Wealth management companies in Illinois play a pivotal role in securing and growing individual and family wealth. These firms typically offer an array of services including investment management, financial advice, portfolio analysis, and estate planning. Unlike general financial institutions, they focus heavily on personalized strategies catering to high-net-worth clients. Recent trends indicate a shift towards incorporating technology for enhanced client engagement and service efficiency, as firms embrace digital tools in advisory roles. With the increasing complexity of financial landscapes, these companies adapt and innovate to meet evolving client needs, ensuring sustainability and growth in a competitive market.

The companies featured in this list showcase a mix of family-owned and private equity firms, predominantly located in Chicago. Founded between 1908 and 2021, they range in size from small boutique practices to larger firms with over 1,000 employees. Each specializes in unique aspects of wealth management, from tax planning to investment advisory and family office services. Their competencies reflect current market demands while highlighting their commitment to personalized financial strategies that align with their clients' specific goals.

Read on to learn more about Illinois' top wealth management companies.

Top 19 Wealth Management Companies in Illinois

1. Hightower Advisors

• Website: hightoweradvisors.com
• Ownership type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: December 2020
• Founded year: 2008
• Headcount: 201-500
• LinkedIn: hightower_2

Hightower Advisors is a financial advisory firm based in Chicago, Illinois, founded in 2008. The company specializes in personalized financial planning and investment management services, catering primarily to individuals and families. Hightower operates through a network of fiduciary advisors, ensuring that client interests are prioritized in every interaction. With a workforce of approximately 596 employees, the firm supports over 128 elite financial advisory businesses across 34 states. Hightower Advisors has received recognition for its innovative approach and growth within the industry. They provide a range of value-added services, including marketing support, financial operations, human resources, and regulatory guidance, which help their partner firms thrive. Their commitment to fostering a collaborative community among advisors enhances their standing in the wealth management sector.

2. Cresset

• Website: cressetcapital.com
• Ownership type: Family Owned
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $150.0M, November 2024
• Founded year: 2017
• Headcount: 201-500
• LinkedIn: cresset-capital

Cresset is a wealth management firm based in Chicago, Illinois, founded in 2017 by entrepreneurs Eric Becker and Avy Stein. The firm specializes in providing comprehensive financial advisory services tailored to ultra-high-net-worth families, entrepreneurs, and business owners. Cresset offers a wide range of services, including private wealth management, investment advisory, family office services, and tax strategy planning. The firm emphasizes a client-first approach, adhering to True Fiduciary® standards that prioritize the interests of its clients. Cresset has rapidly grown its assets under management, surpassing $50 billion, and has received accolades from industry publications such as Barron’s and Forbes, highlighting its status as a reputable advisory firm. The company is also known for its innovative approach to wealth management, providing clients with access to institutional-quality private investments and a network of resources designed to simplify complex financial needs.

3. Savant Wealth Management

• Website: savantwealth.com
• Ownership type: Family Owned
• Headquarters: Rockford, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 501-1000
• LinkedIn: savant-capital-management

Savant Wealth Management, based in Rockford, Illinois, is a family-owned financial advisory firm that has been serving clients since 1986. The company specializes in a wide range of services, including comprehensive wealth management, investment management, financial planning, estate planning, tax advisory, and trust services. With a dedicated team of professionals, Savant aims to help individuals, families, and businesses navigate complex financial situations and achieve their financial goals. The firm operates with a fiduciary standard, meaning they are obligated to act in the best interests of their clients. Savant has grown to manage over $28 billion in assets and serves more than 16,100 clients across the United States. Their commitment to community involvement and employee ownership further enhances their reputation in the industry, reflecting a culture that values client relationships and ethical practices.

4. The Mather Group, LLC

• Website: themathergroup.com
• Ownership type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: April 2022
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: themathergroup

The Mather Group, LLC, founded in 2011 and based in Chicago, Illinois, is a financial advisory firm that specializes in comprehensive financial planning, investment management, and tax strategies. With a team of 191 employees, they focus on providing tailored services to individuals, corporate executives, and expatriates. The firm is dedicated to helping clients navigate complex financial situations and achieve their retirement goals. Their approach is characterized by a commitment to low-cost investment strategies, avoiding commissions, and ensuring that clients' interests come first. The Mather Group also integrates tax planning into their services, employing in-house CPAs to provide comprehensive tax strategies that many competitors may overlook. This holistic approach positions them as a significant player in the wealth management industry, particularly for clients with unique financial circumstances.

