# Flat-fee financial advisors in Illinois

> AdvisorCensus lists 590 investment advisory firms with a principal office in Illinois that report fixed fees among their Form ADV Item 5.E compensation arrangements, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.

Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/il/flat-fee/page/7

## At a glance

- Investment advisory firms: 590
- Registration: SEC-registered investment adviser: 313, State-registered investment adviser: 277
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 229 (39%); Percentage of assets 526 (89%); Hourly charges 342 (58%); Subscription fees (newsletter or periodical) 8 (1%); Fixed fees 590 (100%); Commissions 33 (6%); Performance-based fees 63 (11%); Other 69 (12%)
- Regulatory assets under management (Item 5.F): Under $25 million 137 (23%); $25 million to $100 million 92 (16%); $100 million to $500 million 154 (26%); $500 million to $1 billion 47 (8%); $1 billion to $5 billion 50 (8%); Over $5 billion 52 (9%); Not reported 58 (10%)
- Years registered: Under 5 years 189 (32%); 5 to 9 years 129 (22%); 10 to 19 years 154 (26%); 20 years or more 118 (20%)

## Firms (page 7 of 12, 301 to 350 of 590, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [Lester Financial Group, LLC](https://advisorcensus.com/firm/lester-financial-group-llc-champaign-il-317036) ([md](https://advisorcensus.com/firm/lester-financial-group-llc-champaign-il-317036.md)) | 317036 | Champaign, IL | SEC-registered investment adviser | $100 million to $500 million | 4 | % of assets, Hourly, Fixed fee |
| [Lestna Retirement, LLC](https://advisorcensus.com/firm/lestna-retirement-llc-171753) ([md](https://advisorcensus.com/firm/lestna-retirement-llc-171753.md)) | 171753 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 12 | % of assets, Hourly, Fixed fee |
| [Life Planning Solutions, LLC](https://advisorcensus.com/firm/life-planning-solutions-llc-157683) ([md](https://advisorcensus.com/firm/life-planning-solutions-llc-157683.md)) | 157683 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 15 | Hourly, Fixed fee |
| [Lifepoint Planning](https://advisorcensus.com/firm/lifepoint-planning-schaumburg-il-296911) ([md](https://advisorcensus.com/firm/lifepoint-planning-schaumburg-il-296911.md)) | 296911 | Schaumburg, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Lifewise Wealth Advisors](https://advisorcensus.com/firm/lifewise-wealth-advisors-champaign-il-341748) ([md](https://advisorcensus.com/firm/lifewise-wealth-advisors-champaign-il-341748.md)) | 341748 | Champaign, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Fixed fee |
| [Lighthouse Financial & Consulting Services, LLC](https://advisorcensus.com/firm/lighthouse-financial-and-consulting-services-llc-springfield-il-145054) ([md](https://advisorcensus.com/firm/lighthouse-financial-and-consulting-services-llc-springfield-il-145054.md)) | 145054 | Springfield, IL | State-registered investment adviser | $25 million to $100 million | 17 | % of assets, Fixed fee, Commissions |
| [Lincolnbridge Financial Planning, LLC](https://advisorcensus.com/firm/lincolnbridge-financial-planning-llc-oglesby-il-333779) ([md](https://advisorcensus.com/firm/lincolnbridge-financial-planning-llc-oglesby-il-333779.md)) | 333779 | Oglesby, IL | State-registered investment adviser | $25 million to $100 million | 1 | % of assets, Fixed fee |
| [Locke Financial Services, Inc.](https://advisorcensus.com/firm/locke-financial-services-inc-palatine-il-117611) ([md](https://advisorcensus.com/firm/locke-financial-services-inc-palatine-il-117611.md)) | 117611 | Palatine, IL | State-registered investment adviser | $25 million to $100 million | 14 | % of assets, Fixed fee |
| [Long Financial Planning](https://advisorcensus.com/firm/long-financial-planning-123517) ([md](https://advisorcensus.com/firm/long-financial-planning-123517.md)) | 123517 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 24 | % of assets, Hourly, Fixed fee |
| [Long Planning, LLC](https://advisorcensus.com/firm/long-planning-llc-geneva-il-323443) ([md](https://advisorcensus.com/firm/long-planning-llc-geneva-il-323443.md)) | 323443 | Geneva, IL | State-registered investment adviser | Under $25 million | 3 | % of assets, Hourly, Fixed fee |
