Top 4 financial advisor firms in Frankfort

4 SEC-registered financial advisor firms are headquartered in Frankfort, IL, with $1.39B in combined regulatory assets under management. The largest by assets are Providence Wealth Advisors ($684M), Latko Wealth Management ($327M) and Prairieview Wealth Partners ($207M).

4
Financial advisor firms: $1.39B
Their combined AUM: $267M
Median firm AUM: 1,599
Clients of the top 4

The 4 largest by assets

1
Providence Wealth Advisors
RIA
$684M
0.50% to 1.25% a year
2
Latko Wealth Management
RIA
$327M
0.50% to 2.00% a year
3
Prairieview Wealth Partners
RIA
$207M
1.00% to 1.50% a year
4
McDonnell Wealth Management
RIA
$167M
0.75% to 1.25% a year

Profiles of the top 4

No. 1 · RIA

Providence Wealth Advisors

Providence Wealth Advisors is an investment adviser based in Frankfort, IL, registered with the SEC since 2010. It provides financial planning and investment management. Its clients include individuals, corporations and other businesses, and charitable organizations. Its regulatory assets under management total $684 million, as filed on 2 March 2026.

Providence Wealth Advisors charges 0.50%–1.25% a year for its Portfolio Management Asset-Based Fee Schedule.

Regulatory AUM: $684M
Clients: 653
Advisory staff: 6
Founded: 2010
Fee schedule: 0.50% to 1.25% a year
Custodians: Charles Schwab
Headquarters: 20220 South Lagrange Road, Frankfort, IL 60423
Phone: 815-306-2020

No. 2 · RIA

Latko Wealth Management

Latko Wealth Management is an investment adviser based in Frankfort, IL, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $327 million, as filed on 29 September 2026.

Latko Wealth Management charges 0.50%–2.00% a year for its Asset Management.

Regulatory AUM: $327M
Clients: 499
Advisory staff: 3
Fee schedule: 0.50% to 2.00% a year
Custodians: LPL Financial
Headquarters: 45 East Colorado Avenue, Frankfort, IL 60423
Phone: 815-469-8887
Website: latkowealth.com

No. 3 · RIA

Prairieview Wealth Partners

Prairieview Wealth Partners is an investment adviser based in Frankfort, IL, registered with the SEC since 2023. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $207 million, as filed on 1 October 2026.

Prairieview Wealth Partners charges 1.00%–1.50% a year for its Investment Management Services.

Regulatory AUM: $207M
Clients: 288
Advisory staff: 4
Fee schedule: 1.00% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 28 W Nebraska St, Frankfort, IL 60423
Phone: 708-326-4750

No. 4 · RIA

McDonnell Wealth Management

McDonnell Wealth Management is an investment adviser based in Frankfort, IL, registered with the SEC since 2025. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $167 million, as filed on 26 February 2026.

McDonnell Wealth Management charges 0.75%–1.25% a year for its Investment Management.

Regulatory AUM: $167M
Clients: 159
Advisory staff: 2
Fee schedule: 0.75% to 1.25% a year
Custodians: Charles Schwab
Headquarters: 19550 S Harlem Avenue, Suite 3, Frankfort, IL 60423
Phone: 708-925-9507
Website: mcdonnell-capital.com

Questions about financial advisors in Frankfort

How many financial advisor firms are headquartered in Frankfort?

4 SEC-registered financial advisor firms report their principal office in Frankfort, IL, managing $1.39B in regulatory assets between them.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Frankfort?

Providence Wealth Advisors, with $684M in regulatory assets under management on its latest Form ADV. The next largest are Latko Wealth Management ($327M) and Prairieview Wealth Partners ($207M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Frankfort?

The median firm manages $267M in regulatory assets. That is the midpoint of the 4 firms headquartered in Frankfort.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Frankfort charge?

Of the 4 largest firms, 4 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.25% to 2.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Frankfort?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

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