The median advisory fee in Des Plaines, IL is 1.60% of assets under management. This is 28% above the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
There are 50 fee-only financial advisors in Des Plaines, IL, representing 73.5% of all advisors in the area. Fee-only advisors do not earn commissions from selling financial products, which can reduce potential conflicts of interest.
The most common professional designation among Des Plaines advisors is the CFP (Certified Financial Planner), held by 8 advisors. Other important credentials include the CFA (Chartered Financial Analyst) and CPA (Certified Public Accountant). These certifications require rigorous education, examination, and ongoing continuing education.