Fiduciary Financial Advisor in Naperville, IL
Financial Advisor in Naperville, IL
Stenger Family Office is a fiduciary financial advisor in Naperville, IL. Our team of Naperville financial advisors operates as a multi-family office, providing comprehensive financial planning, investment management, tax strategy and estate planning strategies to families in the Naperville, IL area and across the United States.
Financial Planning
We offer investors a one-stop location where tax and estate planning are provided alongside financial planning and investments. This multi-family approach provides investors with a seamless experience across the most important areas of their financial lives.
Tax Strategy & Preparation
Stenger Family Office is comprised of financial planners, Certified Public Accountants (CPA), and estate planning professionals. Stenger financial advisors work collaboratively with the other experts on our team so your financial plan takes into account important tax and estate law changes.
Estate Planning
Stenger Family Office partners with local attorneys in your area that provide real time, integrated legal advice tailored to your personal situation. As a Naperville financial advisor, Stenger Family Office helps you understand the most important aspects of estate planning while coordinating your financial plan alongside your Wills, Trusts, and other critical legal documents. We also offer clients direct integration with Estate Guru, a leading national technology driven estate planning platform that offers our clients wills, trusts, power of attorney and medical directive documents.
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Stenger Family Office provides all clients with comprehensive financial planning and investment advice. We do not charge separately for this service for clients that have a starter account with our firm.
We can help you decide when to retire, how much you can afford when buying home, help you pay down debt, and a variety of other circumstances.
Our Stenger financial advisors will start with an assessment of your personal financial situation and create a customized financial plan tailored to your goals.
Learn more about Stenger Family Office
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As a Stenger Family Office Client, you will benefit from the years of experience our investment committee has managing portfolios for clients of all sizes.
We start with a goals-based assessment of your cash needs and other upcoming goals, then create a customized investment portfolio tailored to your goals.
Stenger Family Office offers core stock portfolios and Exchange Traded Fund (ETF) based asset allocation portfolios.
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Stenger Family Office offers advanced tax strategy and tax preparation services for our family office clients.
We can prepare the following types of tax returns: individual, small business, estate, gift, partnership, and other types of returns.
Stenger Family Office also provides family office clients with advanced tax strategy plans through our Thomson Reuters software.
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Stenger Family Office works closely with law firms in Naperville, IL and your local area to deliver comprehensive advice coordinated with your personal estate plan.
The attorneys we refer to can offer the following services: wills, trusts, medical directives, power of attorney documents and more.
Our multi-family office approach helps simplify and organize your financial life.
Meet the Financial Advisors
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Nick Stenger
CEO & Financial Advisor
Nick Stenger is the Chief Executive Officer and financial advisor at Stenger Family Office. Nick is a 7th generation Naperville, IL resident where he lives with his wife Jamie and son Jack. Prior to launching Stenger Family Office, Nick was a Senior Vice President and financial advisor at Morgan Stanley Wealth Management. Nick helped lead the team’s growth to become one of Morgan Stanley’s largest wealth management teams. In 2023, Nick and the team were named one by Forbes as a Best-In-State Wealth Management team in Illinois. Prior to Morgan Stanley, Nick worked at Invesco PowerShares, a $1 trillion asset manager in Atlanta, GA and PricewaterhouseCoopers, LLP (PwC) in Chicago, IL. Nick is a graduate of the Quinlan School of Business at Loyola University Chicago with degrees in accounting and finance.
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Bond Roth
President & Financial Advisor
Bond is President and a financial advisor at Stenger Family Office. As President, Bond is responsible for overseeing the day to day operations of the firm and setting financial planning strategy for clients. As a financial advisor, Bond helps families create and manage their financial plans and investment portfolios. Prior to Stenger Family Office, Bond was an Associate Vice President and Financial Advisor at Morgan Stanley. Before Morgan Stanley, Bond worked at Guggenheim Partners, a boutique private equity and asset management company in Chicago, IL and BMO Harris Bank. Bond is a graduate of Wheaton College in Wheaton, IL and lives in Wheaton with his wife and four daughters.
