Wealth Management in South Barrington, IL

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List of Firms

South Barrington, IL Wealth Management Firms

SEC File# 801-123564
CRD# 283438
Location 308 W Main St, Barrington, IL 60010, USA
Phone (847) 892-7145
Directions
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Vermillion Financial Advisors
5 out of 5
Location 16 Executive Ct #3, South Barrington, IL 60010, USA
Phone (847) 382-9999
Directions
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Trotter Wealth Management
Location 14 Executive Ct #3, South Barrington, IL 60010, USA
Phone (847) 595-1051
Directions
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ClearPath Financial LLC
Location 10 Executive Ct Suite #2A, South Barrington, IL 60010, USA
Phone (847) 852-1420
Directions
Wealth Management in South Barrington, IL

Where Wealth Management Advisors in South Barrington, IL Serve

South Barrington, IL is a vibrant village located in Cook County with a plethora of landmarks that are worth visiting. From the famous Willow Creek Community Church, the largest church in the country, to the historic Barrington Hills Country Club, South Barrington has something for everyone. The village is also home to several top employers, including Siemens, Pepper Construction, and the Advocate Good Shepherd Hospital, which provide ample employment opportunities for residents. Major highways and streets, such as the I-90 and Barrington Road, make commuting to and from South Barrington a breeze. The village is divided into several neighborhoods, each with its unique charm and character, including The Glen, The Woods, and The Preserve. With its mix of urban amenities and small-town charm, South Barrington is a great place to call home.

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of South Barrington, IL can benefit from the services provided by a bank in various ways. Firstly, with its location being in Cook County, South Barrington is a hub for many affluent individuals and families. A bank can help these residents manage their finances and investments with personalized financial planning services. Additionally, South Barrington is known for its large estates and properties, and a bank can assist with mortgage loans, refinancing, and home equity lines of credit. Furthermore, the village has a strong business community, and a bank can offer business loans and merchant services to support local businesses. Overall, a bank can provide tailored financial solutions to meet the specific needs of South Barrington residents and contribute to the growth and prosperity of the community.

Insurance Broker

Residents of South Barrington, IL can benefit from the expertise of an insurance broker in various ways. Firstly, an insurance broker can help South Barrington residents navigate the complex and ever-changing healthcare landscape. With the presence of world-renowned medical institutions such as the Advocate Good Shepherd Hospital and the Amita Health St. Alexius Medical Center, South Barrington residents have access to some of the best healthcare services in the country. However, choosing the right healthcare plan can be daunting, and an insurance broker can help residents make an informed decision based on their unique needs and budget. Additionally, with the high median household income in South Barrington, residents may have more assets to protect and may need specialized insurance coverage such as high-value home insurance or umbrella insurance. An insurance broker can help residents secure the right coverage to protect their assets.

Retirement Planning

Residents of South Barrington, IL could benefit greatly from the assistance of a retirement planner. With the median household income in South Barrington being significantly higher than the national average, many residents may have more complex financial situations to navigate. A retirement planner could help residents in South Barrington to develop a personalized retirement plan that takes into account their unique financial circumstances and goals. This might include strategies for maximizing retirement savings, minimizing tax liabilities, and ensuring that retirement income is sufficient to cover the cost of living in South Barrington, which is known for its high cost of living. A retirement planner could also help residents in South Barrington to navigate the complex world of retirement benefits, including Social Security, pension plans, and 401(k) plans, which can be especially complicated for those with high incomes. Overall, the support of a retirement planner could be invaluable for residents of South Barrington as they plan for their financial future.

Financial Advisor

Residents of South Barrington, IL can benefit greatly from the services of a financial advisor. With a median household income of $214,000, South Barrington residents have a unique set of financial needs and goals. A financial advisor can help with investment planning, retirement planning, and tax planning. Additionally, with the median home value in South Barrington being $1.2 million, a financial advisor can assist with mortgage planning and estate planning. With a diverse economy in the surrounding area, including major corporations like Motorola Solutions and Zurich North America, a financial advisor can also provide guidance on employee benefits and stock options. Overall, a financial advisor can help residents of South Barrington navigate their complex financial landscape and achieve their financial goals.

Mortgage Loan Officer

Residents of South Barrington, IL would be helped by a mortgage loan officer in numerous ways. The most common way is by providing them with the necessary funds to purchase their dream home. With a median home value of $1.1 million, South Barrington is one of the wealthiest suburbs in the Chicago metropolitan area. As such, many residents require a mortgage loan officer's assistance to secure a mortgage that fits their financial situation. Another way a mortgage loan officer can help is by providing refinancing options to residents who already own a home in South Barrington. With interest rates constantly fluctuating, refinancing can provide residents with the opportunity to save money on their monthly mortgage payments or even shorten the length of their mortgage. In addition, a mortgage loan officer can assist residents in navigating the complex process of obtaining a mortgage, ensuring that they are aware of all the available options and requirements. Overall, a mortgage loan officer plays a crucial role in helping residents of South Barrington, IL achieve their homeownership goals.

Tax Services

Residents of South Barrington, IL can benefit significantly from the guidance of a tax advisor. One specific way that a tax advisor could be helpful in this area is by providing advice on property tax assessments. South Barrington is known for its luxurious homes and sprawling estates, which can result in high property taxes. A tax advisor can help residents navigate the complex property tax system and potentially save them thousands of dollars in taxes each year. Additionally, a tax advisor can assist with tax planning and preparation, ensuring that residents are taking advantage of all available deductions and credits. With their expertise and knowledge of tax laws, a tax advisor can provide valuable insights and strategies to help residents minimize their tax liabilities and maximize their savings.

Estate Planning Lawyer

Residents of South Barrington, IL can benefit greatly from the expertise of an estate planning lawyer in a multitude of ways. One of the most common ways is by creating a comprehensive estate plan that ensures their assets are distributed according to their wishes after they pass away. This is particularly important in South Barrington, where the median home value is $1.1 million, making it one of the most affluent suburbs in Illinois. With such high-value assets at stake, it's crucial to have a plan in place that protects them and ensures they are passed down to the intended beneficiaries. Additionally, an estate planning lawyer can help residents minimize their tax liability, plan for long-term care, and establish trusts to protect their assets from creditors or lawsuits. With so many potential pitfalls to navigate, it's essential for South Barrington residents to work with a skilled estate planning lawyer to ensure their financial future is secure.

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