# 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/3

## 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 3 of 28, 101 to 150 of 1,370, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [Baker Street Investment Partners LLC](https://advisorcensus.com/firm/baker-street-investment-partners-llc-317416) ([md](https://advisorcensus.com/firm/baker-street-investment-partners-llc-317416.md)) | 317416 | Not reported, Not reported | State-registered investment adviser | Not reported | 4 | % of assets, Performance fee |
| [Balance Financial Services, Inc.](https://advisorcensus.com/firm/balance-financial-services-inc-116586) ([md](https://advisorcensus.com/firm/balance-financial-services-inc-116586.md)) | 116586 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 37 | % of assets |
| [Baldwin Financial Advisors, LLC](https://advisorcensus.com/firm/baldwin-financial-advisors-llc-arlington-heights-il-115734) ([md](https://advisorcensus.com/firm/baldwin-financial-advisors-llc-arlington-heights-il-115734.md)) | 115734 | Arlington Heights, IL | State-registered investment adviser | Not reported | 43 | Hourly, Fixed fee, Other |
| [Balyasny Asset Management L.P.](https://advisorcensus.com/firm/balyasny-asset-management-l-p-chicago-il-138111) ([md](https://advisorcensus.com/firm/balyasny-asset-management-l-p-chicago-il-138111.md)) | 138111 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 20 | % of assets, Performance fee, Other |
| [Bankers Life Advisory Services, Inc.](https://advisorcensus.com/firm/bankers-life-advisory-services-inc-chicago-il-281285) ([md](https://advisorcensus.com/firm/bankers-life-advisory-services-inc-chicago-il-281285.md)) | 281285 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 10 | % of assets, Other |
| [Bantamac Capital, LLC](https://advisorcensus.com/firm/bantamac-capital-llc-chicago-il-307765) ([md](https://advisorcensus.com/firm/bantamac-capital-llc-chicago-il-307765.md)) | 307765 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets |
| [Bard Associates Inc](https://advisorcensus.com/firm/bard-associates-inc-chicago-il-104984) ([md](https://advisorcensus.com/firm/bard-associates-inc-chicago-il-104984.md)) | 104984 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 39 | % of assets |
| [Barnhart Investment Advisory](https://advisorcensus.com/firm/barnhart-investment-advisory-149651) ([md](https://advisorcensus.com/firm/barnhart-investment-advisory-149651.md)) | 149651 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 17 | % of assets |
| [Barrel Ventures Management, LLC](https://advisorcensus.com/firm/barrel-ventures-management-llc-evanston-il-330756) ([md](https://advisorcensus.com/firm/barrel-ventures-management-llc-evanston-il-330756.md)) | 330756 | Evanston, IL | Exempt reporting adviser | Not reported | 2 | Not reported |
| [Barrett Upton Capital Partners](https://advisorcensus.com/firm/barrett-upton-capital-partners-lake-forest-il-326104) ([md](https://advisorcensus.com/firm/barrett-upton-capital-partners-lake-forest-il-326104.md)) | 326104 | Lake Forest, IL | SEC-registered investment adviser | $100 million to $500 million | 3 | % of assets, Performance fee |
| [Barrett Wealth Connection LLC](https://advisorcensus.com/firm/barrett-wealth-connection-llc-spring-grove-il-161020) ([md](https://advisorcensus.com/firm/barrett-wealth-connection-llc-spring-grove-il-161020.md)) | 161020 | Spring Grove, IL | SEC-registered investment adviser | $100 million to $500 million | 2 | % of assets, Hourly, Fixed fee |
| [Barrington Asset Management, Inc.](https://advisorcensus.com/firm/barrington-asset-management-inc-chicago-il-113740) ([md](https://advisorcensus.com/firm/barrington-asset-management-inc-chicago-il-113740.md)) | 113740 | Chicago, IL | State-registered investment adviser | $25 million to $100 million | 14 | % of assets |
