Top Picks · Elgin
Best Financial Advisors in Elgin, IL
Rated and reviewed by real customers. Compare prices, read reviews, and call the top pros near you — for free.
As of June 2026, RatingsNearMe ranks 17 financial advisors in Elgin, IL by the RNM Score — a 0–100 rating built from Google ratings, review volume, sentiment, and profile completeness. The top-ranked is Guardian Wealth Advisory Group with a 5.0-star rating from 92 Google reviews and an RNM Score of 83/100. 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 10, 2026 · RNM Score = ratings (35%), review volume (30%), sentiment (20%), completeness (10%), availability (5%) · Not paid placement.
Elgin, Illinois is home to a variety of financial advisor services, including investment management, retirement planning, and tax preparation. Consumers should research local advisors' credentials, fee structures, and areas of expertise when selecting a financial advisor in the Elgin area.
- ✓Elgin has a range of financial advisor firms, from national companies to independent local practices
- ✓Advisors offer services such as investment management, retirement planning, and tax preparation
- ✓Consumers should research an advisor's credentials, fees, and specialties to find the right fit
Best Overall
Baird Private Wealth Management
Baird Private Wealth Management stands out as the top-ranked advisor in Elgin due to its strong reputation for comprehensive wealth management and personalized client service.
Most Reviewed
Edward Jones - Financial Advisor: Don Gaylord, AAMS®
A high number of reviews indicates broad client experience and helps potential clients gauge consistent service quality and trustworthiness.
When choosing a financial advisor in Elgin, consider scheduling initial consultations with multiple firms to compare their investment philosophies and fee structures, and verify that the advisor’s expertise aligns with your specific financial goals.
How to Choose a Financial Advisor in Elgin
What to look for
- • Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) credentials
- • Experience working with clients in the Elgin, IL area
- • Fee-only compensation structure (no commissions)
- • Fiduciary duty to act in your best interest
Questions to ask
- • What is your investment philosophy and approach?
- • How do you get paid, and what are your fees?
- • Can you provide references from current Elgin-based clients?
Red flags
- ⚠ Pushes proprietary financial products or high-commission investments
- ⚠ Lacks transparency about fees or compensation structure
- ⚠ Cannot provide clear explanations of their services and recommendations
In Illinois, financial advisors must be registered with the Illinois Securities Department and hold appropriate licenses, such as a Series 65 or 66 license. Be sure to verify an advisor's licensing and registration before engaging their services.
Local Market Snapshot
17
Businesses listed
4.6★
Avg rating
19
Avg reviews
Jun 10, 2026
Last updated
Top Rated Financial Advisors
Trusted by 92 clients with a perfect 5.0-star rating in Elgin.
81 Market St # 5, Elgin, IL 60123, USARated 4.8 stars from 58 reviews for trusted financial guidance in Elgin.
806 W Bartlett Rd, Bartlett, IL 60103, USAElgin financial advisor with a perfect 5.0-star rating from over 40 reviews.
705 Tollgate Rd A, Elgin, IL 60123, USAFinancial 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 | Baird Private Wealth Management2155 Point Blvd Suite 100, Elgin, IL 60123, USA | 5.0★ | 1 |
| #5 | Sierens Financial Group, Inc.2250 Point Blvd #230, Elgin, IL 60123, USA | 5.0★ | 14 |
| #6 | Michael P Ellsworth - Financial Advisor, Ameriprise Financial Services, LLC36 N McLean Blvd, Elgin, IL 60123, USA | 3.7★ | 3 |
| #7 | Noyes1 Douglas Ave #2, Elgin, IL 60120, USA | 5.0★ | 1 |
| #8 | Big Timber Wealth Management2250 Point Blvd, Elgin, IL 60123, USA | 5.0★ | 2 |
| #9 | Northwestern Mutual187 N Edison Ave, Elgin, IL 60123, USA | 1.0★ | 1 |
| #10 | Edward Jones - Financial Advisor: Ray Ercoli1972 Larkin Ave Suite H, Elgin, IL 60123, USA | 5.0★ | 2 |
Ranked by verified ratings & review volume · Data from Google Business listings · Updated June 2026
All Financial Advisors in Elgin
2155 Point Blvd Suite 100, Elgin, IL 60123, USA
2250 Point Blvd #230, Elgin, IL 60123, USA
36 N McLean Blvd, Elgin, IL 60123, USA
1972 Larkin Ave Suite H, Elgin, IL 60123, USA
2385 Bowes Rd #150, Elgin, IL 60123, USA
2445 Westfield Dr Suite 101, Elgin, IL 60124, USA
2295 Valley Creek Dr Suite C, Elgin, IL 60123, USA
5407 Trillium Blvd #250, Hoffman Estates, IL 60192, USA
1140 N McLean Blvd, Elgin, IL 60123, USA
Trusted by dozens of local clients with an exceptional 4.8-star rating.
303 N 2nd St # 23A, St. Charles, IL 60174, USA
5400 Prairie Stone Pkwy, Hoffman Estates, IL 60192, USA
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Financial Advisors in Elgin, IL — Compared
| # | Business | RNM Score | Rating | Reviews |
|---|---|---|---|---|
| 1 | Guardian Wealth Advisory Group | 83/100 | 5.0 ★ | 92 |
| 2 | Downey Financial Group | 77/100 | 4.8 ★ | 58 |
| 3 | Adrian Velez: Primerica - Financial Services | 79/100 | 5.0 ★ | 41 |
| 4 | Baird Private Wealth Management | 62/100 | 5.0 ★ | 1 |
| 5 | Sierens Financial Group, Inc. | 73/100 | 5.0 ★ | 14 |
| 6 | Michael P Ellsworth - Financial Advisor, Ameriprise Financial Services, LLC | 44/100 | 3.7 ★ | 3 |
| 7 | Noyes | 62/100 | 5.0 ★ | 1 |
| 8 | Big Timber Wealth Management | 64/100 | 5.0 ★ | 2 |
| 9 | Northwestern Mutual | 14/100 | 1.0 ★ | 1 |
| 10 | Edward Jones - Financial Advisor: Ray Ercoli | 64/100 | 5.0 ★ | 2 |
Ranked by RatingsNearMe Score · ratings (35%), review volume (30%), sentiment (20%), completeness (10%), availability (5%) · June 2026
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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 10, 2026.
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