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Audrey Feldpausch, CFP®
Vice President, Financial Advisor
Audrey Feldpausch is a Vice President and Financial Advisor with Stenger Family Office. Audrey leads the team’s financial planning practice and also is a member of the Stenger Family Office Investment Committee. Audrey is a CERTIFIED FINANCIAL PLANNER™ and completed her CFP® training through Northwestern University in Chicago, IL. Prior to Stenger Family Office, Audrey worked at UBS Wealth Management and Timothy Financial, a financial planning firm in the Chicago suburbs. Audrey is a graduate of Hillsdale College where she earned her B.A. in Economics. Audrey and her husband live in the Chicagoland area.
What is a family office?
Family offices have existed for hundreds of years. Much like a traditional wealth management firm, family offices provide financial planning to their clients and manage their investment portfolios. The key difference is that most family offices provide integrated tax and legal services to their client families.
As a multi-family office, Stenger Family Offices provides comprehensive financial planning, investment management, tax preparation and estate planning strategies all under one roof.
Naperville Financial Advisor | Financial Planner Naperville | Financial Advisor in Naperville
Stenger Family Office is a financial advisor in Naperville, IL. Our team of experienced financial advisors are fiduciaries and specialize in financial planning, investment management, tax preparation, and estate planning strategies. We offer comprehensive financial planning services through our team of CERTIFIED FINANCIAL PLANNERS™ (CFP®) aligned with your tax and estate plan. Stenger Family Office offers investors one location to take care of all their financial needs including tax preparation, wills & trusts, and risk management.
Since 1981, the Stenger family has been providing customized financial advice in the Naperville area. We also have an office in Spring, Texas to serve our clients from ExxonMobil, Chevron, BP, Honeywell and Shell. Our group started nearly 43 years ago at Dean Witter, a subsidiary of Sears. Over the years, the Stenger Group was on the front lines of innovating to bring costs down for clients. In 2003, we were featured on the front page of Barron’s Magazine as a leader in the exchange traded fund industry which significantly reduced fees for our client families. Throughout the years, Stenger Family Office financial advisors have been featured in Barron’s, Forbes, Financial Times, Chicago Magazine, Daily Herald and Naperville Sun as top financial advisors in the United States. Mostly recently, we were ranked by Forbes & Shook Research as a Best-In-State Wealth Management Team.
Stenger Family Office operates as a multi-family office for our clients. We combine investment management and financial planning alongside tax preparation and estate planning to deliver a seamless and comprehensive experience, not reliant on any one person. Our team of Naperville financial advisors can also work closely with your personal attorney or tax advisor if you so choose. Our team of Certified Financial Planners (CFP), financial advisors, accountants and attorneys can help you create a comprehensive financial plan that addresses all areas of your financial life beyond investments.
We offer investors 4 competitive options to best serve you at any point in your financial journey. For investors with $1,000-100,000, our Gold Desk offering provides you with customized financial planning, access to our team of financial advisors, accountants and estate planners. Investors with $100,000-2,000,000 qualify for our Core Wealth Management platform with comprehensive financial advice, advanced planning, and access to the other professionals at our firm. For investors with over $2 million, we include annual engagement bonuses for tax preparation and estate planning services bundled alongside financial planning and investment management.
Our advisory fees are competitive, with most Stenger Family Office clients paying 1% or less on assets under management. As a fiduciary financial advisor in Naperville, IL, we do not sell proprietary or commission based products. Stenger Family Office financial advisors are not commission based salespeople, but rather consultative based professionals incentivized to grow your portfolio over the long run.
You can start a relationship with Stenger Family Office today with as low as $1,000. Call us today at (630) 912-8295 or email Julia.Huebner@stengerfamilyoffice.com to learn more.
