City Guide

How to Choose a Financial Advisor in HIGHLAND PARK, IL

A data-driven guide based on 54 registered advisors in HIGHLAND PARK
01

Local Market Overview

There are 54 registered financial advisors in HIGHLAND PARK, Illinois. Approximately 54% report fee-based compensation, while 31% include commission-based compensation. The average firm serving HIGHLAND PARK manages $272M in assets.

Registered Advisors
54
In HIGHLAND PARK, IL
Avg Firm AUM
$272M
Assets under management
Top Credential
—
Community Profile

HIGHLAND PARK has a population of 30,209 with a median household income of $159,567. The median age is 48.

Advisor density: 17.9 per 10K residents
Median income: $159,567
Compensation Types Reported
Subscription fees
54% of advisors · 29 total
Percentage of AUM
54% of advisors · 29 total
Commissions
31% of advisors · 17 total
Performance-based fees
20% of advisors · 11 total
Hourly charges
20% of advisors · 11 total
Other: DISCRETIONARY BONUS
9% of advisors · 5 total
02

What to Look For

Check their credentials
The CFP (Certified Financial Planner) is the gold standard for comprehensive financial planning. A CFA (Chartered Financial Analyst) signals deep investment expertise, while a ChFC (Chartered Financial Consultant) covers insurance and estate planning.
Understand fee structures
Fee-only advisors charge only for their advice (hourly, flat fee, or % of AUM). Fee-based advisors may also earn commissions on products they sell. Commission-only advisors earn money from product sales. Fee-only is generally considered the least conflicted model. See Illinois fee analysis →
Verify their registration
Every legitimate advisor should be registered with the SEC or their state. Check FINRA BrokerCheck for disciplinary history, disclosures, and registration status. All advisors on AdvisorOS are sourced from official SEC/FINRA registration data.
Ask about account minimums
Some advisors require $250,000 or more to open an account. Others work with any portfolio size. Ask upfront to avoid wasting time on advisors who aren't a fit.
Review their Form CRS
The Form CRS (Client Relationship Summary) is a 2-page document every advisor must provide. It explains services, fees, conflicts of interest, and disciplinary history in plain language. Ask for it before your first meeting.
03

Browse Advisors in HIGHLAND PARK

54 advisors in HIGHLAND PARK, IL

Search the full directory of registered financial advisors in HIGHLAND PARK. Compare credentials, specialties, and firm details — all based on SEC and FINRA public data.

Browse HIGHLAND PARK AdvisorsAll Cities in Illinois
04

Frequently Asked Questions

How many financial advisors are in HIGHLAND PARK, IL?
There are 54 registered financial advisors in HIGHLAND PARK, Illinois, according to SEC and FINRA registration data.
What credentials should a financial advisor in HIGHLAND PARK have?
Look for CFP (Certified Financial Planner) for comprehensive planning, CFA for investment management, or ChFC for insurance and estate planning.
Are financial advisors in HIGHLAND PARK required to be fiduciaries?
Registered Investment Advisors (RIAs) have a fiduciary duty to act in your best interest. Broker-dealers follow a suitability standard. Always ask your advisor about their fiduciary status and get it in writing.
What do financial advisors in HIGHLAND PARK charge?
Fees vary widely. Fee-only advisors typically charge 0.5%–1.5% of assets under management, $150–$400/hour, or flat fees of $1,000–$7,500+ per plan. Commission-based advisors may not charge fees directly but earn commissions on products.
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Browse HIGHLAND PARK Advisors by Specialty
Investment ManagementRetirement PlanningWealth ManagementFinancial PlanningFee-Only AdvisoryFinancial Education
More Research
What Do Financial Advisors Cost in Illinois? →National Fee Analysis →