# 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/9

## 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 9 of 28, 401 to 450 of 1,370, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [Financial & Business Consultants](https://advisorcensus.com/firm/financial-and-business-consultants-swansea-il-123100) ([md](https://advisorcensus.com/firm/financial-and-business-consultants-swansea-il-123100.md)) | 123100 | Swansea, IL | State-registered investment adviser | Under $25 million | 35 | Hourly, Commissions |
| [Financial Design Studio, Inc.](https://advisorcensus.com/firm/financial-design-studio-inc-deer-park-il-286686) ([md](https://advisorcensus.com/firm/financial-design-studio-inc-deer-park-il-286686.md)) | 286686 | Deer Park, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly, Fixed fee |
| [Financial Elements, Inc](https://advisorcensus.com/firm/financial-elements-inc-rolling-meadows-il-148557) ([md](https://advisorcensus.com/firm/financial-elements-inc-rolling-meadows-il-148557.md)) | 148557 | Rolling Meadows, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Financial Illumination Advisors, LLC](https://advisorcensus.com/firm/financial-illumination-advisors-llc-316450) ([md](https://advisorcensus.com/firm/financial-illumination-advisors-llc-316450.md)) | 316450 | Not reported, Not reported | State-registered investment adviser | Not reported | 4 | Fixed fee, Commissions |
| [Financial Planning Advisors, Inc.](https://advisorcensus.com/firm/financial-planning-advisors-inc-alton-il-122625) ([md](https://advisorcensus.com/firm/financial-planning-advisors-inc-alton-il-122625.md)) | 122625 | Alton, IL | State-registered investment adviser | $25 million to $100 million | 14 | % of assets, Hourly, Fixed fee |
| [Financial Planning Resources,llc](https://advisorcensus.com/firm/financial-planning-resources-llc-122779) ([md](https://advisorcensus.com/firm/financial-planning-resources-llc-122779.md)) | 122779 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 28 | % of assets, Hourly, Fixed fee |
| [Financial Planning, Asset Management](https://advisorcensus.com/firm/financial-planning-asset-management-306513) ([md](https://advisorcensus.com/firm/financial-planning-asset-management-306513.md)) | 306513 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 6 | % of assets |
| [Financial Solutions Advisory Group](https://advisorcensus.com/firm/financial-solutions-advisory-group-chicago-il-125218) ([md](https://advisorcensus.com/firm/financial-solutions-advisory-group-chicago-il-125218.md)) | 125218 | Chicago, IL | SEC-registered investment adviser | $500 million to $1 billion | 23 | % of assets, Hourly, Fixed fee |
| [Financial Solutions, Inc.](https://advisorcensus.com/firm/financial-solutions-inc-skokie-il-311787) ([md](https://advisorcensus.com/firm/financial-solutions-inc-skokie-il-311787.md)) | 311787 | Skokie, IL | State-registered investment adviser | Under $25 million | 3 | % of assets, Fixed fee |
| [Finnestad Financial](https://advisorcensus.com/firm/finnestad-financial-141420) ([md](https://advisorcensus.com/firm/finnestad-financial-141420.md)) | 141420 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 19 | % of assets |
| [First Analysis Capital Management LLC](https://advisorcensus.com/firm/first-analysis-capital-management-llc-chicago-il-161373) ([md](https://advisorcensus.com/firm/first-analysis-capital-management-llc-chicago-il-161373.md)) | 161373 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 14 | % of assets, Performance fee |
| [First Choice Financial Services LLC](https://advisorcensus.com/firm/first-choice-financial-services-llc-oak-brook-il-145255) ([md](https://advisorcensus.com/firm/first-choice-financial-services-llc-oak-brook-il-145255.md)) | 145255 | Oak Brook, IL | State-registered investment adviser | Not reported | 18 | Fixed fee, Other |