| [Barzideh & Nadeau Wealth Management LLC](https://advisorcensus.com/firm/barzideh-and-nadeau-wealth-management-llc-barrington-il-334876) ([md](https://advisorcensus.com/firm/barzideh-and-nadeau-wealth-management-llc-barrington-il-334876.md)) | 334876 | Barrington, IL | State-registered investment adviser | $25 million to $100 million | 1 | % of assets |
| [Bates Financial Advisors, Inc.](https://advisorcensus.com/firm/bates-financial-advisors-inc-rockford-il-116515) ([md](https://advisorcensus.com/firm/bates-financial-advisors-inc-rockford-il-116515.md)) | 116515 | Rockford, IL | SEC-registered investment adviser | $100 million to $500 million | 15 | % of assets, Fixed fee |
| [Bayworth Capital](https://advisorcensus.com/firm/bayworth-capital-chicago-il-284360) ([md](https://advisorcensus.com/firm/bayworth-capital-chicago-il-284360.md)) | 284360 | Chicago, IL | State-registered investment adviser | $25 million to $100 million | 10 | % of assets, Fixed fee |
| [BCF Venture Partners LLC](https://advisorcensus.com/firm/bcf-venture-partners-llc-chicago-il-341438) ([md](https://advisorcensus.com/firm/bcf-venture-partners-llc-chicago-il-341438.md)) | 341438 | Chicago, IL | Exempt reporting adviser | Not reported | 0 | Not reported |
| [BCM Capital Management LLC](https://advisorcensus.com/firm/bcm-capital-management-llc-northfield-il-337570) ([md](https://advisorcensus.com/firm/bcm-capital-management-llc-northfield-il-337570.md)) | 337570 | Northfield, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Other |
| [BCU Wealth Advisors, LLC](https://advisorcensus.com/firm/bcu-wealth-advisors-llc-vernon-hills-il-164173) ([md](https://advisorcensus.com/firm/bcu-wealth-advisors-llc-vernon-hills-il-164173.md)) | 164173 | Vernon Hills, IL | SEC-registered investment adviser | $500 million to $1 billion | 11 | % of assets, Fixed fee |
| [BDT Capital Partners](https://advisorcensus.com/firm/bdt-capital-partners-chicago-il-160914) ([md](https://advisorcensus.com/firm/bdt-capital-partners-chicago-il-160914.md)) | 160914 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 14 | % of assets, Fixed fee, Performance fee |
| [Benari Capital, LLC](https://advisorcensus.com/firm/benari-capital-llc-northbrook-il-332651) ([md](https://advisorcensus.com/firm/benari-capital-llc-northbrook-il-332651.md)) | 332651 | Northbrook, IL | State-registered investment adviser | Under $25 million | 1 | % of assets, Hourly, Fixed fee |
| [Benchmark Capital Group Ltd.](https://advisorcensus.com/firm/benchmark-capital-group-ltd-galena-il-123698) ([md](https://advisorcensus.com/firm/benchmark-capital-group-ltd-galena-il-123698.md)) | 123698 | Galena, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Hourly, Fixed fee |
| [Benchmark Investment Advisors LLC](https://advisorcensus.com/firm/benchmark-investment-advisors-llc-chicago-il-159705) ([md](https://advisorcensus.com/firm/benchmark-investment-advisors-llc-chicago-il-159705.md)) | 159705 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 14 | % of assets |
| [Benefi](https://advisorcensus.com/firm/benefi-chicago-il-337846) ([md](https://advisorcensus.com/firm/benefi-chicago-il-337846.md)) | 337846 | Chicago, IL | SEC-registered investment adviser | Under $25 million | 0 | % of assets, Fixed fee |
| [Benford Capital Partners Management, L.P.](https://advisorcensus.com/firm/benford-capital-partners-management-l-p-chicago-il-309272) ([md](https://advisorcensus.com/firm/benford-capital-partners-management-l-p-chicago-il-309272.md)) | 309272 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Performance fee, Other |
