# Financial advisors for charitable organizations in Chicago, IL > AdvisorCensus lists 218 investment advisory firms with a principal office in the Chicago metro area that report charitable organizations among their clients on Form ADV Item 5.D, from filings as of October 2026. Item 5.D asks each firm which types of clients it advises; reporting a client type means the firm serves it, not that it serves only that type. Firms are listed alphabetically; each firm's page lists its client types as filed. Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/il/chicago/for-charities/page/5 ## At a glance - Investment advisory firms: 218 - Registration: SEC-registered investment adviser: 179, State-registered investment adviser: 39 - How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 76 (35%); Percentage of assets 212 (97%); Hourly charges 89 (41%); Subscription fees (newsletter or periodical) 3 (1%); Fixed fees 141 (65%); Commissions 13 (6%); Performance-based fees 44 (20%); Other 27 (12%) - Regulatory assets under management (Item 5.F): Under $25 million 17 (8%); $25 million to $100 million 19 (9%); $100 million to $500 million 56 (26%); $500 million to $1 billion 31 (14%); $1 billion to $5 billion 42 (19%); Over $5 billion 48 (22%); Not reported 5 (2%) - Years registered: Under 5 years 52 (24%); 5 to 9 years 44 (20%); 10 to 19 years 54 (25%); 20 years or more 68 (31%) ## Firms (page 5 of 5, 201 to 218 of 218, sorted by name) | Firm | CRD | City | Registration | Assets band | Years registered | Compensation | | --- | --- | --- | --- | --- | --- | --- | | [Vermillion Financial Advisors, Inc.](https://advisorcensus.com/firm/vermillion-financial-advisors-inc-south-barrington-il-119239) ([md](https://advisorcensus.com/firm/vermillion-financial-advisors-inc-south-barrington-il-119239.md)) | 119239 | South Barrington, IL | SEC-registered investment adviser | $100 million to $500 million | 18 | % of assets, Hourly, Fixed fee | | [Versatile Capital Management L.L.C.](https://advisorcensus.com/firm/versatile-capital-management-l-l-c-chicago-il-173611) ([md](https://advisorcensus.com/firm/versatile-capital-management-l-l-c-chicago-il-173611.md)) | 173611 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Other | | [Vertex Partners](https://advisorcensus.com/firm/vertex-partners-downers-grove-il-316839) ([md](https://advisorcensus.com/firm/vertex-partners-downers-grove-il-316839.md)) | 316839 | Downers Grove, IL | SEC-registered investment adviser | $1 billion to $5 billion | 4 | % of assets, Fixed fee | | [Vertis Wealth, LLC](https://advisorcensus.com/firm/vertis-wealth-llc-chicago-il-307270) ([md](https://advisorcensus.com/firm/vertis-wealth-llc-chicago-il-307270.md)) | 307270 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Other | | [Vestgen Advisors, LLC](https://advisorcensus.com/firm/vestgen-advisors-llc-chicago-il-318657) ([md](https://advisorcensus.com/firm/vestgen-advisors-llc-chicago-il-318657.md)) | 318657 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 4 | % of assets, Hourly, Fixed fee | | [Vestor Capital, LLC](https://advisorcensus.com/firm/vestor-capital-llc-chicago-il-165855) ([md](https://advisorcensus.com/firm/vestor-capital-llc-chicago-il-165855.md)) | 165855 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 14 | % of assets, Fixed fee, Other | | [Vista Financial Planning](https://advisorcensus.com/firm/vista-financial-planning-oak-park-il-129729) ([md](https://advisorcensus.com/firm/vista-financial-planning-oak-park-il-129729.md)) | 129729 | Oak Park, IL | State-registered investment adviser | Not reported | 22 | Fixed fee | | [Walsh Advisors](https://advisorcensus.com/firm/walsh-advisors-crown-point-in-122628) ([md](https://advisorcensus.com/firm/walsh-advisors-crown-point-in-122628.md)) | 122628 | Crown Point, IN | State-registered investment adviser | $25 million to $100 million | 25 | % of assets, Subscription | | [Wavvest Wealth](https://advisorcensus.com/firm/wavvest-wealth-chicago-il-332096) ([md](https://advisorcensus.com/firm/wavvest-wealth-chicago-il-332096.md)) | 332096 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 2 | % of assets | | [Western Pacific Wealth Management, LP](https://advisorcensus.com/firm/western-pacific-wealth-management-lp-lake-forest-il-152714) ([md](https://advisorcensus.com/firm/western-pacific-wealth-management-lp-lake-forest-il-152714.md)) | 152714 | Lake Forest, IL | SEC-registered investment adviser | $100 