| [Long Run Investment Management, LLC](https://advisorcensus.com/firm/long-run-investment-management-llc-buffalo-grove-il-159343) ([md](https://advisorcensus.com/firm/long-run-investment-management-llc-buffalo-grove-il-159343.md)) | 159343 | Buffalo Grove, IL | State-registered investment adviser | Under $25 million | 14 | % of assets, Hourly, Fixed fee |
| [Longshore Capital Partners](https://advisorcensus.com/firm/longshore-capital-partners-chicago-il-308030) ([md](https://advisorcensus.com/firm/longshore-capital-partners-chicago-il-308030.md)) | 308030 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 6 | % of assets, Fixed fee, Performance fee |
| [Loop Capital Markets LLC](https://advisorcensus.com/firm/loop-capital-markets-llc-chicago-il-43098) ([md](https://advisorcensus.com/firm/loop-capital-markets-llc-chicago-il-43098.md)) | 43098 | Chicago, IL | State-registered investment adviser | Not reported | 14 | Fixed fee, Commissions, Other |
| [Loop Investment Advisors LLC](https://advisorcensus.com/firm/loop-investment-advisors-llc-chicago-il-297928) ([md](https://advisorcensus.com/firm/loop-investment-advisors-llc-chicago-il-297928.md)) | 297928 | Chicago, IL | State-registered investment adviser | Under $25 million | 6 | % of assets, Fixed fee, Performance fee |
| [LRL Financial Planning Services, Inc.](https://advisorcensus.com/firm/lrl-financial-planning-services-inc-168209) ([md](https://advisorcensus.com/firm/lrl-financial-planning-services-inc-168209.md)) | 168209 | Not reported, Not reported | State-registered investment adviser | Not reported | 12 | % of assets, Hourly, Fixed fee |
| [Lucas Group Financial Advisors, LLC](https://advisorcensus.com/firm/lucas-group-financial-advisors-llc-freeport-il-326880) ([md](https://advisorcensus.com/firm/lucas-group-financial-advisors-llc-freeport-il-326880.md)) | 326880 | Freeport, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Mack Investment Securities, Inc.](https://advisorcensus.com/firm/mack-investment-securities-inc-northfield-il-17643) ([md](https://advisorcensus.com/firm/mack-investment-securities-inc-northfield-il-17643.md)) | 17643 | Northfield, IL | SEC-registered investment adviser | $100 million to $500 million | 39 | % of assets, Hourly, Fixed fee, Commissions |
| [Macro Wealth Management, Inc.](https://advisorcensus.com/firm/macro-wealth-management-inc-peoria-il-143382) ([md](https://advisorcensus.com/firm/macro-wealth-management-inc-peoria-il-143382.md)) | 143382 | Peoria, IL | State-registered investment adviser | $25 million to $100 million | 19 | % of assets, Hourly, Fixed fee, Commissions, Performance fee, Other |
| [Madison Lasalle Advisers LLC](https://advisorcensus.com/firm/madison-lasalle-advisers-llc-chicago-il-342901) ([md](https://advisorcensus.com/firm/madison-lasalle-advisers-llc-chicago-il-342901.md)) | 342901 | Chicago, IL | SEC-registered investment adviser | Under $25 million | 0 | % of assets, Fixed fee |
| [Main Street Investment Advisors, LLC](https://advisorcensus.com/firm/main-street-investment-advisors-llc-northbrook-il-146036) ([md](https://advisorcensus.com/firm/main-street-investment-advisors-llc-northbrook-il-146036.md)) | 146036 | Northbrook, IL | SEC-registered investment adviser | $100 million to $500 million | 8 | % of assets, Fixed fee |
| [Mainstreet Advisors](https://advisorcensus.com/firm/mainstreet-advisors-chicago-il-146615) ([md](https://advisorcensus.com/firm/mainstreet-advisors-chicago-il-146615.md)) | 146615 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 18 | % of assets, Fixed fee |
| [Maley Financial Planning](https://advisorcensus.com/firm/maley-financial-planning-139272) ([md](https://advisorcensus.com/firm/maley-financial-planning-139272.md)) | 139272 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 20 | % of assets, Hourly, Fixed fee |
| [Manifest](https://advisorcensus.com/firm/manifest-chicago-il-307739) ([md](https://advisorcensus.com/firm/manifest-chicago-il-307739.md)) | 307739 | Chicago, IL | SEC-registered investment adviser | Not reported | 6 | Fixed fee |
