Best Financial Advisors in Lake Forest, IL

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List of Firms

Lake Forest, IL Fiduciary Financial Advisors

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The Birkhauser Group
Location 950 N Western Ave Suite 200, Lake Forest, IL 60045, USA
Phone (224) 516-6830
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Stephen Yates - Morgan Stanley
Location 207 E Westminster Ste 300, Lake Forest, IL 60045, USA
Phone (847) 604-7303
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VennWell, LLC
Location 550 Oakwood Ave, Lake Forest, IL 60045, USA
Phone (847) 295-9222
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Edward Jones - Financial Advisor: Mike Adams, AAMS™
Location 840 S Waukegan Rd Suite 205, Lake Forest, IL 60045, USA
Phone (847) 234-1623
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North Shore Capital Group Investment Advisors, Inc
Location 1 Westminster Pl #100 B, Lake Forest, IL 60045, USA
Phone (847) 735-9200
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Gem Financial Advisors
5 out of 5
Location 810 S Waukegan Rd, Lake Forest, IL 60045, USA
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Edward Jones - Financial Advisor: Hank Wanner
Location 225 E Deerpath Rd Ste 266, Lake Forest, IL 60045, USA
Phone (847) 615-9206
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bothfeld financial
Location 1361 Whitmore Ct, Lake Forest, IL 60045, USA
Phone (847) 283-9443
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Financial Advisors in Lake Forest, IL

Where Certified Financial Advisors in Lake Forest, IL Serve

Lake Forest, IL is a charming city located in Lake County, Illinois. The city is home to several landmarks, including the historic Market Square, which features a variety of shops, restaurants, and cafes. Other notable landmarks include the Lake Forest College campus, the Gorton Community Center, and the Deer Path Inn. Top employers in Lake Forest include pharmaceutical company AbbVie, packaging company Pactiv, and healthcare provider Northwestern Medicine Lake Forest Hospital. These companies provide job opportunities for residents and contribute to the economic growth of the city. Major highways and streets in Lake Forest include Interstate 94, Route 41, and Route 60. These highways provide easy access to nearby cities and attractions, making Lake Forest a convenient location for both residents and visitors. Lake Forest is also known for its beautiful neighborhoods, including the historic East Lake Forest and West Lake Forest areas. These neighborhoods feature stunning homes, tree-lined streets, and picturesque parks and gardens, making them some of the most desirable places to live in the city.

Services Provided by Fee Based and Fee Only Financial Advisors

Banks and Credit Unions

Residents of Lake Forest, IL could benefit greatly from the guidance of a financial advisor. With its affluent community and high cost of living, it's important for individuals to have a solid financial plan in place. A financial advisor can help residents navigate the complexities of investing, retirement planning, and estate planning. In particular, Lake Forest residents may need help with managing their wealth and minimizing their tax liabilities. A financial advisor can also provide guidance on charitable giving and philanthropy, which is an important aspect of the community in Lake Forest. By working with a financial advisor, residents can feel more confident about their financial future and make informed decisions that align with their goals and values.

Insurance Broker

Residents of Lake Forest, IL can benefit greatly from the services of an insurance broker. With a population of just over 19,000, Lake Forest is a relatively small community that is home to many affluent families and individuals. An insurance broker can provide personalized guidance on insurance policies that are tailored to the unique needs of Lake Forest residents. For example, many homes in Lake Forest are historic and require specialized insurance coverage. An insurance broker can help residents navigate the complexities of insuring a historic home and ensure that they have the appropriate coverage in place. Additionally, an insurance broker can help Lake Forest residents find the best rates on insurance policies, saving them money in the long run.

Retirement Planning

Residents of Lake Forest, IL could benefit greatly from the assistance of a retirement planner. With a median household income of over $200,000, many residents of Lake Forest have significant assets to manage and plan for in retirement. A retirement planner can help individuals in Lake Forest develop a comprehensive plan for their retirement, taking into account their specific financial goals and needs. This may include strategies for tax-efficient investing, maximizing Social Security benefits, and managing retirement account distributions. Additionally, a retirement planner can provide guidance on estate planning and long-term care insurance, which can be particularly important for residents of Lake Forest who may have significant assets to protect. Overall, a retirement planner can help residents of Lake Forest navigate the complex world of retirement planning and ensure that they are well-prepared for their golden years.

Wealth Management

Residents of Lake Forest, IL can benefit from the services of a wealth manager in several ways. One of the most common ways is through investment management, where a wealth manager can help individuals and families develop a personalized investment plan that aligns with their financial goals. With Lake Forest being a high-income community, a wealth manager can also assist residents with tax planning and strategies to minimize their tax liability. Additionally, a wealth manager can provide estate planning services to ensure that residents' assets are protected and passed down to their heirs in a tax-efficient manner. Overall, a wealth manager can provide valuable guidance and support to Lake Forest residents in managing their finances and achieving their long-term financial objectives.

Mortgage Loan Officer

Residents of Lake Forest, IL can benefit greatly from the services of a mortgage loan officer. With the high cost of living in this affluent community, many residents may need assistance in securing a mortgage loan to purchase a home or refinance their existing mortgage. A knowledgeable mortgage loan officer can help residents navigate the complex process of obtaining a loan, providing guidance on the types of loans available and the best options for their individual financial situation. Additionally, a mortgage loan officer can provide insight into the unique real estate market in Lake Forest, IL, which is known for its beautiful homes and prime location on the shores of Lake Michigan. With their expertise and personalized approach, a mortgage loan officer can help residents of Lake Forest, IL achieve their dream of homeownership.

Tax Services

Residents of Lake Forest, IL could greatly benefit from the guidance of a tax advisor in a number of ways. For starters, Lake Forest is known for having a high cost of living, which means residents may have more complex financial situations that require expert advice. A tax advisor can help residents navigate the intricacies of tax laws and deductions, ensuring they are taking advantage of all available options to minimize their tax burden. Additionally, Lake Forest is home to many successful business owners and entrepreneurs who may need guidance on tax planning and strategy. A tax advisor can help these individuals make informed decisions about investments, retirement planning, and estate planning, among other things. Overall, a tax advisor can be an invaluable resource for residents of Lake Forest, helping them make the most of their financial resources and plan for a secure future.

Estate Planning Lawyer

Residents of Lake Forest, IL can benefit greatly from the services of an estate planning lawyer. One of the most common ways that they can be helped is by creating a comprehensive estate plan that ensures their assets are distributed according to their wishes after they pass away. This is especially important in Lake Forest, where many residents have significant wealth and assets. An estate planning lawyer can also help residents minimize taxes and avoid probate, which can be a time-consuming and costly process. Additionally, an estate planning lawyer can assist with creating trusts, drafting wills, and establishing power of attorney, all of which can provide peace of mind and protect the interests of Lake Forest residents and their families.

FREQUENTLY ASKED QUESTIONS

FAQs About Personal Financial Advisors in Lake Forest, IL