| [First Trust Advisors LP](https://advisorcensus.com/firm/first-trust-advisors-lp-wheaton-il-107027) ([md](https://advisorcensus.com/firm/first-trust-advisors-lp-wheaton-il-107027.md)) | 107027 | Wheaton, IL | SEC-registered investment adviser | Over $5 billion | 34 | % of assets, Performance fee, Other |
| [First Trust Capital Management L.P.](https://advisorcensus.com/firm/first-trust-capital-management-l-p-chicago-il-317825) ([md](https://advisorcensus.com/firm/first-trust-capital-management-l-p-chicago-il-317825.md)) | 317825 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 4 | % of assets, Fixed fee, Performance fee |
| [First Wealth Advisory, Inc.](https://advisorcensus.com/firm/first-wealth-advisory-inc-st-charles-il-323649) ([md](https://advisorcensus.com/firm/first-wealth-advisory-inc-st-charles-il-323649.md)) | 323649 | St. Charles, IL | State-registered investment adviser | Under $25 million | 3 | % of assets, Fixed fee, Commissions |
| [Fisher Financial Group, LLC](https://advisorcensus.com/firm/fisher-financial-group-llc-northbrook-il-154479) ([md](https://advisorcensus.com/firm/fisher-financial-group-llc-northbrook-il-154479.md)) | 154479 | Northbrook, IL | State-registered investment adviser | $25 million to $100 million | 16 | % of assets, Hourly, Other |
| [Fitzgerald Asset Management, LLC](https://advisorcensus.com/firm/fitzgerald-asset-management-llc-164611) ([md](https://advisorcensus.com/firm/fitzgerald-asset-management-llc-164611.md)) | 164611 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets |
| [Fleur-De-LIS Financial](https://advisorcensus.com/firm/fleur-de-lis-financial-325685) ([md](https://advisorcensus.com/firm/fleur-de-lis-financial-325685.md)) | 325685 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets, Hourly, Fixed fee |
| [FMI Financial, Ltd.](https://advisorcensus.com/firm/fmi-financial-ltd-299806) ([md](https://advisorcensus.com/firm/fmi-financial-ltd-299806.md)) | 299806 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 7 | % of assets, Hourly, Fixed fee |
| [Focused Up Financial, LLC](https://advisorcensus.com/firm/focused-up-financial-llc-la-grange-il-293504) ([md](https://advisorcensus.com/firm/focused-up-financial-llc-la-grange-il-293504.md)) | 293504 | La Grange, IL | State-registered investment adviser | Under $25 million | 8 | % of assets, Hourly, Fixed fee |
| [Foresight Strategic Partners, LLC](https://advisorcensus.com/firm/foresight-strategic-partners-llc-294259) ([md](https://advisorcensus.com/firm/foresight-strategic-partners-llc-294259.md)) | 294259 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 8 | % of assets |
| [Foresight Wealth Advisors](https://advisorcensus.com/firm/foresight-wealth-advisors-skokie-il-286127) ([md](https://advisorcensus.com/firm/foresight-wealth-advisors-skokie-il-286127.md)) | 286127 | Skokie, IL | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Fixed fee |
| [Forest Asset Management LLC](https://advisorcensus.com/firm/forest-asset-management-llc-riverside-il-139795) ([md](https://advisorcensus.com/firm/forest-asset-management-llc-riverside-il-139795.md)) | 139795 | Riverside, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Hourly, Fixed fee |
| [Forest Capital Management, LLC](https://advisorcensus.com/firm/forest-capital-management-llc-chicago-il-171659) ([md](https://advisorcensus.com/firm/forest-capital-management-llc-chicago-il-171659.md)) | 171659 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 12 | % of assets, Fixed fee |
