Clients per advisor for Team firms serving clients in Illinois

In Illinois, team-based financial advisory firms, which typically consist of 4 to 10 advisors or manage over $500 million in assets, tend to serve a higher number of clients per advisor compared to the national median. With 1,174 such firms in the state, the median clients per advisor is 74, surpassing the national median of 61. This suggests that Illinois firms often operate with more scalable, process-driven models, allowing advisors to manage a broader client base efficiently. Clients seeking more personalized attention might find firms on the lower end of this range, while those comfortable with standardized workflows may benefit from the higher client loads common in Illinois.