Top Financial Advisors in Naperville, IL

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Calamos Wealth Management is a fee-only wealth advisory firm and top-rated practice on our list of firms in Naperville. The majority of its clients are high-net-worth individuals, but the practice also works with non-high-net-worth individuals, pension and profit sharing plans, charitable organizations and businesses. The firm’s minimum relationship size is $1 million. However, individual separately managed accounts (SMAs) have an investment minimum of $100,000. Institutional SMAs are accounts have an investment minimum of $5 million.

For investment management services, the firm will typically charge between 1.25% and 0.50% of your managed assets. If you’re participating in the firm's managed mutual fund program, the percentage will vary between 0.20% and 0.50%. Your exact percentage within that range will depend on the market value of your assets. The firm generally doesn’t charge extra fees for financial planning services.

Calamos Wealth Management starts each investment process by sitting down with the client and establishing some key information like current assets, investing goals, tax situation and risk tolerance, among other things. From there, the firm will determine what combination of asset classes would be most appropriate. The firm constructs client portfolios using individual equities, individual fixed-income securities, Calamos mutual funds, non-Calamos mutual funds, exchange-traded funds (ETFs), limited partnerships, external investment managers and other securities it believes are appropriate.

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Lantz Financial is a fee-based firm whose client base comprises individuals and high-net-worth individuals. The firm doesn’t have an account minimum. For investment management services, Lantz charges a negotiable percentage of your assets under management (AUM) that won’t exceed 1.25%. Financial planning fees will be charged either as a fixed fee or as an hourly rate. This will also be negotiable and can vary based on the nature and complexity of your financial situation.

The firm offers portfolio management, along with limited financial planning and consulting for retirement plans. The financial planning services can cover topics like education funding, retirement planning, estate planning, risk management, employee benefits planning and tax planning.

When analyzing securities, the firm primarily relies on fundamental analysis, the practice of examining overall financial and economic factors alongside a company or fund’s basic information in order to gauge its value. The firm also subscribes to Modern Portfolio Theory, which seeks to maximize return for a given amount of risk. As a result, mutual funds and exchange-traded funds serve as the primary investment vehicles used in the construction of client portfolios.

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DHJJ Financial Advisors is a fee-only firm that primarily works with individuals and high-net-worth individuals. The firm also serves pensions and sharing plans, corporations and businesses. There is no minimum account size. 

For portfolio management services, the firm charges fees that are based on a percentage of your assets, which can range from 0.5% to 1.75%. Financial planning fees are typically charged as an hourly fee between $150 and $400. As a fee-only practice, DHJJ Financial Advisors does not receive commissions or third-party compensation for selling securities or insurance.

The firm provides clients with investment advice, asset management services, financial planning and retirement plan services. Financial planning services may encompass retirement planning, insurance needs, estate planning, tax planning and cash flow, among other topics. The firm does not act as a custodian of any client assets. 

The firm also prioritizes asset allocation over individual security selection during portfolio construction. To determine the proper asset allocation, advisors will consider the client’s risk tolerance, investment goals, cash flow needs, time horizon and other unique factors. DHJJ provides investment recommendations on a wide range of securities, including exchange-listed securities, securities traded over-the-counter, foreign issuers, warrants, variable life insurance, mutual fund shares, U.S. government securities, options and futures contracts, among others. 

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Stenger Family Office, LLC is an SEC-registered RIA based in Naperville, IL that provides discretionary investment management alongside a broad “family office” planning offering. Client engagements commonly begin with a comprehensive financial plan and an ongoing advisory relationship; the firm highlights in-house coordination with tax accountants, CPAs, and estate-planning attorneys so portfolio moves are integrated with tax and estate strategy. Stenger states it does not sell proprietary investment products and positions itself as a fiduciary.

Fees are primarily asset-based for wealth-management clients, with the website indicating most relationships start at 1.25% of AUM and may step down as assets grow. The firm’s ADV also indicates it may charge fixed or hourly fees for certain planning/consulting engagements (separate from AUM fees). Clients remain responsible for custodian/transaction charges and any fund-level expenses.

Portfolios are customized to a client’s long-term objectives rather than built from a one-size risk questionnaire, with the firm emphasizing a framework that separates “safe money” from “growth money.” The toolkit described publicly includes individualized asset allocation and ongoing monitoring; content aimed at ExxonMobil and other energy-sector households suggests experience with corporate benefit packages and pre-retiree planning. 

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RAI Wealth serves individual investors. It appears their core offering is investment advisory, including discretionary management. It’s not clear from the summary whether they offer non-discretionary services or extensive standalone financial planning (e.g. estate planning, tax planning, etc.), because the summary page focuses mostly on the advisory/investment management side.

RAI Wealth appears to offer a traditional advisory service model: discretionary investment management for individual clients, ongoing monitoring, fee by AUM, with likely standard diversification. Fees are asset-based as a percentage of assets under management.

From what is visible, RAI Wealth uses a process of monitoring and review, presumably with regular rebalancing of portfolios. The firm likely employs diversification among different asset classes, but details such as the use of mutual funds vs individual securities, tactical vs strategic allocation, fixed income vs alternatives, or the due diligence framework are not disclosed in the summary. Likewise, the summary doesn’t highlight use of sub-advisers, model portfolios or quantitative tools.

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Left Brain Wealth Management is a fee-based firm that works mainly with individuals and high-net-worth individuals, as well as pooled investment vehicles. Left Brain provides discretionary asset management services, financial planning services, consulting services for 401(k) plans and private fund management. 

