State market data

Wealth management firms in Illinois

As of October 2, 2026, 885 wealth management firms, including broker-dealer firms, based in Illinois reported $1.1 trillion in regulatory assets under management; the largest by assets was Cetera Investment Advisers LLC, with $256.8 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 885
SEC-registered: 355
State-registered: 530
Regulatory assets under management: $1.1 trillion
Client accounts: 1,891,589
Median firm size: $84.1 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	RAUM
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	$256.8 billion
2	Hightower Advisors, LLC	Chicago	$198.6 billion
3	Cresset Asset Management, LLC	Chicago	$78.9 billion
4	CIBC Private Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$67.8 billion
5	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$64.3 billion
6	Savant Wealth Management	Rockford	$55.6 billion
7	Choreo, LLC	Rockford	$19.1 billion
8	The Mather Group, LLC	Chicago	$13.4 billion
9	Brookstone Capital Management LLC	Wheaton	$12.8 billion
10	Curi Capital, LLC	Chicago	$11.6 billion

Top 100 in Illinois

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Illinois, top 10
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	Rothschild Wealth LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Oakbrook	126.0%	$751.1 million
6	Santa Barbara Management	Chicago	104.6%	$259.2 million
7	Vestgen Advisors, LLC	Chicago	92.1%	$3.5 billion
8	SGL Financial, LLC	Buffalo Grove	90.3%	$218.6 million
9	Financial Elements, Inc	Rolling Meadows	88.6%	$102.1 million
10	Savant Wealth Management	Rockford	87.6%	$29.6 billion

Top 100 in Illinois

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Growth	Starting value
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	97.5%	$33.4 billion
2	Mwa Financial Services, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Rock Island	67.7%	$135.6 million
3	Stenger Family Office, LLC	Naperville	59.5%	$181.2 million
4	Creekmur Asset Management, LLC	Morton	47.2%	$250.8 million
5	Lester Financial Group, LLC	Champaign	44.0%	$133.4 million
6	Harvest Investment Services, LLC	Oakbrook Terrace	43.9%	$254.3 million
7	Savant Wealth Management	Rockford	43.8%	$18.7 billion
8	Mowery & Schoenfeld Wealth Management, LLC	Lincolnshire	42.2%	$182.2 million
9	Rothschild Wealth LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Oakbrook	41.0%	$605.9 million
10	Meredith Wealth Planning	Maryville	40.3%	$173.5 million

Top 100 in Illinois

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Growth	Starting value
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	55.4%	$28.3 billion
2	Aaron Wealth Advisors	Chicago	46.6%	$634.2 million
3	Cresset Asset Management, LLC	Chicago	41.4%	$14.0 billion
4	Savant Wealth Management	Rockford	40.1%	$10.3 billion
5	Evergreen Wealth	Springfield	34.9%	$263.9 million
6	The Invictus Collective, LLC	Park Ridge	34.0%	$110.1 million
7	Goldstone Financial Group, LLC	Oakbrook Terrace	33.3%	$250.2 million
8	Creekmur Asset Management, LLC	Morton	32.3%	$197.4 million
9	Meredith Wealth Planning	Maryville	31.5%	$121.6 million
10	River Street Advisors, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Aurora	30.5%	$142.3 million

Top 100 in Illinois

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Increase
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	$93.0 billion
2	Hightower Advisors, LLC	Chicago	$33.8 billion
3	Savant Wealth Management	Rockford	$26.0 billion
4	Cresset Asset Management, LLC	Chicago	$8.6 billion
5	CIBC Private Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$6.7 billion
6	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$6.0 billion
7	Iht Wealth Management LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$3.4 billion
8	Vestgen Advisors, LLC	Chicago	$3.2 billion
9	Brookstone Capital Management LLC	Wheaton	$2.3 billion
10	BMO Family Office, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	$1.9 billion

Top 100 in Illinois

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Most clients
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	837,980
2	Hightower Advisors, LLC	Chicago	64,535
3	Brookstone Capital Management LLC	Wheaton	54,880
4	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	38,171
5	Iht Wealth Management LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	25,862
6	Savant Wealth Management	Rockford	24,204
7	Vestgen Advisors, LLC	Chicago	22,790
8	Bankers Life Advisory Services, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	14,314
9	LaSalle St. Investment Advisors, L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Elmhurst	14,284
10	Ipi Wealth Management, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Decatur	13,286

