Financial advisors for retirees in Illinois
Which financial advisor should I talk to as a retiree in Illinois?
For retirees in Illinois, talk to a fee-only planner who already works with people drawing down their savings. Your questions have moved from saving to spending, so look for steady withdrawals, tax-aware RMD planning, and care planning. Records to start with include Maggie Beach of NexJenn Financial Services, Kerry Prazak of The Mather Group and Alex Offerman of Model Wealth.
Where to start
Chosen from what each record shows: credentials that fit this work and fees on file, one advisor per firm.
- Maggie Beach NexJenn Financial Services, Naperville Holds the RICP and CFP. Fees on file: percentage of assets, flat fee or retainer.
- Kerry Prazak The Mather Group, Chicago Holds the CFP and EA. Fees on file: percentage of assets, hourly.
- Alex Offerman Model Wealth, Wheaton Holds the CFP. Fees on file: hourly, flat fee or retainer.
- Allison Meers Pebble Valley Wealth Management, Western Springs Holds the CFP. Fees on file: percentage of assets, flat fee or retainer.
- Thomas Van Spankeren RISE Investments, Chicago Holds the CFP. Fees on file: percentage of assets.
- Charles Horonzy Focused Up Financial, LLC, La Grange Holds the CFP. Fees on file: percentage of assets, ongoing planning fee.
How many fee-only financial advisors in Illinois work with retirees?
The Wellspent public graph lists 111 fee-only advisors for retirees in Illinois, at 61 firms. We counted every advisor record that lists this work, as of October 2026.
Where are fee-only advisors for retirees in Illinois located?
Of the 111 fee-only advisors for retirees in Illinois, 22 are in Chicago, followed by 16 in Champaign and 7 in Wheaton.
Plus 53 in other cities.
How do fee-only advisors for retirees in Illinois charge?
The most common fee among fee-only advisors for retirees in Illinois is a percentage of assets, used by 76% of the 111 with fees on file. Many use more than one: 38% charge fixed fees and 35% charge by the hour.
How much do fee-only financial advisors charge in Illinois?
Fee-only financial advisors in Illinois charge a median of $5,000 a year for ongoing planning. We found this across the published prices of 35 Illinois firms.
How much does a one-time financial plan cost in Illinois?
A one-time financial plan from a fee-only firm in Illinois has a median price of $2,625. We found this across the published prices of 26 Illinois firms.
What credentials should a financial advisor for retirees have?
For retirees, look for the RICP, CFP and EA. In Illinois, 52% of the 111 advisors listed hold the CFP.
- RICP1% in Illinois
- The RICP focuses on income in retirement.
- CFP52% in Illinois
- The CFP covers tax, insurance, and estate decisions together.
- EA1% in Illinois
- Enrolled agents help with RMDs and Medicare surcharges.
How do Illinois advisors for retirees compare with the rest of the US?
76% of fee-only advisors for retirees in Illinois charge a percentage of assets, compared with 87% of the 3,334 listed across the US. That's the largest difference in the Wellspent public graph between the two groups.
Dark bars are Illinois. Light bars are all US advisors for retirees.
Does Illinois tax Social Security?
No. Illinois doesn't tax Social Security. Its treatment of IRA withdrawals and pensions has its own rules, so ask to see them in your plan.
What should I ask a financial advisor as a retiree in Illinois?
- How much can I spend each year, and how will you adjust it?
- How do you plan around RMDs and Medicare premiums?
- How would you pay for long-term care if I needed it?
- What happens if I can't manage this myself, or my spouse dies first?
- How does Illinois tax each source of my retirement income?
How current is this list of fee-only advisors for retirees in Illinois?
Wellspent last checked these records against SEC records in October 2026 and firm websites in October 2026. Each advisor's page shows the date for that record.
