Question 1

Why should I hire a financial advisor to manage my money?

Accepted Answer

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

Question 2

How can I pick a good financial advisor?

Accepted Answer

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

Question 3

What's the difference between a financial planner and a financial advisor?

Accepted Answer

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

Question 4

How much money should you have before getting a financial advisor?

Accepted Answer

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

Question 5

What type of financial advisor do I need?

Accepted Answer

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
KEB WEALTH ADVISORS 3200 Robbins Road, Suite 200a Springfield, IL, 62704	117935	$799,315,826	1786	A Percentage of AUM, Hourly charges
TROXELL FINANCIAL 214 South Grand Avenue West, Springfield, IL, 62704	168998	$665,915,443	514	A Percentage of AUM, Hourly charges, Fixed Fees
BOS ASSET MANAGEMENT, LLC 3400 Wabash Avenue, Springfield, IL, 62711	310632	$635,702,210	884	A Percentage of AUM, Hourly charges, Fixed Fees
SIKICH FINANCIAL 3051 Hollis Drive, 3rd Floor Springfield, IL, 62704	142640	$486,375,612	1568	A Percentage of AUM, Hourly charges, Fixed Fees
SKINNER, COPPER & EHMEN WEALTH MANAGEMENT, LLC 3000 Professional Dr., Ste 201 Springfield, IL, 62703	159255	$463,337,831	1726	A Percentage of AUM, Fixed Fees
ROBERT GORDON & ASSOCIATES INC 1201 S. Veterans Parkway Ste A, Springfield, IL, 62704	106037	$265,855,698	728	A Percentage of AUM, Hourly charges, Fixed Fees
HORACE MANN INVESTORS, INC. One Horace Mann Plaza, Springfield, IL, 62715-0001	11643	$0	0	Other (PERCENTAGE OF ASSETS UNDER THIRD PARTY INVESTMENT MANAGEMENT)

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How To Find The Best Financial Advisors in Springfield, Illinois
Last Updated - 13-Jun-2023

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Top Financial Advisor Firms in Springfield, Illinois (Ranked by AUM)

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