MH
Michael Hollis
Tapestryfp
Aurora, IL
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Fiduciary advisors in Illinois.
Browse 1 verified fee-only fiduciary advisor in Illinois. Every one has earned the Orange Check badge.
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Showing 1 to 1 of 1 advisors in Illinois
Filter this list furtherAbout fiduciary advisors in Illinois
Illinois has one of the largest and most diverse financial planning markets in the Midwest, anchored by Chicago's deep financial services industry (commodity trading, asset management, insurance, and banking) alongside a suburban corridor of corporate headquarters and a large public employee base served by state pension systems. Every advisor verified by Fiduciary Check in Illinois has been confirmed against SEC IAPD and FINRA records with no material disciplinary history.
Illinois's Securities Department is part of the Office of the Secretary of State and oversees investment advisers registered at the state level. Chicago's size means many Illinois-based RIAs register with the SEC. The state has one of the country's most active financial regulator enforcement records, checking BrokerCheck and SEC IAPD for discipline history is especially worthwhile in a market this large.
By metro
Chicago and the North Shore: Chicago's financial planning market spans the Loop's wirehouse and bank-affiliated offices, the independent RIA corridor running through Lincoln Park, River North, and Gold Coast, and the North Shore suburban market in Evanston, Wilmette, and Glencoe that serves corporate executives and university professionals. All verified advisors in the Fiduciary Check directory in the Chicago area have passed a clean-record check.
Naperville and the western suburbs: The DuPage County corridor (Naperville, Wheaton, Downers Grove) has a large and active independent planning market serving corporate employees from the many headquarters in the area. This is one of the highest-income suburban markets in the country, and the supply of fee-only advisors has grown to match it.
Common questions
Fiduciary advisors in Illinois: frequently asked questions
- What is the difference between a fiduciary and a broker in Illinois?
- In Illinois, a Registered Investment Adviser or Investment Adviser Representative must act as a fiduciary, putting your interests first, disclosing all conflicts, and recommending cost-effective options. A FINRA-registered broker follows Regulation Best Interest, a lower bar. The Illinois Securities Department within the Office of the Illinois Secretary of State regulates state-registered investment advisers.
- How do I verify a financial advisor in Illinois?
- Search the advisor at adviserinfo.sec.gov (SEC IAPD) and brokercheck.finra.org (FINRA BrokerCheck). For state-registered advisers, also check the Illinois Secretary of State's Securities Department at ilsos.gov/departments/securities.html.
- Are there fiduciary advisors in Chicago who specialize in finance industry professionals?
- Yes. Chicago's trading, asset management, and private equity ecosystem has produced a subset of fee-only RIAs who serve finance professionals (traders, portfolio managers, and banking executives) with expertise in complex deferred compensation, carry interest, and tax planning around variable income. Use the Fiduciary Check directory filtered to Illinois and look for advisors who list finance industry clients as a specialty.
- What should Illinois public employees know about choosing a fiduciary advisor?
- Illinois has several public pension systems: TRS for teachers, SERS for state employees, IMRF for municipal workers. A fiduciary advisor in Illinois should integrate your pension benefit into your overall retirement projection rather than treating it separately. Ask any prospective advisor whether they model state pension income in their planning software.