Top 100 in Illinois

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Growth	Starting value
1	Rothschild Wealth LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Oakbrook	254.6%	1,031
2	Lucas Group Financial Advisors, LLC	Freeport	155.4%	168
3	Vestgen Advisors, LLC	Chicago	141.1%	9,453
4	Chicago Capital Management Advisors, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Lisle	121.1%	560
5	Quantum Capital Investments, Inc.	River Forest	118.2%	176
6	Chesley, Taft & Associates, LLC	Chicago	62.8%	390
7	Fra Wealth Management LLC	O'Fallon	60.2%	568
8	Parkview Asset Management, Inc.	Oakbrook Terrace	59.8%	112
9	Main Street Investment Advisors, LLC	Northbrook	58.7%	109
10	American Community Wealth Management, LLC	Crystal Lake	55.9%	331

Top 100 in Illinois

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Most accounts
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	813,961
2	Hightower Advisors, LLC	Chicago	220,222
3	Brookstone Capital Management LLC	Wheaton	81,900
4	Savant Wealth Management	Rockford	81,840
5	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	39,781
6	Cresset Asset Management, LLC	Chicago	32,894
7	CIBC Private Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	29,019
8	Iht Wealth Management LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	25,536
9	Choreo, LLC	Rockford	24,999
10	Vestgen Advisors, LLC	Chicago	22,790

Top 100 in Illinois

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Most advisory staff
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	9,049
2	Hightower Advisors, LLC	Chicago	953
3	Bankers Life Advisory Services, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	433
4	Brookstone Capital Management LLC	Wheaton	320
5	Brookstone Wealth Advisors, LLC	Wheaton	247
6	Savant Wealth Management	Rockford	238
7	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	231
8	CIBC Private Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	220
9	Cresset Asset Management, LLC	Chicago	187
10	Mwa Financial Services, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Rock Island	164

Top 100 in Illinois

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Most high net worth clients
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	79,279
2	Hightower Advisors, LLC	Chicago	29,177
3	William Blair & Company L.L.C. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	9,054
4	Iht Wealth Management LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	6,952
5	Savant Wealth Management	Rockford	6,562
6	Brookstone Capital Management LLC	Wheaton	4,860
7	Choreo, LLC	Rockford	4,392
8	Cresset Asset Management, LLC	Chicago	3,667
9	Arete Wealth Advisors, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	3,441
10	Highpoint Planning Partners	Downers Grove	3,304

Top 100 in Illinois

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in Illinois, top 10
Rank	Firm	City	Most CFP professionals
1	Cetera Investment Advisers LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Schaumburg	1,867
2	Hightower Advisors, LLC	Chicago	307
3	Savant Wealth Management	Rockford	243
4	Choreo, LLC	Rockford	62
5	The Mather Group, LLC	Chicago	58
6	Cresset Asset Management, LLC	Chicago	50
7	Forum Financial Management, LP	Lombard	46
8	JMG Financial Group Ltd	Downers Grove	42
8	Curi Capital, LLC	Chicago	42
8	Iht Wealth Management LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Chicago	42

Top 100 in Illinois

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Illinois, top 10
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	Landolt Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Lake Bluff	$137.8 million
10	Pva Financial, LLC	Oak Brook	$136.9 million

Top 100 in Illinois

Over time

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

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	255
October 1, 2019	255
October 1, 2020	264
October 4, 2021	275
October 3, 2022	294
October 5, 2023	289
October 1, 2024	298
September 2, 2025	309
October 2, 2026	355

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$275.1 billion
October 1, 2019	$265.4 billion
October 1, 2020	$322.3 billion
October 4, 2021	$456.3 billion
October 3, 2022	$575.6 billion
October 5, 2023	$529.6 billion
October 1, 2024	$711.6 billion
September 2, 2025	$883.3 billion
October 2, 2026	$1.0 trillion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	449,257
October 1, 2019	516,239
October 1, 2020	628,530
October 4, 2021	934,840
October 3, 2022	1,002,789
October 5, 2023	1,059,071
October 1, 2024	1,410,596
September 2, 2025	1,666,475
October 2, 2026	1,849,480

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$273.0 million
October 1, 2019	$251.1 million
October 1, 2020	$272.1 million
October 4, 2021	$308.9 million
October 3, 2022	$308.5 million
October 5, 2023	$270.1 million
October 1, 2024	$291.2 million
September 2, 2025	$325.3 million
October 2, 2026	$333.1 million