The firm doesn’t have a minimum account size. Financial planning fees at the firm can come in the form of a $600 hourly fee or a fixed, negotiable fee for more complex services. For investment management services, the firm usually charges a percentage of your assets between 1% and 2%.

Left Brain typically invests in a diversified mix of stocks, bonds, exchange-traded funds (ETFs), mutual funds, U.S. government securities, municipal securities and corporate debt obligations. To determine which securities to invest in, the firm relies on quantitative methods to optimize client portfolios, and employs both fundamental and technical methods of analysis. 

Because every client has their own distinct set of needs and goals, the firm will create a separate investment strategy based on each client’s risk tolerance, liquidity requirements and overall time horizon. The firm takes these factors into account and uses them to create an asset allocation and investment strategy that it believes is best equipped to produce success over the long term.

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T2 Asset Management, LLC is an SEC-registered RIA that works primarily with retail investors, pairing portfolio management with holistic planning. The firm emphasizes building diversified portfolios aligned to a client’s goals and risk tolerance, with an explicit focus on reducing volatility. Alongside investment management, T2 offers financial planning, tax planning in coordination with a client’s accountant, and estate planning in coordination with a client’s attorney, positioning these under one advisory relationship.

Services are typically delivered on a discretionary basis, though non-discretionary advice is available. Portfolios are monitored continuously, formally reviewed at least annually, and can include equities, fixed income, mutual funds, ETFs and options. The firm notes a general minimum account size of $100,000, which it may waive. 

Fees are charged as a percentage of assets under management and are assessed quarterly; T2 also highlights that it does not charge extra for financial-planning work beyond the advisory fee. As with most RIAs, clients still pay custodial/transaction charges and any internal fund expenses. The firm’s materials illustrate fees in asset-based terms (e.g., a 1% annualized example) and remind clients that fees rise and fall with portfolio value.

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Fiduciary Financial Partners is a fee-based firm that opened for business in 2011. It currently works with individuals, high-net-worth individuals and pension and profit-sharing plans. The firm offers portfolio management services, as well as financial planning and consulting services to its individual clients. Additionally, consulting services are available for qualified retirement plans. Financial planning services may touch upon retirement planning, estate planning, tax management, investment planning, education funding, business exit strategies and other topics. 

Some of the advisors at Fiduciary Financial Partners are registered representatives of a broker-dealer, and some are licensed to sell insurance products such as life insurance or annuities. This means these advisors could potentially earn commissions on top of the advisory fees you pay. Despite this potential conflict of interest, the firm must always act in the best interest of its clients.

The firm typically calculates portfolio management fees as a percentage of AUM, with rates ranging from 0.25% to 1%, depending on the value of your assets. Financial planning fees are charged as a negotiable flat fee, and they won’t exceed $1,200 if services can be fully rendered within six months.

Fiduciary Financial Partners uses fundamental analysis and cyclical analysis to analyze potential securities. It typically invests in equity securities, mutual funds, exchange-traded funds, fixed-income securities, corporate debt obligations and variable annuities. The firm tailors its investment strategy to each client, keeping in mind that investing goals and risk tolerance can vary significantly from client to client. The firm will sit down with each client, often more than once, to establish goals and any other key factors. From there, it will formulate an investment strategy and asset allocation it deems appropriate for that client.

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Our list of the top advisory firms in Naperville concludes with Millington Financial Advisors, a fee-based firm that's been in business for over a decade. Despite not having an account minimum, Millington works with slightly more high-net-worth individuals than peopel below the high-net-worth threshold. 

The firm specializes in investment advisory and financial planning services for individual clients, but may also provide those services to institutional clients like retirement plans, charities and businesses. Specifically, the firm can help in the following areas:

Millington primarily manages client assets on a discretionary basis, investing in a combination of exchange-traded funds (ETFs), individual equity securities and debt instruments. The firm builds customized portfolios aimed at protecting principal so clients can weather market volatility and participate in eventual recoveries. 

On rare occasions, the firm offers clients commission-based products through Millington Investments, Inc., an affiliated broker-dealer. However, the firm notes that such recommendations are made only after the client's goals and financial objectives are fully understood. If your advisor recommends commission-based products, be sure to ask why they're the best option for your situation and/or financial objectives. 

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Stone Island Financial Planning is a fee-only firm that works with individuals, high-net-worth individuals, retirement plans and charitable organizations. The firm charges flat, hourly and asset-based fees. Hourly rates range between $300 and $500, depending on the complexity of the services that are needed.

As a fee-only practice, Stone Island's advisors do not receive commissions or other third-party compensation when recommending insurance or financial products. However, the firm also may charge some clients performance-based fees that can reach up to 30%. Keep in mind that performance-based fees create a conflict of interest because they can incentivize the use of riskier or more speculative investments in an attempt to generate higher profits. 

Services include combined investment management and financial planning, as well as ongoing standalone financial planning and project-based financial planning. The firm's work with clients may touch on their net worth, cash flow, retirement planning, investment allocation, security selections, estate planning, insurance benefits, education funding and employee benefits.

Stone Island conducts cyclical, fundamental and technical analysis, as well as charting, to evaluate and select securities for client portfolios. As for portfolio composition, the firm provides advice to individuals on equity and fixed-income securities, options and futures, exchange-traded funds, mutual funds and pooled investment vehicles. Investment management is rendered on a discretionary basis, meaning the firm has full control over client accounts and can make transactions without getting prior approval each time.