The Top Regional RIAs: Four hot spots?
For financial advisers, Chicago is definitely not a second city. With 2.7 million residents and another 6.8 million people in its suburbs, Chicago is home to world-class cultural, educational and business resources. These serve as a magnet for corporate executives, entrepreneurs and professionals — offering manifold opportunities for financial advisers.
“Don't underestimate the caliber of the investment professionals you will find here,” said Sarah Tims, a financial adviser with RMB Capital Management LLC, which manages $1.9 billion in assets.
In addition to the large number of local firms with top-tier financial planners, the national brokerages and banks all compete for customers, said Ms. Tims, a Chicago native. But the competition is not “cutthroat,” she said, because the polite, fair-minded and hardworking Midwestern work ethos keeps it friendly.
“If you can compete, the quality of life here makes it a much better place to live,” she said.
(Click here for the full regional RIA rundown of Chicago.)