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Independent RIAs in Illinois

As of October 2, 2026, 842 independent wealth management RIAs based in Illinois reported $622.3 billion in regulatory assets under management; the largest by assets was Hightower Advisors, LLC, with $198.6 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
842
SEC-registered
321
State-registered
521
Regulatory assets under management
$622.3 billion
Client accounts
885,343
Median firm size
$78.8 million
Broker-dealer affiliated firms, not included
43, with $438.7 billion

Illinois requires IAR continuing education, in effect since 2026. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Illinois.

Top firms in Illinois

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Hightower Advisors, LLC Chicago $198.6 billion
2 Cresset Asset Management, LLC Chicago $78.9 billion
3 Savant Wealth Management Rockford $55.6 billion
4 Choreo, LLC Rockford $19.1 billion
5 The Mather Group, LLC Chicago $13.4 billion
6 Brookstone Capital Management LLC Wheaton $12.8 billion
7 Curi Capital, LLC Chicago $11.6 billion
8 Altair Advisers, LLC Chicago $9.8 billion
9 Forum Financial Management, LP Lombard $8.7 billion
10 JMG Financial Group Ltd Downers Grove $7.5 billion

Top 100 in Illinois

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Lucas Group Financial Advisors, LLC Freeport 185.5% $118.3 million
2 Arena Private Wealth Chicago 175.2% $147.1 million
3 Xxi Wealth, LLC Chicago 162.2% $202.7 million
4 Kai Wealth LLC Chicago 154.8% $108.0 million
5 Santa Barbara Management Chicago 104.6% $259.2 million
6 Vestgen Advisors, LLC Chicago 92.1% $3.5 billion
7 SGL Financial, LLC Buffalo Grove 90.3% $218.6 million
8 Financial Elements, Inc Rolling Meadows 88.6% $102.1 million
9 Savant Wealth Management Rockford 87.6% $29.6 billion
10 Tallwoods Partners, LLC Chicago 83.3% $310.7 million

Top 100 in Illinois

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Stenger Family Office, LLC Naperville 59.5% $181.2 million
2 Creekmur Asset Management, LLC Morton 47.2% $250.8 million
3 Lester Financial Group, LLC Champaign 44.0% $133.4 million
4 Harvest Investment Services, LLC Oakbrook Terrace 43.9% $254.3 million
5 Savant Wealth Management Rockford 43.8% $18.7 billion
6 Mowery & Schoenfeld Wealth Management, LLC Lincolnshire 42.2% $182.2 million
7 Meredith Wealth Planning Maryville 40.3% $173.5 million
8 Aaron Wealth Advisors Chicago 39.2% $1.6 billion
9 Vantage Point Financial, LLC Lisle 38.7% $181.8 million
10 Fort Sheridan Advisors LLC Highland Park 36.2% $409.8 million

Top 100 in Illinois

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Aaron Wealth Advisors Chicago 46.6% $634.2 million
2 Cresset Asset Management, LLC Chicago 41.4% $14.0 billion
3 Savant Wealth Management Rockford 40.1% $10.3 billion
4 Evergreen Wealth Springfield 34.9% $263.9 million
5 The Invictus Collective, LLC Park Ridge 34.0% $110.1 million
6 Goldstone Financial Group, LLC Oakbrook Terrace 33.3% $250.2 million
7 Creekmur Asset Management, LLC Morton 32.3% $197.4 million
8 Meredith Wealth Planning Maryville 31.5% $121.6 million
9 Brookstone Capital Management LLC Wheaton 29.2% $3.5 billion
10 Highview Capital Management, LLC Buffalo Grove 28.0% $121.1 million

Top 100 in Illinois

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Hightower Advisors, LLC Chicago $33.8 billion
2 Savant Wealth Management Rockford $26.0 billion
3 Cresset Asset Management, LLC Chicago $8.6 billion
4 Vestgen Advisors, LLC Chicago $3.2 billion
5 Brookstone Capital Management LLC Wheaton $2.3 billion
6 Curi Capital, LLC Chicago $1.8 billion
7 The Mather Group, LLC Chicago $1.7 billion
8 Aaron Wealth Advisors Chicago $1.7 billion
9 Chicago Partners Investment Group LLC Chicago $1.5 billion
10 Calamos Wealth Management LLC Naperville $1.4 billion

Top 100 in Illinois

Independent RIAs with the most clients

Rank Firm City Most clients
1 Hightower Advisors, LLC Chicago 64,535
2 Brookstone Capital Management LLC Wheaton 54,880
3 Savant Wealth Management Rockford 24,204
4 Vestgen Advisors, LLC Chicago 22,790
5 Highpoint Planning Partners Downers Grove 10,348
6 Choreo, LLC Rockford 7,135
7 Forum Financial Management, LP Lombard 5,996
8 Cresset Asset Management, LLC Chicago 4,924
9 The Mather Group, LLC Chicago 4,774
10 Calamos Wealth Management LLC Naperville 4,308

