What is the average financial advisor fee in Illinois?

Fees vary by advisor and are not set by state. A common arrangement is roughly 1% of assets managed per year, alongside flat-fee, hourly, and commission models. Compare the total annual cost in dollars, and review each advisor's Form ADV for their exact fee schedule.

Average Financial Advisor Fees in Illinois (2026)

There are 24,028 financial advisors registered in Illinois with a Fidelon TransparencyScore. Most advisors charge about 1% of the assets they manage per year, with flat-fee, hourly, and commission models also common — fees are set by the advisor, not the state.

What financial advisors charge

Advisors are paid through a percentage of assets managed (often around 1% per year), flat or hourly fees, commissions on products they sell, or a subscription. Commissions create a conflict of interest. Always ask for the full fee picture in writing and check the advisor's Form ADV.

Frequently asked questions

How many financial advisors are in Illinois?: There are 24,028 financial advisors registered in Illinois with a Fidelon TransparencyScore, based on public SEC and FINRA data (2026).
What is the average financial advisor fee in Illinois?: Fees vary by advisor and are not set by state. A common arrangement is roughly 1% of assets managed per year, alongside flat-fee, hourly, and commission models. Compare the total annual cost in dollars, and review each advisor's Form ADV for their exact fee schedule.

Keep going

Counts and scores are drawn from public SEC and FINRA regulatory data and update on each refresh. This page is educational and is not investment advice.