| [Maplewood Wealth](https://advisorcensus.com/firm/maplewood-wealth-328353) ([md](https://advisorcensus.com/firm/maplewood-wealth-328353.md)) | 328353 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 2 | % of assets, Fixed fee |
| [Marcus Capital, LLC](https://advisorcensus.com/firm/marcus-capital-llc-northfield-il-130516) ([md](https://advisorcensus.com/firm/marcus-capital-llc-northfield-il-130516.md)) | 130516 | Northfield, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Fixed fee |
| [Margin Advisory Group LLC](https://advisorcensus.com/firm/margin-advisory-group-llc-mount-carmel-il-341653) ([md](https://advisorcensus.com/firm/margin-advisory-group-llc-mount-carmel-il-341653.md)) | 341653 | Mount Carmel, IL | State-registered investment adviser | Under $25 million | 0 | % of assets, Hourly, Fixed fee |
| [Marquette Associates, Inc.](https://advisorcensus.com/firm/marquette-associates-inc-chicago-il-21572) ([md](https://advisorcensus.com/firm/marquette-associates-inc-chicago-il-21572.md)) | 21572 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 29 | % of assets, Hourly, Fixed fee, Other |
| [Martin Financial Management](https://advisorcensus.com/firm/martin-financial-management-123097) ([md](https://advisorcensus.com/firm/martin-financial-management-123097.md)) | 123097 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 24 | % of assets, Hourly, Fixed fee |
| [MC Wealth Advisors LLC](https://advisorcensus.com/firm/mc-wealth-advisors-llc-336851) ([md](https://advisorcensus.com/firm/mc-wealth-advisors-llc-336851.md)) | 336851 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets, Hourly, Fixed fee |
| [McBeath Financial Group](https://advisorcensus.com/firm/mcbeath-financial-group-normal-il-167188) ([md](https://advisorcensus.com/firm/mcbeath-financial-group-normal-il-167188.md)) | 167188 | Normal, IL | SEC-registered investment adviser | $100 million to $500 million | 2 | % of assets, Hourly, Fixed fee |
| [McCulley Financial Group, LLC](https://advisorcensus.com/firm/mcculley-financial-group-llc-westchester-il-154891) ([md](https://advisorcensus.com/firm/mcculley-financial-group-llc-westchester-il-154891.md)) | 154891 | Westchester, IL | SEC-registered investment adviser | $100 million to $500 million | 2 | % of assets, Hourly, Fixed fee |
| [McDonnell Capital Management](https://advisorcensus.com/firm/mcdonnell-capital-management-frankfort-il-164252) ([md](https://advisorcensus.com/firm/mcdonnell-capital-management-frankfort-il-164252.md)) | 164252 | Frankfort, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [McKenna Capital, Inc.](https://advisorcensus.com/firm/mckenna-capital-inc-wheaton-il-286623) ([md](https://advisorcensus.com/firm/mckenna-capital-inc-wheaton-il-286623.md)) | 286623 | Wheaton, IL | State-registered investment adviser | $25 million to $100 million | 9 | % of assets, Hourly, Fixed fee |
| [McLaughlin Asset Management, Inc.](https://advisorcensus.com/firm/mclaughlin-asset-management-inc-danville-il-125735) ([md](https://advisorcensus.com/firm/mclaughlin-asset-management-inc-danville-il-125735.md)) | 125735 | Danville, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Fixed fee |
| [McNally Advisors, LLC](https://advisorcensus.com/firm/mcnally-advisors-llc-chicago-il-158707) ([md](https://advisorcensus.com/firm/mcnally-advisors-llc-chicago-il-158707.md)) | 158707 | Chicago, IL | SEC-registered investment adviser | $500 million to $1 billion | 15 | % of assets, Fixed fee, Performance fee |
| [Mediqus Asset Advisors, Inc.](https://advisorcensus.com/firm/mediqus-asset-advisors-inc-chicago-il-107694) ([md](https://advisorcensus.com/firm/mediqus-asset-advisors-inc-chicago-il-107694.md)) | 107694 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 31 | % of assets, Hourly, Fixed fee, Commissions |
| [Mendel Money Management Inc](https://advisorcensus.com/firm/mendel-money-management-inc-northbrook-il-105974) ([md](https://advisorcensus.com/firm/mendel-money-management-inc-northbrook-il-105974.md)) | 105974 | Northbrook, IL | SEC-registered investment adviser | $100 million to $500 million | 37 | % of assets, Hourly, Fixed fee, Other |
