Waukegan, IL Financial Advisors and Resources

Financial Advisor Firms in Waukegan, IL



(847) 672-1342

2100 Norman Drive West

Waukegan, IL 60085

SEC#: 801-70486
Years in Business: 12 years

How Retirement-Friendly is Waukegan, IL?

  • Population: 87,297
  • % of Population 62 Years and Over: 12.1%
  • Average Home Value: $136,800
  • Average Monthly Housing Cost: $988
  • Average Household Income: $65,366
  • Illinois Total Tax Burden: 9.52% (9th Highest in U.S.)
  • Illinois Property Tax: 4.00% (8th Highest in U.S.)
  • Illinois Individual Income Tax: 2.11% (19th Lowest in U.S.)
  • Illinois Sales and Excise Tax: 3.41% (24th Highest in U.S.)

Waukegan, IL Financial Advisor FAQs

Financial advisors are best found through word of mouth. This includes asking friends or family if they have anyone in mind that can help, reviewing LinkedIn for connections that may be able to recommend someone, or asking your current employer for a recommendation. Banks also offer financial advisors on staff which you could locate by reaching out to them to see what's available in your area.
A financial advisor will work with a client's goals and risk tolerance to provide them a viable investment vehicle. He or she will also make suggestions on how to spend more wisely, save money, and help the person maintain a financially stable life style.
One of the most common methods is commission, where a financial advisor gets paid for any trades you make.
A financial advisor can oversee your entire investment portfolio and alert you to opportunities for new investments such as gifting (sharing investment assets with family or friends). A financial advisor can also help you plan for retirement or conduct a cash flow analysis on your current expenses and cash outflows to ensure that your living expenses are covered in retirement.