Financial advisors for family wealth transfer in Illinois
Which financial advisor should I talk to about passing wealth to the next generation in Illinois?
For family wealth transfer in Illinois, talk to a fee-only planner who works with more than one generation, and who will sit down with your children as well as you. The technical work is gifting and trusts, but the harder part is usually preparing the family. Records to start with include Barry Federici of Family First Wealth Management, LLC, Garrett Chmiola of Valeo Financial Advisors and Robert Riedl of Endowment Wealth Management, Inc..
Where to start
Chosen from what each record shows: credentials that fit this work and fees on file, one advisor per firm.
- Barry Federici Family First Wealth Management, LLC, Sycamore Holds the CFP, CPA and JD. Fees on file: percentage of assets, hourly.
- Garrett Chmiola Valeo Financial Advisors, Chicago Holds the CFP and CPA. Fees on file: flat fee or retainer, percentage of assets.
- Robert Riedl Endowment Wealth Management, Inc., Chicago Holds the CFP and CPA. Fees on file: percentage of assets.
- James Richter Monotelo Wealth Partners, Elgin Holds the CFP. Fees on file: ongoing planning fee.
- Vincent DeCrow RISE Investments, Chicago Holds the CFP. Fees on file: percentage of assets.
- Joshi Koneru Watershed Private Wealth, Oak Brook Holds the CFP. Fees on file: percentage of assets.
How many fee-only financial advisors in Illinois work on family wealth transfer?
The Wellspent public graph lists 122 fee-only advisors for family wealth transfer in Illinois, at 45 firms. We counted every advisor record that lists this work, as of October 2026.
Where are fee-only advisors for family wealth transfer in Illinois located?
Of the 122 fee-only advisors for family wealth transfer in Illinois, 54 are in Chicago, followed by 8 in Downers Grove and 7 in Champaign.
Plus 40 in other cities.
How do fee-only advisors for family wealth transfer in Illinois charge?
The most common fee among fee-only advisors for family wealth transfer in Illinois is a percentage of assets, used by 93% of the 122 with fees on file. Many use more than one: 57% charge fixed fees and 15% 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 family wealth transfer have?
For family wealth transfer, look for the CFP, CPA and JD. In Illinois, 43% of the 122 advisors listed hold the CFP.
- CFP43% in Illinois
- The CFP covers gifting, trusts, and the wider plan.
- CPA2% in Illinois
- CPAs handle gift tax returns and estate calculations.
- JD1% in Illinois
- A law degree helps with trusts and family agreements.
How do Illinois advisors for family wealth transfer compare with the rest of the US?
15% of fee-only advisors for family wealth transfer in Illinois charge by the hour, compared with 43% of the 3,385 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 family wealth transfer.
Does Illinois have an estate tax?
Yes. Illinois has its own estate tax, separate from the federal one, and its threshold can be lower.
What should I ask a financial advisor about passing wealth to the next generation in Illinois?
- How do you involve the next generation, and when?
- What would you gift now, and what would you hold until death?
- How do you work with our attorney and accountant?
- What happens to the relationship when the first generation is gone?
- How would you plan for Illinois's estate tax as well as the federal one?
How current is this list of fee-only advisors for family wealth transfer 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 122 advisors
| Advisor | Firm | City | Credentials | Fees |
|---|---|---|---|---|
| Garrett Chmiola Valeo is an independent, fee-only financial advisory firm offering objective, independent guidance for one transparent fee | Valeo Financial Advisors | Chicago | CFP, CPA | Flat fee or retainer, Percentage of assets |
| Valerie Rivera | FirstGen Wealth | Chicago | CFP | Flat fee or retainer, Ongoing planning fee |
| Dan Wood | Zimmerman Wealth Management, LLC | Evanston | CFA, CFP | Percentage of assets, Fixed fees |
| Robert Riedl | Endowment Wealth Management, Inc. | Chicago | AWMA, BS, CFA, CFP | Percentage of assets |
| Barry Federici | Family First Wealth Management, LLC | Sycamore | CFP, CPA, JD | 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 |
| 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 |
| Joshi Koneru | Watershed Private Wealth | Oak Brook | CFP | Percentage of assets |
| Andrew McDowell | LifeWise Wealth Advisors | Champaign | CFP | Flat fee or retainer |
| Cynthia Mittlestaedt | Vertex Planning Partners | Downers Grove | CFP | Percentage of assets, Fixed fees |
| Gregory Benner | Vertex Planning Partners | Downers Grove | CFP, ChFC | Percentage of assets, Fixed fees |
| 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 |
| Julie Hupp | Vertex Planning Partners | Downers Grove | CFP | Percentage of assets, Fixed fees |
| Randolph Hardy | Factor Wealth Management | Chicago | CFP, CFA | Percentage of assets, Hourly |
| Scott Sandee | Vertex Planning Partners | Downers Grove | CFP | Percentage of assets, Fixed fees |
| Tammy Billadeau | Vertex Planning Partners | Downers Grove | CFP | Percentage of assets, Fixed fees |
| Timothy McGrath | Riverpoint Wealth Management | Chicago | CFP, ChFC | Percentage of assets, Fixed fees |
| Alyssa Schuster | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Anne Petty | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| David Maley | 1102 Partners | Chicago | CFP | Percentage of assets |
| Gino Poli | Pendulum Partners | Itasca | CFP | Percentage of assets, Fixed fees |
| Katherine Donaldson | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Kelsey Spresser | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Kristin Balon | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Mark Stephens | Pendulum Partners | Itasca | CFP | Percentage of assets, Fixed fees |
| Mary Allvine | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Maureen Miller | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Nathan Paulson | Paulson Wealth Management | Wheaton | CFP | Percentage of assets, Hourly |
| Phil Telpner We end post-divorce financial anxiety. | Breakout Private Wealth | Glenview | Not listed | Percentage of assets, One-time planning fee |
| Phoebe Stefani | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Tesa Williamson | Doyenne Wealth Advisors | Chicago | CFP | Percentage of assets, Fixed fees |
| Timothy Dillow | Dillow Wealth Management | Oak Brook | CFP | Percentage of assets, Fixed fees |
| Timothy Ziemba | IRON Financial | Northbrook | CFP, CFA | Percentage of assets, Performance-based fees |
| Vinnie Maliakkal | Wavvest | Chicago | CFP | Percentage of assets |
| William Fan | Paulson Wealth Management | Wheaton | CFP | Percentage of assets, Hourly |
| Alexander Lippitt | Lakewood Financial Group | Evanston | CFA | Percentage of assets |
| Andrew Branz | Clark Wealth Partners | O'Fallon | Not listed | Percentage of assets, Fixed fees |
| Jacob McKinney | Clark Wealth Partners | O'Fallon | Not listed | Percentage of assets, Fixed fees |
| Justin Koress | Bondurant Investment Advisory | Evanston | CFP | Percentage of assets, Fixed fees |
| Kyle McGrath | Riverpoint Wealth Management | Chicago | CFA | Percentage of assets, Fixed fees |
| Margaret Quinn | Paradigm Wealth Management | Chicago | CFP | Percentage of assets, Hourly |
| Montaser Takrouri | Azzad Asset Management | Chicago | Not listed | Percentage of assets |
| Paul Merrick | Riverpoint Wealth Management | Chicago | CFA | Percentage of assets, Fixed fees |
| Brendan Moody | Watershed Private Wealth | Oak Brook | Not listed | Percentage of assets |
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