Financial advisors for family wealth transfer in Chicago, Illinois

Which financial advisor should I talk to about passing wealth to the next generation in Chicago?

For family wealth transfer in Chicago, 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 Garrett Chmiola of Valeo Financial Advisors, Robert Riedl of Endowment Wealth Management, Inc. and Vincent DeCrow of RISE Investments.

How many fee-only financial advisors in Chicago work on family wealth transfer?

The Wellspent public graph lists 54 fee-only advisors for family wealth transfer in Chicago, at 18 firms. We counted every advisor record that lists this work, as of October 2026.

How do fee-only advisors for family wealth transfer in Chicago charge?

The most common fee among fee-only advisors for family wealth transfer in Chicago is a percentage of assets, used by 98% of the 54 with fees on file. Many use more than one: 59% charge fixed fees and 20% charge by the hour.

How much do fee-only financial advisors charge in Chicago?

Fee-only financial advisors in Chicago charge a median of $7,800 a year for ongoing planning. We found this across the published prices of 14 Chicago firms.

How much does a one-time financial plan cost in Chicago?

A one-time financial plan from a fee-only firm in Chicago has a median price of $1,500. We found this across the published prices of 10 Chicago firms.

See every fee-only advisor fee in Illinois

What credentials should a financial advisor for family wealth transfer have?

For family wealth transfer, look for the CFP and CPA. In Chicago, 46% of the 54 advisors listed hold the CFP.

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 Chicago?

1. How do you involve the next generation, and when?
2. What would you gift now, and what would you hold until death?
3. How do you work with our attorney and accountant?
4. What happens to the relationship when the first generation is gone?
5. 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 Chicago?

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.