Financial advisors for small business owners in Illinois
Which financial advisor should I talk to as a small business owner in Illinois?
For small business owners in Illinois, talk to a fee-only planner who treats the business and the household as one balance sheet. Look for someone who can speak to entity choice, owner pay, and retirement plans for the company, not only your personal accounts. Records to start with include Kerry Prazak of The Mather Group, Garrett Chmiola of Valeo Financial Advisors and Sheila Padden of Padden Financial Planning, LLC.
Where to start
Chosen from what each record shows: credentials that fit this work and fees on file, one advisor per firm.
- Kerry Prazak The Mather Group, Chicago Holds the CPA, EA and CFP. Fees on file: percentage of assets, hourly.
- Garrett Chmiola Valeo Financial Advisors, Chicago Holds the CPA and CFP. Fees on file: flat fee or retainer, percentage of assets.
- Sheila Padden Padden Financial Planning, LLC, Chicago Holds the CPA and CFP. Fees on file: ongoing planning fee.
- Charles Horonzy Focused Up Financial, LLC, La Grange Holds the CPA and CFP. Fees on file: percentage of assets, ongoing planning fee.
- Renee Collins Retire Ready Inc., Olympia Fields Holds the CPA and CFP. Fees on file: one-time planning fee, ongoing planning fee.
- JoAnn May Forest Asset Management LLC, Riverside Holds the CPA and CFP. Fees on file: percentage of assets, hourly.
How many fee-only financial advisors in Illinois work with small business owners?
The Wellspent public graph lists 85 fee-only advisors for small business owners in Illinois, at 47 firms. We counted every advisor record that lists this work, as of October 2026.
Where are fee-only advisors for small business owners in Illinois located?
Of the 85 fee-only advisors for small business owners in Illinois, 23 are in Chicago, followed by 7 in Champaign and 7 in Itasca.
Plus 39 in other cities.
How do fee-only advisors for small business owners in Illinois charge?
The most common fee among fee-only advisors for small business owners in Illinois is a percentage of assets, used by 73% of the 85 with fees on file. Many use more than one: 55% charge fixed fees and 38% 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 small business owners have?
For small business owners, look for the CPA, EA and CFP. In Illinois, 47% of the 85 advisors listed hold the CFP.
- CPA7% in Illinois
- CPAs understand entity structure and business books.
- EA1% in Illinois
- Enrolled agents help with owner pay and business tax.
- CFP47% in Illinois
- The CFP keeps the business in the wider plan.
How do Illinois advisors for small business owners compare with the rest of the US?
73% of fee-only advisors for small business owners in Illinois charge a percentage of assets, compared with 88% of the 2,851 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 small business owners.
Does Illinois tax income on top of federal tax?
Yes. Illinois has a state income tax, so a financial plan for a Illinois resident should project it alongside federal tax.
What should I ask a financial advisor as a small business owner in Illinois?
- Which retirement plan would you set up for my business, and why?
- How would you set my salary against distributions?
- How much of my net worth should stay in the business?
- How do you plan for an eventual sale or succession?
- How will you plan for Illinois tax alongside federal tax?
How current is this list of fee-only advisors for small business owners 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 85 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 |
| 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 |
| Andrea Oliver | One Wild Life Advisors, LLC | Chicago | CFP | Flat fee or retainer, One-time planning fee |
| Charles Horonzy | Focused Up Financial, LLC | La Grange | CFP, CPA | Percentage of assets, Ongoing planning fee |
| Jacquelin Liautaud | One Wild Life Advisors, LLC | Chicago | CFP | Flat fee or retainer, One-time planning fee |
| Patrick Bourbon Objective, holistic planning for U.S. residents and cross-border families navigating tax and regulatory rules in more than one country. | Bourbon Financial Management | Chicago | CFA, CFP, MSEE, MSFS | Subscription |
| Renee Collins | Retire Ready Inc. | Olympia Fields | CFP, CPA, AFC | One-time planning fee, Ongoing planning fee |
| 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 |
| Leslie Ransom | Indie Financial Planning, LLC | Chicago | CFP | Percentage of assets, Flat fee or retainer |
| Brian Thompson | Brian Thompson Financial LLC | Chicago | CFP, JD | Ongoing planning fee, One-time planning fee |
| Eric Schlosser | Kisher Capital, LLC | Malta | CFP | Percentage of assets, Hourly |
| 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 |
| Sheila Padden | Padden Financial Planning, LLC | Chicago | CFP, CPA/PFS | Ongoing planning fee |
| Daniel Peters | Prism Planning Partners | Libertyville | CFP | One-time planning fee |
| Nicole Sullivan | Prism Planning Partners | Libertyville | CFP | One-time planning fee |
| Christopher Jones | Azalea Wealth Management | Glen Ellyn | CFP | Percentage of assets, Ongoing planning fee |
| Dustin Javier | Defined Capital | Oak Brook | CFP | Percentage of assets, 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 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 |
| Brett Detterbeck | Detterbeck Wealth Management | Palatine | CFP, CFA | Ongoing planning fee |
| Gino Poli | Pendulum Partners | Itasca | CFP | Percentage of assets, Fixed fees |
| Katherine Hennessy | AssetGrade | Chicago | CFP | Percentage of assets |
| Lester Detterbeck | Detterbeck Wealth Management | Palatine | CFP, CFA | Ongoing planning fee |
| Mark Stephens | Pendulum Partners | Itasca | CFP | Percentage of assets, Fixed fees |
| Phil Telpner We end post-divorce financial anxiety. | Breakout Private Wealth | Glenview | Not listed | Percentage of assets, One-time planning fee |
| Barry Mendel | Mendel Money Management | Northbrook | CFA | Percentage of assets, Hourly |
| Brandon Clouse | Prism Planning Partners | Libertyville | Not listed | One-time planning fee |
| Bronwyn Mirretti | Mirretti Perryman Wealth Strategies | Skokie | CFP | Percentage of assets, Hourly |
| Margaret Quinn | Paradigm Wealth Management | Chicago | CFP | Percentage of assets, Hourly |
| Mark Burka | Mendel Money Management | Northbrook | CFA | Percentage of assets, Hourly |
| Montaser Takrouri | Azzad Asset Management | Chicago | Not listed | Percentage of assets |
| Rochelle Moore | Sound Financial Solutions | Clinton | CFP | Hourly |
| Timothy Perryman | Mirretti Perryman Wealth Strategies | Skokie | CFP | Percentage of assets, Hourly |
| Ginger Gorden | Ggcfo | Chicago | CFP | Percentage of assets, Fixed fees |
| Marcos Murillo We build custom, comprehensive plans, so you can live retirement boldly on your terms. | Vantage Point Financial | Lisle | Not listed | Percentage of assets |
| Ryan Vance | Pendulum Partners | Itasca | CFA | Percentage of assets, Fixed fees |
| Stephen Hofmann | Ridgeline Private Wealth | Rockford | CFP | Ongoing planning fee |
| Tony Escobar Purpose-based financial planning for your business and personal needs. | Exponent Group | Morton | Not listed | One-time planning fee, Percentage of assets |
| Alexander Wasiunec | Mendel Money Management | Northbrook | Not listed | Percentage of assets, Hourly |
| Brad Metz | Ark Advisors | Bloomington | ChFC | Percentage of assets, Fixed fees |
| Caleb Graybeal | Strong Retirement Solutions | Bloomington | Not listed | Percentage of assets, Hourly |
| Caleb Smoes | LifeWise Wealth Advisors | Champaign | Not listed | Flat fee or retainer |
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