Clients per advisor for Team firms serving clients in Illinois

In Illinois, team-based financial advisor firms, which typically consist of 4 to 10 advisors or manage over $500 million in assets, serve a notably higher number of clients per advisor compared to the national median. With a median of 75 clients per advisor—well above the national median of 57—Illinois firms tend to operate with more scalable, process-driven models. This suggests advisors in the state often manage broader client bases through defined roles and shared responsibilities, balancing efficiency with service. For clients, this may mean access to streamlined advice with potentially lower fees, though possibly less individualized attention than firms with smaller client loads.