Top 100 in Illinois

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Lucas Group Financial Advisors, LLC Freeport 155.4% 168
2 Vestgen Advisors, LLC Chicago 141.1% 9,453
3 Quantum Capital Investments, Inc. River Forest 118.2% 176
4 Chesley, Taft & Associates, LLC Chicago 62.8% 390
5 Fra Wealth Management LLC O'Fallon 60.2% 568
6 Parkview Asset Management, Inc. Oakbrook Terrace 59.8% 112
7 Main Street Investment Advisors, LLC Northbrook 58.7% 109
8 American Community Wealth Management, LLC Crystal Lake 55.9% 331
9 Timothy Financial Counsel, Inc. Wheaton 52.6% 660
10 Savant Wealth Management Rockford 52.0% 15,925

Top 100 in Illinois

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 Hightower Advisors, LLC Chicago 220,222
2 Brookstone Capital Management LLC Wheaton 81,900
3 Savant Wealth Management Rockford 81,840
4 Cresset Asset Management, LLC Chicago 32,894
5 Choreo, LLC Rockford 24,999
6 Vestgen Advisors, LLC Chicago 22,790
7 Forum Financial Management, LP Lombard 19,838
8 Curi Capital, LLC Chicago 16,939
9 Highpoint Planning Partners Downers Grove 15,742
10 The Mather Group, LLC Chicago 15,200

Top 100 in Illinois

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Hightower Advisors, LLC Chicago 953
2 Brookstone Capital Management LLC Wheaton 320
3 Brookstone Wealth Advisors, LLC Wheaton 247
4 Savant Wealth Management Rockford 238
5 Cresset Asset Management, LLC Chicago 187
6 Curi Capital, LLC Chicago 106
7 Highpoint Planning Partners Downers Grove 102
8 Choreo, LLC Rockford 97
8 The Mather Group, LLC Chicago 97
10 Forum Financial Management, LP Lombard 94

Top 100 in Illinois

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Hightower Advisors, LLC Chicago 29,177
2 Savant Wealth Management Rockford 6,562
3 Brookstone Capital Management LLC Wheaton 4,860
4 Choreo, LLC Rockford 4,392
5 Cresset Asset Management, LLC Chicago 3,667
6 Highpoint Planning Partners Downers Grove 3,304
7 Calamos Wealth Management LLC Naperville 3,141
8 The Mather Group, LLC Chicago 2,876
9 Chicago Partners Investment Group LLC Chicago 1,749
10 Forum Financial Management, LP Lombard 1,719

Top 100 in Illinois

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Hightower Advisors, LLC Chicago 307
2 Savant Wealth Management Rockford 243
3 Choreo, LLC Rockford 62
4 The Mather Group, LLC Chicago 58
5 Cresset Asset Management, LLC Chicago 50
6 Forum Financial Management, LP Lombard 46
7 JMG Financial Group Ltd Downers Grove 42
7 Curi Capital, LLC Chicago 42
9 Highpoint Planning Partners Downers Grove 38
10 Brookstone Capital Management LLC Wheaton 33

Top 100 in Illinois

Newest independent RIAs

Rank Firm City Amount
1 Cohen Capital Chicago $1.1 billion
2 Intentgen Financial Partners Naperville $756.6 million
3 Lifewise Wealth Advisors Champaign $491.9 million
4 Rail-Splitter Capital Management LLC Winnetka $484.1 million
5 15 Wealth Advisors LLC Mundelein $481.5 million
6 Tenet Wealth Partners, LLC Champaign $246.9 million
7 KRM Financial Planning & Wealth Management, LLC St. Charles $211.5 million
8 Kuhn Wealth Management Inc. Schaumburg $150.8 million
9 Pva Financial, LLC Oak Brook $136.9 million
10 Blue Line Capital Chicago $131.9 million

