How to Choose a Financial Advisor in HIGHLAND PARK, IL

A data-driven guide based on 30 registered advisors in HIGHLAND PARK

Local Market Overview

There are 30 registered financial advisors in HIGHLAND PARK, Illinois. Approximately 70% report fee-based compensation, while 40% include commission-based compensation. The average firm serving HIGHLAND PARK manages $268M in assets.

Registered Advisors

In HIGHLAND PARK, IL

Avg Firm AUM

$268M

Assets under management

Top Credential

CFP

3 advisors

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: 9.9 per 10K residents

Median income: $159,567

Most Common Credentials in HIGHLAND PARK

CFP

3 advisors

CFA

1 advisors

Compensation Types Reported

Percentage of AUM

70% of advisors · 21 total

Subscription fees

57% of advisors · 17 total

Commissions

40% of advisors · 12 total

Hourly charges

33% of advisors · 10 total

Other: DISCRETIONARY BONUS

13% of advisors · 4 total

Performance-based fees

13% of advisors · 4 total

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.

Browse Advisors in HIGHLAND PARK

30 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 Advisors All Cities in Illinois

Frequently Asked Questions

How many financial advisors are in HIGHLAND PARK, IL?

There are 30 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. The most common credential among HIGHLAND PARK advisors is CFP.

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.

Guides for Nearby Cities

CHICAGO Guide (1395)NAPERVILLE Guide (72)DOWNERS GROVE Guide (62)OAK BROOK Guide (56)NORTHBROOK Guide (52)WHEATON Guide (44)DEERFIELD Guide (42)ROCKFORD Guide (36)EVANSTON Guide (34)SPRINGFIELD Guide (34)

Browse HIGHLAND PARK Advisors by Specialty

Investment Management Retirement Planning Wealth Management Financial Planning Fee-Only Advisory Financial Education

More Research

What Do Financial Advisors Cost in Illinois? →National Fee Analysis →