Wealth Management in Bannockburn, IL

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List of Firms

Bannockburn, IL Wealth Management Firms

Morgan Stanley Smith Barney
5 out of 5
Location 2500 Lake Cook Rd #100, Riverwoods, IL 60015, USA
Phone (847) 831-8000
Financial Advisors | U.S. Bancorp Investments
Location 700 Deerfield Rd, Deerfield, IL 60015, USA
Phone (847) 948-6001
William Duncan - Private Wealth Advisor, Ameriprise Financial Services, LLC
Location 540 Lake Cook Rd Ste 450, Deerfield, IL 60015, USA
Phone (847) 964-2128
Buckingham Strategic Wealth
SEC File# 801-67640
CRD# 143323
Location 500 Lake Cook Rd Suite 205, Deerfield, IL 60015, USA
Phone (847) 282-9910
501 Financial Management
Location 2549 Waukegan Rd #210, Bannockburn, IL 60015, USA
Phone (847) 975-5304
Kyle Thorpe - RBC Wealth Management Financial Advisor
Location 2150 E Lake Cook Rd Suite 405, Buffalo Grove, IL 60089, USA
Phone (847) 215-5334
Gamco Asset Management Inc
SEC File# 801-14132
CRD# 104950
Location 2801 Lakeside Dr # 201, Bannockburn, IL 60015, USA
Phone (847) 295-7400
2nd Opinion Partners
Location 2610 Lake Cook Rd Ste 250, Riverwoods, IL 60015, USA
Phone (800) 596-0253
Wealth Management in Bannockburn, IL

Where Wealth Management Advisors in Bannockburn, IL Serve

Bannockburn, IL is a charming village nestled in Lake County, known for its lush landscapes and thriving economy. Its landmarks include the Bannockburn Green, a picturesque park that hosts community events, and the Bannockburn Metra station, which provides easy access to Chicago. The village is home to several top employers, such as Horizon Pharma and Omron Automation Americas, that contribute to its robust economy. Major highways, including the I-94 and Route 22, connect Bannockburn to neighboring cities and towns. The village boasts several neighborhoods, each with its unique character and charm, such as the prestigious Tallgrass neighborhood and the peaceful Bannockburn Woods. Overall, Bannockburn is a vibrant community that offers a high quality of life for its residents.

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of Bannockburn, IL would greatly benefit from a bank in a multitude of ways. For instance, with the town being a predominantly affluent area, the bank could offer personalized wealth management services to help residents manage their finances and investments effectively. Additionally, the bank could provide loans and mortgages to help residents purchase homes in the area, which is known for its high property values. Furthermore, with Bannockburn being a small town, the bank could offer a sense of community by hosting local events and supporting small businesses. Overall, a bank in Bannockburn would not only provide essential financial services but also contribute to the town's sense of unity and prosperity.

Insurance Broker

Residents of Bannockburn, IL could greatly benefit from the expertise of an insurance broker. With an in-depth understanding of the insurance industry, brokers can help residents navigate the complexities of insurance policies, ensuring they have the coverage they need at a price they can afford. For instance, Bannockburn, IL is home to many high-net-worth individuals who may require specialized insurance coverage for their valuable assets such as luxury cars, fine art, and expensive jewelry. An insurance broker can help these residents find policies that provide the necessary protection for their unique possessions. Additionally, with severe weather conditions being a common occurrence in the area, insurance brokers can assist residents in finding policies that cover damage caused by storms, floods, and other natural disasters. With the help of an insurance broker, residents of Bannockburn, IL can have peace of mind knowing they are adequately protected.

Retirement Planning

Residents of Bannockburn, IL could benefit from the expertise of a retirement planner in a variety of ways. For example, a retirement planner could help residents navigate the complex tax laws that are specific to Illinois, such as the state's income tax rates and property tax exemptions. Additionally, a retirement planner could assist residents in developing a comprehensive retirement plan that takes into account their unique financial situation, including any retirement accounts they may have, their expected Social Security benefits, and their anticipated expenses in retirement. The retirement planner could also help residents evaluate different investment options and create a diversified portfolio that is tailored to their risk tolerance and long-term goals. Overall, a retirement planner could provide invaluable guidance to residents of Bannockburn, IL as they navigate the often-confusing world of retirement planning.

Financial Advisor

Residents of Bannockburn, IL can benefit greatly from the guidance and expertise of a financial advisor. With its affluent community and high cost of living, Bannockburn presents unique financial challenges that require a tailored approach to financial planning. A financial advisor can help Bannockburn residents navigate these challenges by providing personalized investment advice, tax planning strategies, and retirement planning solutions. They can also assist with estate planning, risk management, and college savings planning. Furthermore, a financial advisor can help residents of Bannockburn optimize their charitable giving and create a legacy that aligns with their values. Overall, a financial advisor can provide invaluable support and guidance to help Bannockburn residents achieve their financial goals and secure their financial future.

Mortgage Loan Officer

Residents of Bannockburn, IL would benefit greatly from the services of a mortgage loan officer. With the median home value in Bannockburn being over $1 million, many residents may require a jumbo loan to purchase a home. A mortgage loan officer can assist in securing a loan with favorable terms and interest rates. Additionally, Bannockburn is a small, affluent community with a population of just over 1,500. As such, residents may require a personalized approach when it comes to their mortgage needs. A mortgage loan officer can provide individualized attention and guidance throughout the loan process. Furthermore, Bannockburn is located in Lake County, which has a variety of loan programs available to first-time homebuyers and those with lower incomes. A mortgage loan officer can help residents navigate these programs and find the best fit for their financial situation. Overall, a mortgage loan officer can provide invaluable assistance to residents of Bannockburn, IL in achieving their homeownership goals.

Tax Services

Residents of Bannockburn, IL can benefit greatly from the services of a tax advisor. These professionals can provide assistance with a variety of tax-related issues, including preparing tax returns, minimizing tax liability, and ensuring compliance with local and federal tax laws. In particular, Bannockburn residents may benefit from the expertise of a tax advisor when dealing with the unique tax laws and regulations that apply to the state of Illinois. For example, Illinois has a flat income tax rate of 4.95%, which may require different strategies for minimizing tax liability than in other states with more complex tax structures. Additionally, residents of Bannockburn who own businesses or investment properties may need specialized tax advice to ensure that they are taking advantage of all available deductions and credits. With the help of a skilled tax advisor, residents of Bannockburn can navigate the complex world of taxation with confidence and ease.

Estate Planning Lawyer

Residents of Bannockburn, IL would greatly benefit from seeking the assistance of an estate planning lawyer. These legal professionals can provide a wide range of services that are tailored to meet the unique needs of each client. For example, they can help individuals create wills and trusts that ensure their assets are distributed according to their wishes. Additionally, estate planning lawyers can assist in the creation of advanced directives, such as living wills and healthcare proxies, which can be crucial in ensuring that an individual's medical wishes are respected in the event of incapacity. Given the high net worth of many Bannockburn residents, an estate planning lawyer can help them navigate complex tax laws and minimize their tax liabilities. Furthermore, they can provide guidance on issues related to business succession planning, charitable giving, and asset protection. With their expertise and experience, estate planning lawyers can help residents of Bannockburn achieve peace of mind by ensuring that their affairs are in order and their loved ones are provided for in the future.


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