| [Forester Capital Management Ltd](https://advisorcensus.com/firm/forester-capital-management-ltd-libertyville-il-109474) ([md](https://advisorcensus.com/firm/forester-capital-management-ltd-libertyville-il-109474.md)) | 109474 | Libertyville, IL | SEC-registered investment adviser | Under $25 million | 27 | % of assets |
| [Fort Sheridan Advisors LLC](https://advisorcensus.com/firm/fort-sheridan-advisors-llc-highland-park-il-151139) ([md](https://advisorcensus.com/firm/fort-sheridan-advisors-llc-highland-park-il-151139.md)) | 151139 | Highland Park, IL | SEC-registered investment adviser | $1 billion to $5 billion | 17 | % of assets, Fixed fee, Commissions, Performance fee |
| [Fortis Portfolio Solutions, LLC](https://advisorcensus.com/firm/fortis-portfolio-solutions-llc-chicago-il-314886) ([md](https://advisorcensus.com/firm/fortis-portfolio-solutions-llc-chicago-il-314886.md)) | 314886 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets |
| [Forum Financial Management, LP](https://advisorcensus.com/firm/forum-financial-management-lp-lombard-il-145706) ([md](https://advisorcensus.com/firm/forum-financial-management-lp-lombard-il-145706.md)) | 145706 | Lombard, IL | SEC-registered investment adviser | Over $5 billion | 17 | % of assets, Fixed fee |
| [Fountainhead Financial, LLC](https://advisorcensus.com/firm/fountainhead-financial-llc-chicago-il-150813) ([md](https://advisorcensus.com/firm/fountainhead-financial-llc-chicago-il-150813.md)) | 150813 | Chicago, IL | SEC-registered investment adviser | $500 million to $1 billion | 17 | % of assets, Hourly, Commissions |
| [Four Corners Capital Advisers, LLC](https://advisorcensus.com/firm/four-corners-capital-advisers-llc-chicago-il-310159) ([md](https://advisorcensus.com/firm/four-corners-capital-advisers-llc-chicago-il-310159.md)) | 310159 | Chicago, IL | Exempt reporting adviser | Not reported | 6 | Not reported |
| [Fourstar Wealth Advisors, LLC](https://advisorcensus.com/firm/fourstar-wealth-advisors-llc-chicago-il-169613) ([md](https://advisorcensus.com/firm/fourstar-wealth-advisors-llc-chicago-il-169613.md)) | 169613 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 9 | % of assets, Hourly, Fixed fee |
| [FPG Wealth](https://advisorcensus.com/firm/fpg-wealth-325539) ([md](https://advisorcensus.com/firm/fpg-wealth-325539.md)) | 325539 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 2 | % of assets |
| [FRA Wealth Management LLC](https://advisorcensus.com/firm/fra-wealth-management-llc-o-fallon-il-284020) ([md](https://advisorcensus.com/firm/fra-wealth-management-llc-o-fallon-il-284020.md)) | 284020 | O'Fallon, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Fixed fee |
| [Frank A. Neaylon, LLC](https://advisorcensus.com/firm/frank-a-neaylon-llc-140322) ([md](https://advisorcensus.com/firm/frank-a-neaylon-llc-140322.md)) | 140322 | Not reported, Not reported | State-registered investment adviser | Not reported | 20 | % of assets |
| [Freeport Financial Partners LLC](https://advisorcensus.com/firm/freeport-financial-partners-llc-chicago-il-166682) ([md](https://advisorcensus.com/firm/freeport-financial-partners-llc-chicago-il-166682.md)) | 166682 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 13 | % of assets, Performance fee |
| [Frey Financial](https://advisorcensus.com/firm/frey-financial-urbana-il-123538) ([md](https://advisorcensus.com/firm/frey-financial-urbana-il-123538.md)) | 123538 | Urbana, IL | State-registered investment adviser | Not reported | 27 | % of assets, Hourly, Fixed fee |
| [Frontaura Capital LLC](https://advisorcensus.com/firm/frontaura-capital-llc-chicago-il-162237) ([md](https://advisorcensus.com/firm/frontaura-capital-llc-chicago-il-162237.md)) | 162237 | Chicago, IL | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Performance fee |
