction. They offer a comprehensive suite of services, including financial planning, investment services, insurance, and tax preparation. With a strong emphasis on holistic wealth management, the company provides insightful strategies to help clients achieve their financial goals while ensuring protection for their future. Since 1981, they have been recognized for delivering sound tax advice and developing retirement plans that facilitate comfortable living post-career.

With a focus on conversation, teamwork, and solutions, the company helps clients navigate their financial journey through services like company 401K monitoring and insurance planning. Their leadership team is committed to fostering strong client relationships, ensuring that no one has to manage their financial life alone. They also offer a resource center for clients interested in conducting independent research, further demonstrating their dedication to client education and empowerment.

FAQs

What services do financial consultants in Chicago typically offer?

Financial consultants in Chicago typically offer services such as investment management, retirement planning, tax planning, estate planning, risk management, and budgeting and saving strategies.

How much do financial consulting services cost in Chicago?

The cost of financial consulting services in Chicago can vary widely. On average, you might expect to pay between 100 and 300 euros per hour for a consultant's services. Some may charge a flat fee ranging from 1,000 to 5,000 euros or a percentage of assets under management, typically around 1%.

How do I choose the right financial consultant for my needs?

To choose the right financial consultant, consider their experience, credentials such as CFP or CFA, fee structure, and client reviews. It's important to find someone who aligns with your financial goals and needs.

What qualifications should I look for in a financial consultant?

Look for qualifications such as a Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). These credentials indicate a high level of expertise and adherence to ethical standards.

How long does it typically take to see results from financial consulting?

The timeline for seeing results from financial consulting varies depending on your financial goals. Some strategies may show results within a few months, while others, such as retirement planning, are long-term endeavors.

What should I expect during my first meeting with a financial consultant?

During your first meeting, expect to discuss your financial goals, current financial situation, and any specific concerns you have. The consultant will likely ask questions to better understand your needs and will explain how they can help.

Is it necessary to have a financial consultant if I already have a financial planner?

While both professionals offer financial guidance, a financial consultant often provides more specialized advice on investments and tax strategies. If your financial planner's services meet all your needs, additional consulting might not be necessary.

Can a financial consultant help with tax planning in Chicago?

Yes, many financial consultants in Chicago offer tax planning services. They can help you implement strategies to minimize your tax liabilities and maximize your returns, taking into account local tax laws and regulations.