| [Benson Advisory Services & Asset Management](https://advisorcensus.com/firm/benson-advisory-services-and-asset-management-sycamore-il-123464) ([md](https://advisorcensus.com/firm/benson-advisory-services-and-asset-management-sycamore-il-123464.md)) | 123464 | Sycamore, IL | State-registered investment adviser | Not reported | 28 | % of assets, Hourly, Commissions |
| [Bentley Financial Group](https://advisorcensus.com/firm/bentley-financial-group-downers-grove-il-172474) ([md](https://advisorcensus.com/firm/bentley-financial-group-downers-grove-il-172474.md)) | 172474 | Downers Grove, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Hourly, Fixed fee |
| [Berg Investment Planning](https://advisorcensus.com/firm/berg-investment-planning-145121) ([md](https://advisorcensus.com/firm/berg-investment-planning-145121.md)) | 145121 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 14 | % of assets |
| [Bernardi Asset Management, LLC](https://advisorcensus.com/firm/bernardi-asset-management-llc-northfield-il-120110) ([md](https://advisorcensus.com/firm/bernardi-asset-management-llc-northfield-il-120110.md)) | 120110 | Northfield, IL | SEC-registered investment adviser | $100 million to $500 million | 18 | % of assets |
| [Big Wave Advisors, Inc.](https://advisorcensus.com/firm/big-wave-advisors-inc-134044) ([md](https://advisorcensus.com/firm/big-wave-advisors-inc-134044.md)) | 134044 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 19 | % of assets |
| [Birch Bay Financial Planning](https://advisorcensus.com/firm/birch-bay-financial-planning-341741) ([md](https://advisorcensus.com/firm/birch-bay-financial-planning-341741.md)) | 341741 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets, Fixed fee |
| [Bishop Financial Services LLC](https://advisorcensus.com/firm/bishop-financial-services-llc-naperville-il-314745) ([md](https://advisorcensus.com/firm/bishop-financial-services-llc-naperville-il-314745.md)) | 314745 | Naperville, IL | State-registered investment adviser | Under $25 million | 5 | % of assets, Performance fee |
| [BJO Wealth Management LLC.](https://advisorcensus.com/firm/bjo-wealth-management-llc-168824) ([md](https://advisorcensus.com/firm/bjo-wealth-management-llc-168824.md)) | 168824 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 12 | % of assets, Hourly |
| [Black Swan Advisors LLC](https://advisorcensus.com/firm/black-swan-advisors-llc-173459) ([md](https://advisorcensus.com/firm/black-swan-advisors-llc-173459.md)) | 173459 | Not reported, Not reported | State-registered investment adviser | Not reported | 10 | Hourly, Fixed fee |
| [Blackbird Capital Management, LLC](https://advisorcensus.com/firm/blackbird-capital-management-llc-chicago-il-310202) ([md](https://advisorcensus.com/firm/blackbird-capital-management-llc-chicago-il-310202.md)) | 310202 | Chicago, IL | Exempt reporting adviser | Not reported | 6 | Not reported |
| [Blackwatch Financial Group, LLC](https://advisorcensus.com/firm/blackwatch-financial-group-llc-lisle-il-327684) ([md](https://advisorcensus.com/firm/blackwatch-financial-group-llc-lisle-il-327684.md)) | 327684 | Lisle, IL | State-registered investment adviser | $25 million to $100 million | 2 | % of assets, Hourly |
| [Blameuser Asset Management](https://advisorcensus.com/firm/blameuser-asset-management-137149) ([md](https://advisorcensus.com/firm/blameuser-asset-management-137149.md)) | 137149 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 16 | % of assets, Hourly, Fixed fee |
| [Blankenship Financial Planning, Ltd.](https://advisorcensus.com/firm/blankenship-financial-planning-ltd-new-berlin-il-125651) ([md](https://advisorcensus.com/firm/blankenship-financial-planning-ltd-new-berlin-il-125651.md)) | 125651 | New Berlin, IL | State-registered investment adviser | Under $25 million | 23 | % of assets, Hourly, Fixed fee |
