# Financial advisors in Illinois

> AdvisorCensus lists 1,370 investment advisory firms with a principal office in Illinois, drawn from Form ADV filings as of October 2026. Metro areas in the state are listed first; firms are listed alphabetically, and you can sort by years registered or assets band using the controls below. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.

Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/il/page/16

## At a glance

- Investment advisory firms: 1,370
- Registration: SEC-registered investment adviser: 690, State-registered investment adviser: 542, Exempt reporting adviser: 138
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 432 (35%); Percentage of assets 1,120 (91%); Hourly charges 443 (36%); Subscription fees (newsletter or periodical) 11 (1%); Fixed fees 590 (48%); Commissions 53 (4%); Performance-based fees 300 (24%); Other 186 (15%); No compensation arrangements reported 138
- Regulatory assets under management (Item 5.F): Under $25 million 283 (21%); $25 million to $100 million 180 (13%); $100 million to $500 million 295 (22%); $500 million to $1 billion 106 (8%); $1 billion to $5 billion 142 (10%); Over $5 billion 115 (8%); Not reported 249 (18%)
- Years registered: Under 5 years 448 (33%); 5 to 9 years 301 (22%); 10 to 19 years 380 (28%); 20 years or more 241 (18%)

## Firms (page 16 of 28, 751 to 800 of 1,370, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [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 |
| [Maple Street Capital Advisors, LLC](https://advisorcensus.com/firm/maple-street-capital-advisors-llc-289167) ([md](https://advisorcensus.com/firm/maple-street-capital-advisors-llc-289167.md)) | 289167 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 8 | % of assets |
| [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 |
| [March Capital Corp.](https://advisorcensus.com/firm/march-capital-corp-chicago-il-24142) ([md](https://advisorcensus.com/firm/march-capital-corp-chicago-il-24142.md)) | 24142 | Chicago, IL | State-registered investment adviser | $25 million to $100 million | 29 | % of assets, Hourly |
| [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 |
| [Maren Capital](https://advisorcensus.com/firm/maren-capital-chicago-il-319626) ([md](https://advisorcensus.com/firm/maren-capital-chicago-il-319626.md)) | 319626 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 4 | % of assets |
| [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 |
| [Mark Bell Advisory Services, Inc.](https://advisorcensus.com/firm/mark-bell-advisory-services-inc-chicago-il-107114) ([md](https://advisorcensus.com/firm/mark-bell-advisory-services-inc-chicago-il-107114.md)) | 107114 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 35 | % of assets |
| [Marquee Capital Advisors](https://advisorcensus.com/firm/marquee-capital-advisors-chicago-il-336708) ([md](https://advisorcensus.com/firm/marquee-capital-advisors-chicago-il-336708.md)) | 336708 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Performance 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 |
| [Mast Investment Advisors LLC](https://advisorcensus.com/firm/mast-investment-advisors-llc-123571) ([md](https://advisorcensus.com/firm/mast-investment-advisors-llc-123571.md)) | 123571 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 24 | % of assets |
| [Masus Financial Group, Ltd.](https://advisorcensus.com/firm/masus-financial-group-ltd-batavia-il-174339) ([md](https://advisorcensus.com/firm/masus-financial-group-ltd-batavia-il-174339.md)) | 174339 | Batavia, IL | SEC-registered investment adviser | $100 million to $500 million | 11 | % of assets, Hourly |
| [Matrix Private Capital Group](https://advisorcensus.com/firm/matrix-private-capital-group-chicago-il-285531) ([md](https://advisorcensus.com/firm/matrix-private-capital-group-chicago-il-285531.md)) | 285531 | Chicago, IL | SEC-registered investment adviser | $500 million to $1 billion | 9 | % of assets, Performance fee |
| [Maxwell Street Capital Partners, LP](https://advisorcensus.com/firm/maxwell-street-capital-partners-lp-evanston-il-329585) ([md](https://advisorcensus.com/firm/maxwell-street-capital-partners-lp-evanston-il-329585.md)) | 329585 | Evanston, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Performance fee |
| [May River Capital](https://advisorcensus.com/firm/may-river-capital-chicago-il-166007) ([md](https://advisorcensus.com/firm/may-river-capital-chicago-il-166007.md)) | 166007 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 9 | % of assets, Performance fee, Other |