The market in Illinois now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	885	355	530
Regulatory assets under management	$1.1 trillion	$1.0 trillion	$13.0 billion
Accounts	1,891,589	1,849,480	42,109
Clients	1,360,211	1,329,947	30,264
Employees	22,604	21,809	795
Advisory employees	16,088	15,400	688
Investment adviser representatives	18,156	17,433	723
Median RAUM	$84.1 million	$333.1 million	$23.9 million
Average RAUM	$1.4 billion	$3.0 billion	$33.0 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	392	8	384
RAUM of firms under $100 million	$12.1 billion	$214.8 million	$11.9 billion
Firms $100 million to $250 million	136	126	10
RAUM of firms $100 million to $250 million	$21.9 billion	$20.8 billion	$1.1 billion
Firms $250 million to $500 million	84	84	0
RAUM of firms $250 million to $500 million	$29.8 billion	$29.8 billion	$0
Firms $500 million to $1 billion	58	58	0
RAUM of firms $500 million to $1 billion	$41.0 billion	$41.0 billion	$0
Firms $1 billion to $5 billion	48	48	0
RAUM of firms $1 billion to $5 billion	$95.2 billion	$95.2 billion	$0
Firms $5 billion to $10 billion	11	11	0
RAUM of firms $5 billion to $10 billion	$81.9 billion	$81.9 billion	$0
Firms $10 billion and up	10	10	0
RAUM of firms $10 billion and up	$779.0 billion	$779.0 billion	$0

Concentration

How much of the market the largest advisers hold.

Concentration: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		73.4%
Top 100 share of RAUM		92.5%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	73.4%	74.3%	8.7%
Top 100 share of RAUM	92.5%	93.7%	58.3%

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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		91.9%
Charge hourly fees		51.2%
Charge subscription fees		1.0%
Charge fixed fees		61.4%
Receive commissions		6.0%
Charge performance-based fees		5.4%
Other compensation		7.8%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	91.9%	98.0%	87.7%
Charge hourly fees	51.2%	50.4%	51.7%
Charge subscription fees	1.0%	1.1%	0.9%
Charge fixed fees	61.4%	70.1%	55.5%
Receive commissions	6.0%	7.0%	5.3%
Charge performance-based fees	5.4%	7.3%	4.2%
Other compensation	7.8%	9.6%	6.6%

Custody

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

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	25.1%	50.1%	8.3%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	5.5%	10.4%	2.3%

New firms and successions

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

New firms and successions, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
New registrations	95	43	52
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	739	345	394
Discretionary RAUM	$951.5 billion	$940.0 billion	$11.5 billion
CFP professionals	3,783	3,575	208
25th percentile RAUM	$21.5 million	$180.0 million	$9.7 million
75th percentile RAUM	$301.7 million	$781.0 million	$50.2 million
90th percentile RAUM	$935.1 million	$2.2 billion	$80.4 million
Average account size	$560,903	$566,640	$308,887
Offer financial planning	79.2%	85.1%	75.3%
RAUM growth, one year	No data	18.7%	No data

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

Cities

Chicago 198 independent RIAs, $388.4 billion
Rockford 5 independent RIAs, $75.4 billion
Downers Grove 15 independent RIAs, $19.2 billion
Wheaton 13 independent RIAs, $13.5 billion
Naperville 43 independent RIAs, $12.4 billion
Lake Forest 12 independent RIAs, $8.2 billion
Peoria 8 independent RIAs, $6.0 billion
Deerfield 12 independent RIAs, $5.5 billion
Champaign 13 independent RIAs, $5.2 billion
Northbrook 26 independent RIAs, $4.6 billion
Hinsdale 7 independent RIAs, $4.6 billion
Springfield 9 independent RIAs, $4.4 billion
Oak Brook 21 independent RIAs, $3.2 billion
Highland Park 7 independent RIAs, $2.6 billion
Oakbrook Terrace 6 independent RIAs, $2.5 billion
Northfield 13 independent RIAs, $2.2 billion
Lincolnshire 6 independent RIAs, $2.0 billion
Hoffman Estates 7 independent RIAs, $2.0 billion
Libertyville 6 independent RIAs, $2.0 billion
Winnetka 12 independent RIAs, $1.9 billion
Burr Ridge 8 independent RIAs, $1.8 billion
Barrington 12 independent RIAs, $1.8 billion
St. Charles 9 independent RIAs, $1.5 billion
Frankfort 5 independent RIAs, $1.4 billion
Buffalo Grove 5 independent RIAs, $1.4 billion
Geneva 9 independent RIAs, $1.2 billion
Orland Park 11 independent RIAs, $1.2 billion
Glenview 11 independent RIAs, $1.2 billion
Skokie 7 independent RIAs, $1.1 billion
Arlington Heights 12 independent RIAs, $1.1 billion
Evanston 12 independent RIAs, $1.1 billion
Lisle 7 independent RIAs, $996.7 million
Western Springs 6 independent RIAs, $977.1 million
Elmhurst 5 independent RIAs, $874.3 million
Wilmette 8 independent RIAs, $845.6 million
Oak Park 12 independent RIAs, $562.7 million
Schaumburg 7 independent RIAs, $558.6 million
Palatine 11 independent RIAs, $529.9 million
Bloomington 5 independent RIAs, $434.4 million
Glen Ellyn 7 independent RIAs, $363.5 million

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.