5. Harris | Oakmark

• Website: harrisassoc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1976
• Headcount: 51-200
• LinkedIn: harris-associates

Harris Associates L.P., based in Chicago, Illinois, is an investment management firm that specializes in value investing strategies. Founded in 1976, the firm has built a reputation for its disciplined research process and commitment to identifying attractive investment opportunities. Harris Associates manages a range of investment vehicles, prominently featuring the Oakmark family of mutual funds. These funds are designed for various clients, including individuals, families, financial advisors, and institutions, all seeking to optimize their investment portfolios. The firm prides itself on its client service and has a consistent investment philosophy that has guided its operations for decades. With a dedicated team of professionals, Harris Associates continues to navigate the complexities of the market, focusing on long-term value creation for its clients.

6. BMO Family Office

• Website: bmofamilyoffice.com
• Ownership type: Family Owned
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 90%, Canada 10%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: bmofamilyoffice

BMO Family Office, based in Chicago, Illinois, is a financial services firm that specializes in wealth management, investment management, and family office services. Established in 1981, the company has built a solid reputation for helping individuals and businesses navigate complex financial landscapes. Their offerings include wealth planning, investment strategies, estate management, and tax planning, tailored to meet the unique needs of their clients. BMO Family Office serves a clientele that includes business owners, entrepreneurs, and professionals across various sectors. The firm emphasizes a personalized approach, ensuring that each client's financial goals are met with customized strategies. As part of BMO Wealth Management, they leverage a broad range of resources and expertise to support their clients in building and preserving wealth over generations.

7. Vestor Capital, LLC

• Website: vestorcapital.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1984
• Headcount: 11-50
• LinkedIn: vestor-capital-corporation

Vestor Capital, LLC, headquartered in Chicago, Illinois, is a wealth management firm that has been active since 1984. The company specializes in providing comprehensive financial advisory services tailored to high-net-worth individuals, families, and business owners. Their offerings include financial planning, investment management, and risk management, all designed to help clients navigate their financial journeys effectively. Vestor Capital prides itself on building strong relationships with clients, ensuring that they receive steady guidance and support throughout their financial endeavors. The firm employs a multidisciplinary team of professionals, including Certified Financial Planners (CFPs), Certified Public Accountants (CPAs), and Chartered Financial Analysts (CFAs), who collaborate to create personalized strategies that align with clients' goals. Vestor Capital also engages in community initiatives, reflecting their commitment to social responsibility. They have not reported any funding, indicating a stable, self-sustaining business model.

8. Great Point Capital LLC

• Website: greatpointcapital.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: May 2017
• Founded year: 2001
• Headcount: 51-200
• LinkedIn: great-point-capital

Great Point Capital LLC, based in Chicago, Illinois, is a wealth management firm that has been providing independent financial services since its inception in 2001. With a team comprised of professional traders, bankers, and experienced wealth managers, the firm specializes in offering tailored solutions for high-net-worth individuals, families, and professional traders. Their services include boutique wealth management, investment banking, and capital market services, all designed to meet the unique needs of their clients. Great Point Capital prides itself on delivering customized services that combine local expertise with a national presence. They also provide access to debt and equity capital markets and offer advisory services for mergers and acquisitions. The firm has built a reputation for supporting independent advisors and professional traders, making it a notable player in the wealth management industry.

9. Altair Advisers

• Website: altairadvisers.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: altair-advisers

Altair Advisers is a private wealth advisory firm based in Chicago, Illinois, founded in 2002. The company specializes in providing investment management, financial planning, and client education services. They cater to a select clientele, including individuals, families, foundations, and endowments. As a fiduciary, Altair prioritizes the best interests of its clients, ensuring that all financial decisions are made with objectivity and integrity. The firm is known for its comprehensive guidance, helping clients navigate complex financial landscapes and achieve their financial goals. Altair Advisers also engages in client education, offering resources such as market commentary, blogs, and white papers to enhance financial literacy. With a team of dedicated professionals, the firm emphasizes a collaborative approach, working closely with clients and their other advisors to create tailored wealth management strategies.

10. Greatdane Investment

• Website: greatdaneinvestment.com
• Ownership type: Private
• Headquarters: Moline, Illinois, United States (USA)
• Founded year: 2021
• Headcount: 1-10
• LinkedIn: greatdane-investment

Greatdane Investment is an investment advisory firm based in Moline, Illinois, established in 2021. The firm specializes in providing personalized financial planning and investment management services, primarily targeting high net worth individuals, business owners, and charitable foundations. With a focus on fiduciary responsibility, Greatdane Investment operates under a fee-only model, ensuring that their interests align with those of their clients. The founder, Todd Richard Potter, brings over three decades of experience in global securities trading and investment advising. The firm emphasizes a single client philosophy, offering clients unlimited access and tailored strategies to meet their financial goals. Greatdane Investment is a Registered Investment Adviser, which underscores its commitment to acting in the best interest of its clients, free from the conflicts of interest that can arise in commission-based models. Their services include comprehensive financial planning, investment management, and a focus on cost-effective, tax-efficient strategies.