All 111 advisors
| Advisor | Firm | City | Credentials | Fees |
|---|---|---|---|---|
| Amy Rosenow Advice-only planning and financial education for women, families and entrepreneurs, from a former investment firm COO and angel investor. | Bold Vision Financial | Chicago | CFP, CFA | One-time planning fee, Hourly |
| Charles Horonzy | Focused Up Financial, LLC | La Grange | CFP, CPA | Percentage of assets, Ongoing planning fee |
| Ivan Havrylyan | Outside The Box Financial Planning, LLC | Wheeling | CFP | One-time planning fee |
| Robert Stoll | Financial Design Studio, Inc. | Deer Park | CFA, CFP | Percentage of assets, Ongoing planning fee |
| Tim Carpenter | Rhodo Wealth Management | Geneva | CFP | One-time planning fee, Percentage of assets |
| Allison Meers | Pebble Valley Wealth Management | Western Springs | CFP, CFA | Percentage of assets, Flat fee or retainer |
| Arun Soni | Avenue 90 Financial | Chicago | CFA, CFP | Percentage of assets, Hourly |
| Dan Wood | Zimmerman Wealth Management, LLC | Evanston | CFA, CFP | Percentage of assets, Fixed fees |
| JoAnn May | Forest Asset Management LLC | Riverside | CFP, CPA/PFS, MBA, CPA | Percentage of assets, Hourly |
| Kerry Prazak | The Mather Group | Chicago | CFP, CRPC, MBA, RFC | Percentage of assets, Hourly |
| Robert Riedl | Endowment Wealth Management, Inc. | Chicago | AWMA, BS, CFA, CFP | Percentage of assets |
| John Piershale | Piershale Wealth Management | Crystal Lake | CFP | Percentage of assets, Hourly |
| Eric Schlosser | Kisher Capital, LLC | Malta | CFP | Percentage of assets, Hourly |
| Erik Barnes | Retirement Portfolio Partners | Warrenville | CFP | Flat fee or retainer |
| Lawrence Pershing | Optimum Retirement Planning | Lisle | CFP, Retirement Management Advisor | Flat fee or retainer |
| Maggie Beach | NexJenn Financial Services | Naperville | CFP, CPA/PFS, MBA, CPA | Percentage of assets, Flat fee or retainer |
| Matthew Knoll | The Planning Center | Chicago | CFP, MBA, CAP | Percentage of assets, Hourly |
| Dave Grant You've worked hard to prepare for retirement. Retirement Matters will guide you through that transition and partner with you as you live out those dreams. | Retirement Matters, Inc. | Barrington | CFP | Percentage of assets, One-time planning fee |
| Matthew Hawk | Cambridge Capital Management, LLC | O Fallon | CFP | Percentage of assets, Hourly |
| Max Novak Flat-fee. Fiduciary. Life-centered planning. | Novak Financial Partners | Carterville | CFP | Flat fee or retainer, Subscription |
| Cynthia Menker | Contour Financial | Orland Park | CFP, CPA, MBA | Percentage of assets |
| David Theis | Fee-Only Financial Advisors, Ltd. | Palatine | BS, CFP | Hourly, Fixed fees |
| James Nash | Clark Wealth Partners | O'Fallon | CFP, ChFC | Percentage of assets, Fixed fees |
| Michael Clark | Clark Wealth Partners | O'Fallon | CFP | Percentage of assets, Fixed fees |
| Thomas Van Spankeren | RISE Investments | Chicago | CFP, CFA | Percentage of assets |
| Vincent DeCrow | RISE Investments | Chicago | CFP | Percentage of assets |
| Dustin Javier | Defined Capital | Oak Brook | CFP | Percentage of assets, Ongoing planning fee |
| Joshi Koneru | Watershed Private Wealth | Oak Brook | CFP | Percentage of assets |
| Lauren Hunt | Daybreak Wealth | Hinsdale | CFP | Flat fee or retainer, Ongoing planning fee |
| Matthew Furlong | Furlong Investment Solutions | Chicago | CFP, CFA | Percentage of assets, Hourly |
| Andrew McDowell | LifeWise Wealth Advisors | Champaign | CFP | Flat fee or retainer |
| Bradley Mendel | Mendel Money Management | Northbrook | CFP | Percentage of assets, Hourly |
| John Burns | Factor Wealth Management | Chicago | CFP | Percentage of assets, Hourly |
| John Foley | LifeWise Wealth Advisors | Champaign | CFP, ChFC | Flat fee or retainer |
| John Kennedy | LifeWise Wealth Advisors | Champaign | CFP | Flat fee or retainer |
| Joshua Nuss | LifeWise Wealth Advisors | Champaign | CFP | Flat fee or retainer |
| Randolph Hardy | Factor Wealth Management | Chicago | CFP, CFA | Percentage of assets, Hourly |
| Thomas Koleski | Cedar Capital Advisors | Glen Ellyn | CFP | Percentage of assets, Fixed fees |
| Alex Offerman | Model Wealth | Wheaton | CFP | Hourly, Flat fee or retainer |
| Donovan Sanchez | Model Wealth | Wheaton | CFP | Hourly, Flat fee or retainer |
| Kraig Mickelsen | KRM Financial Services | St. Charles | CFP | Percentage of assets, Hourly |
| Randall Bruns | Model Wealth | Wheaton | CFP | Hourly, Flat fee or retainer |
| Vinnie Maliakkal | Wavvest | Chicago | CFP | Percentage of assets |
| Andrew Branz | Clark Wealth Partners | O'Fallon | Not listed | Percentage of assets, Fixed fees |
| Barry Mendel | Mendel Money Management | Northbrook | CFA | Percentage of assets, Hourly |
| Jacob Bossert | Konza Global Wealth Group | Chicago | CFP, ChFC | Percentage of assets, Fixed fees |
| Jacob Kuebler | Bluestem Financial Advisors | Savoy | CFP | Ongoing planning fee |
| Jacob McKinney | Clark Wealth Partners | O'Fallon | Not listed | Percentage of assets, Fixed fees |
| Johnathan Frerichs | Bluestem Financial Advisors | Savoy | CFP | Ongoing planning fee |
| Joseph Miebach | Bluestem Financial Advisors | Savoy | CFP | Ongoing planning fee |
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