million to $500 million | 16 | % of assets | | [William Blair & Company L.L.C.](https://advisorcensus.com/firm/william-blair-and-company-l-l-c-chicago-il-1252) ([md](https://advisorcensus.com/firm/william-blair-and-company-l-l-c-chicago-il-1252.md)) | 1252 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 78 | % of assets, Fixed fee | | [William Blair Investment Management, LLC](https://advisorcensus.com/firm/william-blair-investment-management-llc-chicago-il-173961) ([md](https://advisorcensus.com/firm/william-blair-investment-management-llc-chicago-il-173961.md)) | 173961 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 11 | % of assets, Performance fee | | [Wisdom Investments](https://advisorcensus.com/firm/wisdom-investments-hoffman-estates-il-123197) ([md](https://advisorcensus.com/firm/wisdom-investments-hoffman-estates-il-123197.md)) | 123197 | Hoffman Estates, IL | State-registered investment adviser | $25 million to $100 million | 27 | % of assets, Hourly, Fixed fee | | [Woodfield Financial Advisors, Inc.](https://advisorcensus.com/firm/woodfield-financial-advisors-inc-deer-park-il-123279) ([md](https://advisorcensus.com/firm/woodfield-financial-advisors-inc-deer-park-il-123279.md)) | 123279 | Deer Park, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Hourly, Fixed fee | | [Zacks Intelligence LLC](https://advisorcensus.com/firm/zacks-intelligence-llc-chicago-il-333798) ([md](https://advisorcensus.com/firm/zacks-intelligence-llc-chicago-il-333798.md)) | 333798 | Chicago, IL | SEC-registered investment adviser | Under $25 million | 1 | % of assets, Subscription, Other | | [Zacks Investment Management, Inc.](https://advisorcensus.com/firm/zacks-investment-management-inc-chicago-il-110897) ([md](https://advisorcensus.com/firm/zacks-investment-management-inc-chicago-il-110897.md)) | 110897 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 34 | % of assets, Fixed fee, Performance fee | | [ZHP Capital LLC](https://advisorcensus.com/firm/zhp-capital-llc-barrington-il-149204) ([md](https://advisorcensus.com/firm/zhp-capital-llc-barrington-il-149204.md)) | 149204 | Barrington, IL | State-registered investment adviser | $25 million to $100 million | 17 | % of assets, Hourly, Fixed fee | | [Zuckerman Investment Group](https://advisorcensus.com/firm/zuckerman-investment-group-chicago-il-137785) ([md](https://advisorcensus.com/firm/zuckerman-investment-group-chicago-il-137785.md)) | 137785 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 20 | % of assets | - Previous page: https://advisorcensus.com/advisors/il/chicago/for-charities/page/4.md ## Questions people ask **Which financial advisors in Chicago, IL work with charitable organizations?** 218 investment advisory firms with a principal office in the Chicago metro area report charitable organizations among their clients on Form ADV Item 5.D, as of October 2026; this page lists them. Form ADV Item 5.D asks every registered adviser which types of clients it advises, with the number of each and the assets it manages for them; a firm appears here when it reports at least one. **How many financial advisory firms are there in Chicago, IL?** AdvisorCensus lists 1,071 investment advisory firms with a principal office in the Chicago metro area, from Form ADV filings as of October 2026: 635 SEC-registered, 299 state-registered, and 137 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV. **How many fee-only financial advisors are in Chicago, IL?** 277 of the 1,071 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed. **How many financial advisors in Chicago, IL offer financial planning?** 465 of the 934 firms in Chicago, IL that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports. **Are the financial advisors in Chicago, IL fiduciaries?** Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 277 firms that meet AdvisorCensus's fee-only test report none of those sales ties. **How do I check whether a financial advisor has disciplinary disclosures?** Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck. **Does AdvisorCensus rate, verify, or recommend these firms?** No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content. **What does regulatory assets under management mean?** Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. 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Financial advisors for charitable organizations in Chicago, IL: 218 firms from Form ADV filings as of October 2026.