Finding a Top Financial Advisor Firm in Rockford, Illinois
Choosing a financial advisor in Rockford, Illinois, can be a tough call when you have so many options to consider - and fine print to read. So to help, we did the initial research for you, collecting and analyzing the data to bring you the top financial advisor firms in Rockford. To cut to the chase even more, use our advisor matching tool. This interactive application recommends up to three vetted financial advisors who serve your area.
Find a Fiduciary Financial Advisor
We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | Savant Wealth Management  Find an Advisor | $29,064,581,877 | $300,000 |
| Minimum Assets$300,000Financial Services
|
| 2 | Choreo, LLC  Find an Advisor | $18,232,358,701 | Varies based on account type |
| Minimum AssetsVaries based on account typeFinancial Services
|
| 3 | Bates Financial Advisors, Inc.  Find an Advisor | $395,625,847 | $100,000 |
| Minimum Assets$100,000Financial Services
|
What We Use in Our Methodology
To find the top financial advisors in Rockford, Illi, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Savant Wealth Management
Savant Wealth Management is a fee-only financial advisor that serves high-net-worth individuals and non-high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations, investment advisers and corporations. The firm provides portfolio management and financial planning services. It can create a personalized financial plan that touches upon some or all of the following topics: Estate planning, wealth transfer, retirement savings and tax consulting.
Account minimums vary, depending on the scope of services you seek. Wealth management service fees are based on the total assets under management, ranging from an annualized rate of 0.5% to 1%. Clients with less than $1,000,000 will pay a minimum $10,000 annual fee and a higher annualized rate than the 1% maximum.
Savant creates investment portfolios that seek to help clients meet their financial goals. When making asset allocation decisions, the firm emphasizes personal factors like risk tolerance, long-term rate-of-return, investment time horizon and more.
Choreo
Choreo is a fee-based firm offering services like investment management and financial planning for topics such as income tax planning, retirement planning, insurance planning, estate planning and more. The firm also offers 1031 like-kind exchange advisory services and wealth management services. These services are offered to individuals, high-net-worth individuals, family offices, estates, trusts, pension plans and other retirement plans.
The firm has a minimum annual fee of $8,000 on a minimum investment amount of $1,000,000. The firm retains the right to negotiate all fees, depending on the service being offered. Any third-party fees incurred are separate from the minimum fees of the firm. Some services, such as financial planning, may be charged hourly.
The advice of the firm and its advisors is primarily based on long-term investing strategies. They often will advise the client to keep assets in the portfolio for at least one year. Ultimately, the firm will develop an investment strategy based on the long-term goals of the individual client.
Bates Financial Advisors, Inc.
Bates Financial Advisors, Inc. is a fee-based firm that works primarily with non-high-net-worth and high-net-worth individuals.Bates Financial requires a minimum $100,000 to open an investment account. It follows then that most of its individuals clients do not have a high net worth.
The practice provides portfolio management on a discretionary or non-discretionary basis. Advisors design portfolios tailored to clients' investment goals and risk tolerance. Bates Financial also offers financial planning and consulting. The firm may advise on numerous financial areas such as tax planning, insurance review, saving for your child’s education through 529 college savings plans and more.
Asset allocation is at the heart of Bates Financial's investment strategy, which it bases on individual factors such as risk appetite, time horizon and tax situation. The firm uses both long-term purchases (securities held for at least a year) and short-term purchases (securiteis sold within a year).