| [Maynerich Financial](https://advisorcensus.com/firm/maynerich-financial-virden-il-331546) ([md](https://advisorcensus.com/firm/maynerich-financial-virden-il-331546.md)) | 331546 | Virden, IL | SEC-registered investment adviser | $100 million to $500 million | 2 | % of assets, Hourly |
| [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 |
| [MEL Consulting Co. D/B/A MEL & Co](https://advisorcensus.com/firm/mel-consulting-co-d-b-a-mel-and-co-307834) ([md](https://advisorcensus.com/firm/mel-consulting-co-d-b-a-mel-and-co-307834.md)) | 307834 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 6 | % of assets, Hourly |
| [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 |
| [Merit Capital Partners Management, L.L.C.](https://advisorcensus.com/firm/merit-capital-partners-management-l-l-c-chicago-il-156890) ([md](https://advisorcensus.com/firm/merit-capital-partners-management-l-l-c-chicago-il-156890.md)) | 156890 | Chicago, IL | SEC-registered investment adviser | $500 million to $1 billion | 14 | % of assets, Performance fee |
| [Merit Capital Partners VI, LLC](https://advisorcensus.com/firm/merit-capital-partners-vi-llc-chicago-il-341399) ([md](https://advisorcensus.com/firm/merit-capital-partners-vi-llc-chicago-il-341399.md)) | 341399 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Performance fee |
| [Mesirow Financial Investment Management, Inc.](https://advisorcensus.com/firm/mesirow-financial-investment-management-inc-chicago-il-111135) ([md](https://advisorcensus.com/firm/mesirow-financial-investment-management-inc-chicago-il-111135.md)) | 111135 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 40 | % of assets, Performance fee |
| [Mesirow Financial Private Equity Advisors, Inc.](https://advisorcensus.com/firm/mesirow-financial-private-equity-advisors-inc-chicago-il-112084) ([md](https://advisorcensus.com/firm/mesirow-financial-private-equity-advisors-inc-chicago-il-112084.md)) | 112084 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 26 | Performance fee, Other |
| [Mesirow Institutional Investment Management, Inc.](https://advisorcensus.com/firm/mesirow-institutional-investment-management-inc-chicago-il-319065) ([md](https://advisorcensus.com/firm/mesirow-institutional-investment-management-inc-chicago-il-319065.md)) | 319065 | Chicago, IL | SEC-registered investment adviser | Not reported | 4 | % of assets |
| [Mesirow RE-IA, Inc.](https://advisorcensus.com/firm/mesirow-re-ia-inc-chicago-il-328098) ([md](https://advisorcensus.com/firm/mesirow-re-ia-inc-chicago-il-328098.md)) | 328098 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 2 | % of assets, Performance fee |
| [Method Capital LLC](https://advisorcensus.com/firm/method-capital-llc-chicago-il-283672) ([md](https://advisorcensus.com/firm/method-capital-llc-chicago-il-283672.md)) | 283672 | Chicago, IL | Exempt reporting adviser | Not reported | 10 | Not reported |
| [Michael J. Schussele, CPA](https://advisorcensus.com/firm/michael-j-schussele-cpa-143191) ([md](https://advisorcensus.com/firm/michael-j-schussele-cpa-143191.md)) | 143191 | Not reported, Not reported | State-registered investment adviser | Not reported | 19 | Hourly |
| [Michael Niemczyk Associates, Inc.](https://advisorcensus.com/firm/michael-niemczyk-associates-inc-grayslake-il-124000) ([md](https://advisorcensus.com/firm/michael-niemczyk-associates-inc-grayslake-il-124000.md)) | 124000 | Grayslake, IL | State-registered investment adviser | Not reported | 9 | Other |
| [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 Associates, Inc.](https://advisorcensus.com/firm/midwest-financial-associates-inc-rockford-il-158573) ([md](https://advisorcensus.com/firm/midwest-financial-associates-inc-rockford-il-158573.md)) | 158573 | Rockford, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets |
| [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)
- [Flat-fee financial advisors in Illinois](https://advisorcensus.com/advisors/il/flat-fee) (https://advisorcensus.com/advisors/il/flat-fee.md)
- [Hourly financial advisors in Illinois](https://advisorcensus.com/advisors/il/hourly) (https://advisorcensus.com/advisors/il/hourly.md)

Every firm in this list as CSV: https://advisorcensus.com/advisors/il.csv

Cite as: AdvisorCensus. Financial advisors in Illinois: 1,370 firms from Form ADV filings as of October 2026.