| [Blue Cedar Advisors LLC](https://advisorcensus.com/firm/blue-cedar-advisors-llc-naperville-il-312727) ([md](https://advisorcensus.com/firm/blue-cedar-advisors-llc-naperville-il-312727.md)) | 312727 | Naperville, IL | State-registered investment adviser | Under $25 million | 5 | % of assets, Fixed fee |
| [Blue Haven Capital, LLC](https://advisorcensus.com/firm/blue-haven-capital-llc-geneva-il-141738) ([md](https://advisorcensus.com/firm/blue-haven-capital-llc-geneva-il-141738.md)) | 141738 | Geneva, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets |
| [Blue Iguana Capital LLC](https://advisorcensus.com/firm/blue-iguana-capital-llc-337884) ([md](https://advisorcensus.com/firm/blue-iguana-capital-llc-337884.md)) | 337884 | Not reported, Not reported | State-registered investment adviser | Not reported | 0 | Fixed fee |
| [Blue Line Capital](https://advisorcensus.com/firm/blue-line-capital-chicago-il-304024) ([md](https://advisorcensus.com/firm/blue-line-capital-chicago-il-304024.md)) | 304024 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets |
| [Blue Owl Digital Infrastructure Trust Advisors LLC](https://advisorcensus.com/firm/blue-owl-digital-infrastructure-trust-advisors-llc-chicago-il-337770) ([md](https://advisorcensus.com/firm/blue-owl-digital-infrastructure-trust-advisors-llc-chicago-il-337770.md)) | 337770 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 1 | % of assets, Performance fee, Other |
| [Blue Owl Real Assets Advisors LLC](https://advisorcensus.com/firm/blue-owl-real-assets-advisors-llc-chicago-il-336832) ([md](https://advisorcensus.com/firm/blue-owl-real-assets-advisors-llc-chicago-il-336832.md)) | 336832 | Chicago, IL | SEC-registered investment adviser | Under $25 million | 0 | % of assets, Performance fee, Other |
| [Blue Owl Real Estate Capital LLC](https://advisorcensus.com/firm/blue-owl-real-estate-capital-llc-chicago-il-165132) ([md](https://advisorcensus.com/firm/blue-owl-real-estate-capital-llc-chicago-il-165132.md)) | 165132 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 14 | % of assets, Performance fee, Other |
| [Blue Sky Investment Partners, Inc.](https://advisorcensus.com/firm/blue-sky-investment-partners-inc-evanston-il-145318) ([md](https://advisorcensus.com/firm/blue-sky-investment-partners-inc-evanston-il-145318.md)) | 145318 | Evanston, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly |
| [Blue Vista Capital, LLC](https://advisorcensus.com/firm/blue-vista-capital-llc-chicago-il-127001) ([md](https://advisorcensus.com/firm/blue-vista-capital-llc-chicago-il-127001.md)) | 127001 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 14 | % of assets, Performance fee |
| [Bluespruce](https://advisorcensus.com/firm/bluespruce-chicago-il-167311) ([md](https://advisorcensus.com/firm/bluespruce-chicago-il-167311.md)) | 167311 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 13 | % of assets, Performance fee |
| [Bluestein Ventures Management LLC](https://advisorcensus.com/firm/bluestein-ventures-management-llc-chicago-il-322246) ([md](https://advisorcensus.com/firm/bluestein-ventures-management-llc-chicago-il-322246.md)) | 322246 | Chicago, IL | Exempt reporting adviser | Not reported | 4 | Not reported |
| [Bluestem Financial Advisors, LLC](https://advisorcensus.com/firm/bluestem-financial-advisors-llc-savoy-il-158418) ([md](https://advisorcensus.com/firm/bluestem-financial-advisors-llc-savoy-il-158418.md)) | 158418 | Savoy, IL | SEC-registered investment adviser | $100 million to $500 million | 7 | Hourly, Fixed fee, Other |
| [Blueview Investment LLC](https://advisorcensus.com/firm/blueview-investment-llc-290247) ([md](https://advisorcensus.com/firm/blueview-investment-llc-290247.md)) | 290247 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 8 | % of assets |

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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.