| [Menominee Capital](https://advisorcensus.com/firm/menominee-capital-chicago-il-304965) ([md](https://advisorcensus.com/firm/menominee-capital-chicago-il-304965.md)) | 304965 | Chicago, IL | State-registered investment adviser | Under $25 million | 1 | % of assets, Hourly, Fixed fee |
| [Mentor Capital Management Inc.](https://advisorcensus.com/firm/mentor-capital-management-inc-chicago-il-123176) ([md](https://advisorcensus.com/firm/mentor-capital-management-inc-chicago-il-123176.md)) | 123176 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 6 | % of assets, Hourly, Fixed fee |
| [Meredith Wealth Planning](https://advisorcensus.com/firm/meredith-wealth-planning-maryville-il-300019) ([md](https://advisorcensus.com/firm/meredith-wealth-planning-maryville-il-300019.md)) | 300019 | Maryville, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | Fixed fee |
| [Merino Wealth Management](https://advisorcensus.com/firm/merino-wealth-management-glenview-il-317535) ([md](https://advisorcensus.com/firm/merino-wealth-management-glenview-il-317535.md)) | 317535 | Glenview, IL | State-registered investment adviser | $25 million to $100 million | 4 | % of assets, Hourly, Fixed fee |
| [Midland Wealth Management](https://advisorcensus.com/firm/midland-wealth-management-effingham-il-324997) ([md](https://advisorcensus.com/firm/midland-wealth-management-effingham-il-324997.md)) | 324997 | Effingham, IL | SEC-registered investment adviser | $1 billion to $5 billion | 3 | % of assets, Hourly, Fixed fee |
| [Midway Capital Research & Management LLC](https://advisorcensus.com/firm/midway-capital-research-and-management-llc-chicago-il-147139) ([md](https://advisorcensus.com/firm/midway-capital-research-and-management-llc-chicago-il-147139.md)) | 147139 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly, Fixed fee |
| [Midwest Financial Network, LLC](https://advisorcensus.com/firm/midwest-financial-network-llc-tinley-park-il-302095) ([md](https://advisorcensus.com/firm/midwest-financial-network-llc-tinley-park-il-302095.md)) | 302095 | Tinley Park, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Midwest Retirement Partners, LLC](https://advisorcensus.com/firm/midwest-retirement-partners-llc-300453) ([md](https://advisorcensus.com/firm/midwest-retirement-partners-llc-300453.md)) | 300453 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 7 | % of assets, Fixed fee |
| [Midwestern Securities Trading Co.,llc](https://advisorcensus.com/firm/midwestern-securities-trading-co-llc-east-peoria-il-101080) ([md](https://advisorcensus.com/firm/midwestern-securities-trading-co-llc-east-peoria-il-101080.md)) | 101080 | East Peoria, IL | SEC-registered investment adviser | $1 billion to $5 billion | 13 | % of assets, Hourly, Fixed fee, Commissions, Other |
| [Milestone Advisory Group, LLC](https://advisorcensus.com/firm/milestone-advisory-group-llc-308758) ([md](https://advisorcensus.com/firm/milestone-advisory-group-llc-308758.md)) | 308758 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 6 | % of assets, Fixed fee, Other |
| [Milestone Money](https://advisorcensus.com/firm/milestone-money-chicago-il-319203) ([md](https://advisorcensus.com/firm/milestone-money-chicago-il-319203.md)) | 319203 | Chicago, IL | State-registered investment adviser | $25 million to $100 million | 4 | % of assets, Fixed fee |
| [Milliman Financial Risk Management LLC](https://advisorcensus.com/firm/milliman-financial-risk-management-llc-chicago-il-159377) ([md](https://advisorcensus.com/firm/milliman-financial-risk-management-llc-chicago-il-159377.md)) | 159377 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 14 | % of assets, Hourly, Fixed fee |
| [Millington Financial Advisors, LLC](https://advisorcensus.com/firm/millington-financial-advisors-llc-naperville-il-156315) ([md](https://advisorcensus.com/firm/millington-financial-advisors-llc-naperville-il-156315.md)) | 156315 | Naperville, IL | SEC-registered investment adviser | $100 million to $500 million | 4 | % of assets, Fixed fee |