11. World Equity Group

• Website: worldequitygroup.com
• Ownership type: Private
• Headquarters: Arlington Heights, Illinois, United States (USA)
• Employee distribution: United States (USA) 82%, Indonesia 18%
• Founded year: 1991
• Headcount: 11-50
• LinkedIn: world-equity-group

World Equity Group, based in Arlington Heights, Illinois, is a private wealth management firm founded in 1991. The company specializes in providing a wide range of financial services tailored to high-net-worth individuals and families. Their offerings include risk management, investment oversight, retirement income distribution, and strategic family wealth planning. With a strong emphasis on a customer-centric approach, World Equity Group operates as an independent broker-dealer, which allows them to select the best products for their clients without being tied to proprietary offerings. The firm manages over $3 billion in assets, showcasing their capability in handling substantial wealth. Their team consists of experienced professionals who are dedicated to fostering long-term relationships with clients, ensuring that they are well-informed and supported in their financial decisions. World Equity Group is registered with the SEC and is a member of FINRA/SIPC, underscoring their compliance and commitment to industry standards.

12. JMG Financial Group, Ltd.

• Website: jmgfinancial.com
• Ownership type: Family Owned
• Headquarters: Downers Grove, Illinois, United States (USA)
• Employee distribution: United States (USA) 96%, Australia 4%
• Founded year: 1984
• Headcount: 51-200
• LinkedIn: jmg-financial-group-ltd

JMG Financial Group, Ltd. is a family-owned wealth management firm based in Downers Grove, Illinois, with a history dating back to 1984. The firm specializes in providing comprehensive financial services tailored to high net worth individuals and families. Their offerings include wealth management, investment management, and tax planning, all designed to help clients navigate the complexities of managing their wealth. JMG operates on a fee-only basis, ensuring that their advice remains unbiased and aligned with the clients' best interests. The firm prides itself on building lasting relationships founded on trust and transparency, with a team of over 90 seasoned professionals dedicated to client success. JMG serves clients across more than 35 states, showcasing their reach and commitment to providing personalized service. Their accolades, including the Schwab Advisor Services' Best-in-Business IMPACT Award, reflect their dedication to excellence in client service and innovative business practices.

13. Rothschild Wealth Partners

• Website: rothschildinv.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 82%, United Kingdom (UK) 5%, Israel 3%, Other 10%
• Founded year: 1908
• Headcount: 51-200
• LinkedIn: rothschild-investment-corporation

Rothschild Wealth Partners, also known as Rothschild Investment LLC, is an investment advisory firm based in Chicago, Illinois. Founded in 1908, the firm has a rich history of providing financial services, initially starting as a full-service brokerage. Over the decades, Rothschild has shifted its focus to wealth management and corporate retirement planning, serving wealthy families, high-net-worth individuals, and organizations. The firm prides itself on a client-first approach, emphasizing personalized investment strategies and risk-adjusted returns. With a team of experienced advisors, Rothschild Wealth Partners offers customized financial solutions, ensuring that clients' unique goals and objectives are met. The firm is registered as a broker/dealer and investment advisor, adhering to industry regulations and standards, which further solidifies its credibility in the financial sector.

14. IRON Financial

• Website: ironfinancial.com
• Ownership type: Private
• Headquarters: Northbrook, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1994
• Headcount: 11-50
• LinkedIn: iron-financial-llc

IRON Financial, established in 1994 and based in Northbrook, Illinois, is a private financial services firm that specializes in investment management and consulting. With a team of approximately 26 employees, the firm focuses on providing a comprehensive suite of wealth solutions tailored for high-net-worth individuals, families, and business owners. Their services include wealth planning, investment advisory, and financial management, all aimed at helping clients achieve their financial goals. As an independent multi-family office, IRON Financial emphasizes a personalized approach, ensuring that their advisors understand the unique needs and aspirations of each client. The firm has developed a reputation for managing core investment strategies and curating private investments that target alternative return streams, showcasing their expertise in navigating complex financial landscapes. Their commitment to client service and strategic financial planning positions them as a relevant player in the wealth management industry.