Top 100 in Illinois

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Illinois, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0100200300400201820202021202320242026321October 1, 2018: 223October 1, 2019: 220October 1, 2020: 233October 4, 2021: 248October 3, 2022: 261October 5, 2023: 256October 1, 2024: 267September 2, 2025: 279October 2, 2026: 321
Data table
As ofFirms
October 1, 2018223
October 1, 2019220
October 1, 2020233
October 4, 2021248
October 3, 2022261
October 5, 2023256
October 1, 2024267
September 2, 2025279
October 2, 2026321
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$200B$400B$600B$800B201820202021202320242026$609BOctober 1, 2018: $191.9 billionOctober 1, 2019: $186.2 billionOctober 1, 2020: $223.0 billionOctober 4, 2021: $317.2 billionOctober 3, 2022: $385.2 billionOctober 5, 2023: $375.7 billionOctober 1, 2024: $428.6 billionSeptember 2, 2025: $561.2 billionOctober 2, 2026: $609.5 billion
Data table
As ofRegulatory assets under management
October 1, 2018$191.9 billion
October 1, 2019$186.2 billion
October 1, 2020$223.0 billion
October 4, 2021$317.2 billion
October 3, 2022$385.2 billion
October 5, 2023$375.7 billion
October 1, 2024$428.6 billion
September 2, 2025$561.2 billion
October 2, 2026$609.5 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0250K500K750K1M201820202021202320242026843KOctober 1, 2018: 290,212October 1, 2019: 358,791October 1, 2020: 432,877October 4, 2021: 687,732October 3, 2022: 671,779October 5, 2023: 709,439October 1, 2024: 629,676September 2, 2025: 904,571October 2, 2026: 843,416
Data table
As ofClient accounts
October 1, 2018290,212
October 1, 2019358,791
October 1, 2020432,877
October 4, 2021687,732
October 3, 2022671,779
October 5, 2023709,439
October 1, 2024629,676
September 2, 2025904,571
October 2, 2026843,416
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M$400M201820202021202320242026$323MOctober 1, 2018: $262.0 millionOctober 1, 2019: $239.7 millionOctober 1, 2020: $264.5 millionOctober 4, 2021: $300.3 millionOctober 3, 2022: $306.1 millionOctober 5, 2023: $266.4 millionOctober 1, 2024: $285.8 millionSeptember 2, 2025: $315.0 millionOctober 2, 2026: $322.7 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$262.0 million
October 1, 2019$239.7 million
October 1, 2020$264.5 million
October 4, 2021$300.3 million
October 3, 2022$306.1 million
October 5, 2023$266.4 million
October 1, 2024$285.8 million
September 2, 2025$315.0 million
October 2, 2026$322.7 million

The market in Illinois now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms842321521
Regulatory assets under management$622.3 billion$609.5 billion$12.8 billion
Accounts885,343843,41641,927
Clients364,487334,44630,041
Employees8,4257,664761
Advisory employees5,0244,358666
Investment adviser representatives5,3934,693700
Median RAUM$78.8 million$322.7 million$23.7 million
Average RAUM$884.0 million$1.9 billion$32.9 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million3866380
RAUM of firms under $100 million$11.8 billion$123.1 million$11.7 billion
Firms $100 million to $250 million13212210
RAUM of firms $100 million to $250 million$21.4 billion$20.2 billion$1.1 billion
Firms $250 million to $500 million79790
RAUM of firms $250 million to $500 million$28.3 billion$28.3 billion$0
Firms $500 million to $1 billion53530
RAUM of firms $500 million to $1 billion$37.8 billion$37.8 billion$0
Firms $1 billion to $5 billion39390
RAUM of firms $1 billion to $5 billion$76.6 billion$76.6 billion$0
Firms $5 billion to $10 billion880
RAUM of firms $5 billion to $10 billion$56.4 billion$56.4 billion$0
Firms $10 billion and up770
RAUM of firms $10 billion and up$390.0 billion$390.0 billion$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 66.8%
Top 100 share of RAUM 89.5%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM66.8%68.3%8.9%
Top 100 share of RAUM89.5%91.4%58.7%

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: independent RIAsAs of October 2, 2026.
Charge a percentage of assets 91.7%
Charge hourly fees 51.0%
Charge subscription fees 1.1%
Charge fixed fees 61.2%
Receive commissions 5.6%
Charge performance-based fees 5.3%
Other compensation 7.4%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets91.7%97.8%87.9%
Charge hourly fees51.0%49.5%51.8%
Charge subscription fees1.1%1.2%1.0%
Charge fixed fees61.2%69.8%55.9%
Receive commissions5.6%6.5%5.0%
Charge performance-based fees5.3%7.2%4.2%
Other compensation7.4%8.7%6.5%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

MeasureIndependent RIAsSEC-registeredState-registered
Have custody25.2%52.3%8.4%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated2.0%3.7%1.0%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

MeasureIndependent RIAsSEC-registeredState-registered
New registrations893950
SuccessionsNo data0No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM704314390
Discretionary RAUM$576.9 billion$565.5 billion$11.4 billion
CFP professionals1,6931,490203
25th percentile RAUM$20.0 million$174.3 million$9.7 million
75th percentile RAUM$275.1 million$725.6 million$49.8 million
90th percentile RAUM$780.5 million$1.5 billion$79.8 million
Average account size$702,910$722,632$306,174
Offer financial planning79.0%84.7%75.4%
RAUM growth, one yearNo data8.6%No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Cities with at least five independent RIAs.

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.