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## Questions people ask

**How many financial advisory firms are there in Illinois?**
AdvisorCensus lists 1,370 investment advisory firms with a principal office in Illinois, from Form ADV filings as of October 2026: 690 SEC-registered, 542 state-registered, and 138 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 Illinois?**
432 of the 1,370 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 Illinois offer financial planning?**
673 of the 1,232 firms in Illinois 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 Illinois 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 432 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. It measures scale, not performance or quality.

## Related pages

- [Financial advisors in Illinois](https://advisorcensus.com/advisors/il) (https://advisorcensus.com/advisors/il.md)
- [Fee-only financial advisors in Illinois](https://advisorcensus.com/advisors/il/fee-only) (https://advisorcensus.com/advisors/il/fee-only.md)
- [Hourly financial advisors in Illinois](https://advisorcensus.com/advisors/il/hourly) (https://advisorcensus.com/advisors/il/hourly.md)
- [Flat-fee financial advisors in Chicago, IL](https://advisorcensus.com/advisors/il/chicago/flat-fee) (https://advisorcensus.com/advisors/il/chicago/flat-fee.md)
- [Flat-fee financial advisors in Champaign, IL](https://advisorcensus.com/advisors/il/champaign/flat-fee) (https://advisorcensus.com/advisors/il/champaign/flat-fee.md)
- [Flat-fee financial advisors in Peoria, IL](https://advisorcensus.com/advisors/il/peoria/flat-fee) (https://advisorcensus.com/advisors/il/peoria/flat-fee.md)
- [Flat-fee financial advisors in Rockford, IL](https://advisorcensus.com/advisors/il/rockford/flat-fee) (https://advisorcensus.com/advisors/il/rockford/flat-fee.md)
- [Flat-fee financial advisors in Springfield, IL](https://advisorcensus.com/advisors/il/springfield/flat-fee) (https://advisorcensus.com/advisors/il/springfield/flat-fee.md)
- [Flat-fee financial advisors in Bloomington, IL](https://advisorcensus.com/advisors/il/bloomington/flat-fee) (https://advisorcensus.com/advisors/il/bloomington/flat-fee.md)
- [Flat-fee financial advisors in Decatur, IL](https://advisorcensus.com/advisors/il/decatur/flat-fee) (https://advisorcensus.com/advisors/il/decatur/flat-fee.md)
- [Flat-fee financial advisors in Kankakee, IL](https://advisorcensus.com/advisors/il/kankakee/flat-fee) (https://advisorcensus.com/advisors/il/kankakee/flat-fee.md)

Cite as: AdvisorCensus. Flat-fee financial advisors in Illinois: 590 firms from Form ADV filings as of October 2026.