15. Chicago Partners Wealth Advisors

• Website: chicagopartnersllc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: chicagopartners

Chicago Partners Wealth Advisors, based in Chicago, Illinois, is a private wealth management firm that has been serving clients since its inception in 2008. The firm specializes in providing a range of financial services, including investment management, tax planning, and advanced financial planning. They cater primarily to high-net-worth individuals, corporations, and foundations, focusing on creating customized strategies to optimize wealth. Chicago Partners operates under a fiduciary standard, ensuring that client interests are always prioritized. The firm has grown significantly since its founding, now managing over $4 billion in assets and serving more than 1,800 clients across 42 states. Their team consists of experienced professionals with various financial credentials, enhancing their ability to address complex financial needs. Chicago Partners also emphasizes the importance of integrating different aspects of wealth management, ensuring that investment portfolios align with clients' financial goals and tax strategies.

16. Geneva Advisors

• Website: genevaadvisors.com
• Ownership type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $200.0M, June 2017
• Founded year: 2003
• Headcount: 51-200
• LinkedIn: geneva-investment-management

Geneva Advisors, founded in 2003 and based in Chicago, Illinois, is a wealth management firm that specializes in providing investment advice and portfolio management services to individuals and families. The firm is dedicated to helping clients navigate their financial journeys through customized strategies that align with their unique goals and circumstances. With a team of approximately 26 professionals, Geneva Advisors emphasizes a personalized approach to wealth management, ensuring that each client receives tailored solutions. The firm operates under private equity ownership and has secured significant funding, amounting to $200 million in 2017, which supports its operational capabilities and service enhancements. Geneva Advisors is committed to maintaining a strong presence in the wealth management sector, focusing on building long-term relationships with clients and adapting to their evolving financial needs.

17. The Mosaic Financial Group, LLC

• Website: themosaicgroupllc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: themosaicfinancialgroup

The Mosaic Financial Group, LLC is a wealth management firm based in Chicago, Illinois, founded in 2000. Specializing in investment advisory, tax planning, and estate planning, the firm caters to individuals, families, business owners, and corporate executives. With a team of experienced professionals, including Certified Public Accountants (CPAs) and Certified Financial Planners (CFPs), Mosaic focuses on providing tailored financial solutions that address the unique needs of their clients. They emphasize a holistic approach to wealth management, acting as a personal CFO for their clients and integrating various financial aspects into a cohesive strategy. The firm operates on a fee-only basis, ensuring that their advice is unbiased and aligned with clients' best interests. Mosaic has successfully overseen more than $1.1 billion in client assets, reflecting their capability and reliability in managing wealth.

18. Vivaldi Capital Management

• Website: vivaldicap.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: vivaldi-capital-management-llc

Vivaldi Capital Management LP, based in Chicago, Illinois, is a private wealth management firm founded in 2012. The firm provides integrated advisory services aimed at high-net-worth individuals, families, and institutions. Vivaldi specializes in wealth management, investment research, and retirement plan services, helping clients navigate the complexities of financial planning and investment strategies. The firm prides itself on a holistic approach to wealth preservation and growth, ensuring that clients' unique life and wealth goals are at the forefront of their services. Vivaldi's team is actively involved in the industry, with members recognized for their expertise and contributions, such as Ilya Zlotnik, who has been honored by Forbes for his outstanding advisory work. This recognition reflects the firm's commitment to excellence and its proactive engagement with clients. Vivaldi operates multiple offices across the United States, further solidifying its presence in the wealth management sector.

19. Pekin Hardy Strauss Wealth Management

• Website: pekinhardy.com
• Ownership type: Family Owned
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1990
• Headcount: 11-50
• LinkedIn: pekin-hardy-strauss-wealth-management

Pekin Hardy Strauss Wealth Management is a family-owned firm based in Chicago, Illinois, specializing in personalized financial planning and investment management. Established in 1990, the firm has nearly three decades of experience helping individuals and families navigate the complexities of financial markets. Pekin Hardy Strauss operates as a fiduciary, ensuring that the interests of their clients are always at the forefront of their decision-making. The firm manages around $950 million in assets, focusing on a disciplined value investing approach that seeks to generate market-beating returns. Their investment philosophy is rooted in thorough research and a commitment to understanding each client's unique financial situation and goals. As a Certified B Corporation, Pekin Hardy Strauss demonstrates a commitment to social and environmental responsibility, integrating these values into their investment strategies. They also emphasize the importance of building long-term relationships with clients, tailoring their services to meet individual needs and preferences.

Wealth Management Insights: Key Companies in Illinois

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