| [Frontenac](https://advisorcensus.com/firm/frontenac-chicago-il-156096) ([md](https://advisorcensus.com/firm/frontenac-chicago-il-156096.md)) | 156096 | Chicago, IL | SEC-registered investment adviser | $1 billion to $5 billion | 14 | % of assets, Performance fee, Other |
| [Frontline One Management LLC](https://advisorcensus.com/firm/frontline-one-management-llc-chicago-il-332011) ([md](https://advisorcensus.com/firm/frontline-one-management-llc-chicago-il-332011.md)) | 332011 | Chicago, IL | Exempt reporting adviser | Not reported | 1 | Not reported |
| [FSF Ventures](https://advisorcensus.com/firm/fsf-ventures-chicago-il-334331) ([md](https://advisorcensus.com/firm/fsf-ventures-chicago-il-334331.md)) | 334331 | Chicago, IL | Exempt reporting adviser | Not reported | 0 | Not reported |
| [Funded Life Financial, LLC](https://advisorcensus.com/firm/funded-life-financial-llc-325806) ([md](https://advisorcensus.com/firm/funded-life-financial-llc-325806.md)) | 325806 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets, Fixed fee |
| [Furlong Investment Solutions, LLC](https://advisorcensus.com/firm/furlong-investment-solutions-llc-281796) ([md](https://advisorcensus.com/firm/furlong-investment-solutions-llc-281796.md)) | 281796 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 10 | % of assets, Hourly, Fixed fee |
| [G Squared Equity Management LP](https://advisorcensus.com/firm/g-squared-equity-management-lp-chicago-il-289285) ([md](https://advisorcensus.com/firm/g-squared-equity-management-lp-chicago-il-289285.md)) | 289285 | Chicago, IL | SEC-registered investment adviser | Over $5 billion | 8 | % of assets, Performance fee |
| [G-Legion, LLC](https://advisorcensus.com/firm/g-legion-llc-chicago-il-286297) ([md](https://advisorcensus.com/firm/g-legion-llc-chicago-il-286297.md)) | 286297 | Chicago, IL | SEC-registered investment adviser | Under $25 million | 9 | % of assets |
| [Gallagher Fiduciary Advisors, LLC](https://advisorcensus.com/firm/gallagher-fiduciary-advisors-llc-rolling-meadows-il-146509) ([md](https://advisorcensus.com/firm/gallagher-fiduciary-advisors-llc-rolling-meadows-il-146509.md)) | 146509 | Rolling Meadows, IL | SEC-registered investment adviser | Over $5 billion | 18 | % of assets, Hourly, Fixed fee |
| [Galnet Asset Management, LLC](https://advisorcensus.com/firm/galnet-asset-management-llc-frankfort-il-163467) ([md](https://advisorcensus.com/firm/galnet-asset-management-llc-frankfort-il-163467.md)) | 163467 | Frankfort, IL | Exempt reporting adviser | Not reported | 14 | Not reported |
| [Galvanize Wealth LLC](https://advisorcensus.com/firm/galvanize-wealth-llc-306256) ([md](https://advisorcensus.com/firm/galvanize-wealth-llc-306256.md)) | 306256 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 6 | % of assets, Hourly, Fixed fee |
| [Gambit Asset Management](https://advisorcensus.com/firm/gambit-asset-management-316342) ([md](https://advisorcensus.com/firm/gambit-asset-management-316342.md)) | 316342 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 5 | % of assets, Hourly |
| [Gamma Group](https://advisorcensus.com/firm/gamma-group-118295) ([md](https://advisorcensus.com/firm/gamma-group-118295.md)) | 118295 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 29 | % of assets |
| [Gary Fabian and Associates Incorporated](https://advisorcensus.com/firm/gary-fabian-and-associates-incorporated-123951) ([md](https://advisorcensus.com/firm/gary-fabian-and-associates-incorporated-123951.md)) | 123951 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 29 | % 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.