Low Cost · Elgin
Cheap Financial Advisors in Elgin, IL — Best Prices
Compare financial advisors prices in Elgin to find the best deal. All businesses are reviewed — cheap doesn't mean low quality.
As of June 2026, RatingsNearMe ranks 17 financial advisors in Elgin, IL by verified customer ratings and review volume. The highest-rated is Guardian Wealth Advisory Group with a 5.0-star rating from 92 verified reviews. Also in the top tier: Downey Financial Group and Adrian Velez: Primerica - Financial Services. The average rating across all listed financial advisors in Elgin is 4.6 stars from 19 reviews per business on average.
Financial advisors in Elgin typically charge 0.5–1.5% of assets under management annually, or $200–$500/hr fee-only.
Rankings updated June 1, 2026 · Scored by ratings (35%), review volume (30%), sentiment (20%), completeness (10%), availability (5%) · Not paid placement.
Local Market Snapshot
17
Businesses listed
4.6★
Avg rating
19
Avg reviews
Jun 1, 2026
Last updated
Top Rated Financial Advisors
Guardian Wealth Advisory Group
81 Market St # 5, Elgin, IL 60123, USA
Downey Financial Group
806 W Bartlett Rd, Bartlett, IL 60103, USA
Adrian Velez: Primerica - Financial Services
705 Tollgate Rd A, Elgin, IL 60123, USA
Financial Advisors Rankings in Elgin, IL
| # | Business | Rating | Reviews |
|---|---|---|---|
| #1 | Guardian Wealth Advisory Group81 Market St # 5, Elgin, IL 60123, USA | 5.0★ | 92 |
| #2 | Downey Financial Group806 W Bartlett Rd, Bartlett, IL 60103, USA | 4.8★ | 58 |
| #3 | Adrian Velez: Primerica - Financial Services705 Tollgate Rd A, Elgin, IL 60123, USA | 5.0★ | 41 |
| #4 | Tru Financial Strategies5400 Prairie Stone Pkwy, Hoffman Estates, IL 60192, USA | 4.8★ | 26 |
| #5 | Baird Private Wealth Management2155 Point Blvd Suite 100, Elgin, IL 60123, USA | 5.0★ | 1 |
| #6 | Sierens Financial Group, Inc.2250 Point Blvd #230, Elgin, IL 60123, USA | 5.0★ | 14 |
| #7 | Michael P Ellsworth - Financial Advisor, Ameriprise Financial Services, LLC36 N McLean Blvd, Elgin, IL 60123, USA | 3.7★ | 3 |
| #8 | Noyes1 Douglas Ave #2, Elgin, IL 60120, USA | 5.0★ | 1 |
| #9 | Big Timber Wealth Management2250 Point Blvd, Elgin, IL 60123, USA | 5.0★ | 2 |
| #10 | Northwestern Mutual187 N Edison Ave, Elgin, IL 60123, USA | 1.0★ | 1 |
Ranked by verified ratings & review volume · Data from Google Business listings · Updated June 2026
All Financial Advisors in Elgin
Tru Financial Strategies
5400 Prairie Stone Pkwy, Hoffman Estates, IL 60192, USA
Baird Private Wealth Management
2155 Point Blvd Suite 100, Elgin, IL 60123, USA
Sierens Financial Group, Inc.
2250 Point Blvd #230, Elgin, IL 60123, USA
Michael P Ellsworth - Financial Advisor, Ameriprise Financial Services, LLC
36 N McLean Blvd, Elgin, IL 60123, USA
Noyes
1 Douglas Ave #2, Elgin, IL 60120, USA
Big Timber Wealth Management
2250 Point Blvd, Elgin, IL 60123, USA
Northwestern Mutual
187 N Edison Ave, Elgin, IL 60123, USA
Edward Jones - Financial Advisor: Ray Ercoli
1972 Larkin Ave Suite H, Elgin, IL 60123, USA
Edward Jones - Financial Advisor: Don Gaylord, AAMS®
2385 Bowes Rd #150, Elgin, IL 60123, USA
Edward Jones - Financial Advisor: Andrew J Minehart, CFP®|ChFC®|AAMS®
2445 Westfield Dr Suite 101, Elgin, IL 60124, USA
Edward Jones - Financial Advisor: Justin R Budd
2295 Valley Creek Dr Suite C, Elgin, IL 60123, USA
Lake Growth Financial Services
303 N 2nd St # 23A, St. Charles, IL 60174, USA
SIS Financial Group
5407 Trillium Blvd #250, Hoffman Estates, IL 60192, USA
Edward Jones - Financial Advisor: Colin M Marquardt, CFP®|AAMS®
1140 N McLean Blvd, Elgin, IL 60123, USA
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Frequently Asked Questions — Financial Advisors in Elgin
What is a fiduciary financial advisor and why does it matter in Elgin?
A fiduciary is legally required to act in your interest at all times. Non-fiduciary advisors (like some broker-dealers) only need to recommend "suitable" products, which may earn them higher commissions. Before hiring any financial advisor in Elgin, ask directly: "Are you a fiduciary 100% of the time?" If they hesitate, keep looking.
How do I verify a financial advisor is registered and legitimate?
Use FINRA BrokerCheck (finra.org/brokercheck) to verify licenses and check for complaints or disciplinary actions. For Registered Investment Advisors, search SEC's IAPD at adviserinfo.sec.gov. CFP credentials can be verified at cfp.net/verify. These are free public tools — always check before handing over your finances.
How do financial advisors charge for their services in Elgin?
Three main structures: (1) Fee-only — flat fee, hourly ($200–$500/hr), or a percentage of assets under management (typically 0.5–1.5% annually) with no commissions; (2) Fee-based — advisory fee plus commissions on products they sell; (3) Commission-only — free to meet, they earn commissions on products. Fee-only is the most transparent and avoids conflicts of interest.
What credentials should I look for in a financial advisor?
CFP (Certified Financial Planner) is the gold standard for comprehensive financial planning. CFA (Chartered Financial Analyst) is strongest for investment management. CPWA, ChFC, and RICP are recognized specializations. Avoid "advisor" titles without credentials — the term is unregulated. Verify any credential directly with the issuing organization.
How are the financial advisors on this page ranked?
Rankings use a transparent algorithm: star rating (35%), review volume (30%), customer sentiment (20%), profile completeness (10%), and availability (5%). Featured Partner listings have paid for enhanced visibility but must still earn their position through real customer reviews — sponsored listings are clearly labeled.
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How Rankings Work on This Page
Every financial advisors on RatingsNearMe is scored transparently: star rating (35%), review volume (30%), customer sentiment (20%), profile completeness (10%), and availability (5%). Businesses labeled exclusive or premium are Featured Partners — they have paid for enhanced visibility but must still rank through real customer reviews. We cap sponsored boosts so bad businesses can never buy the top spot.
Editorial notice: Ratings are based on publicly available data from Google Business listings. Consumers should independently verify licensing, insurance, and credentials before hiring any service provider. Last updated: June 1, 2026.
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