Our Office Locations
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Naperville Financial Advisor
Naperville Financial Center
400 E. Diehl Road
Suite 550
Naperville, IL 60563 -
Houston Financial Advisor
City Place
1700 City Plaza Drive
Suite 440
Spring, TX 77389
Stenger Family Office
2024 Mid-Year Economic Outlook
Listen to Nick Stenger’s 2024 Mid-Year Economic Outlook to learn more about Stenger Family Office’s insights on where the stock market, interest rates, inflation and housing could be headed in 2024. Nick also takes questions from clients during the presentation.
Stenger Family Office | Investment Portfolios
Resilient America
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Microsoft
Apple
Google
Meta Platforms
Amazon.com
NVIDIA
Berkshire Hathaway
JP Morgan Chase
United HealthGroup
TeslaAs of 6/31/24
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Minimum assets required for this portfolio: $100,000
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Fees start at 1.0% per year, billed monthly.
Retirement Portfolios
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Customized according to goals-based financial plan. Stocks and short term fixed income blended into one portfolio. Actively managed by the Stenger Investment Committee.
Typical equity to fixed income blend is 80/20 or 75/25.
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Minimum assets required for this portfolio: $50,000
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Fees start at 1.0% per year, billed monthly.
Asset Allocation Portfolios
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Aggressive Growth
Growth
Moderate Growth
Moderate
Conservative Growth
Conservative
Cash Management -
Minimum assets required for this portfolio: $1,000
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Fees start at 1.0% per year, billed monthly.
4 Distinct Offerings
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Wealth Management
Our core business line for families who wish to access a full service relationship with a Stenger Financial Advisor.
Includes: financial planning & investment management. Access to tax preparation and estate planning.
Account minimum: $100,000
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Stenger Family Office
Our flagship offering for families who wish to access the entirety of the Stenger Family Office including tax and legal services.
Includes: financial planning & investment management. Annual credits provided for tax preparation and estate planning.
Account minimum: $2 million
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Investment Management
Customized portfolio management for investors who do not require a full service relationship with a Stenger Financial Advisor.
Includes: investment management and portfolio construction.
Account minimum: $50,000
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Stenger Gold Desk
For investors with emerging wealth who would like to engage in a full service relationship with a Stenger Financial Advisor.
Includes: basic financial planning & investment management. Access to tax preparation and estate planning.
Account minimum: $1,000
Your Entire Team, In One Place
Stenger Family Office is a full service financial advisor, wealth management, and investment management firm in Naperville, IL. We offer investors a family office experience where an entire team of specialists and experts are coordinated on the same page. For years, we’ve seen clients receive disconnected, uncoordinated advice from outside advisors who are not operating as a comprehensive team.
As our clients’ average net worth has grown significantly the past 42 years, complexity and the need for detailed planning has also grown. That’s why your dedicated financial advisor in Naperville, IL will work in concert with our Stenger Tax Advisory team of Certified Public Accountants and attorneys through third party law firm, Legacy & Life Law.
Stenger Family Office offers clients of all net worth sizes an opportunity to get started on a comprehensive financial plan with a minimum investment of just $1,000. For investors with over $2 million of investable assets, we include a significant annual engagement bonus for tax preparation and estate planning services.
Our family advising your family.
We designed Stenger Family Office to serve our own family, building a fiduciary process around our investment portfolios and financial plans. Then we hired CPAs and estate planning attorneys who could advise on our entire financial picture, not just investments. By building the new firm this way, we’ve created a family first environment that serves our clients as people, not just a number on a spreadsheet like many large Wall Street firms. Our financial advisors are legally obligated to operate in the best interest of clients, just as we would expect with our own family.
Stenger Family History of Innovation
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The journey begins in Naperville, IL
John Stenger was born in Bavaria in 1825 the son of a respected farmer, Peter Stenger. It is most likely that John was an apprentice cabinet maker in Germany, for when he came to America in 1845, he was employed in New York City as a cabinet maker. Lured by the possibility of gold, he left for the California Gold Rush in 1849. He must have made his fair share rather quickly as he returned to New York in 1850, married Anna Maria Stenger (a distant relative) and joined his father, Peter, and brother, Nicholas, in Naperville.
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1848: Peter Stenger arrives in Naperville
Peter Stenger, the first generation of Stengers in the United States, starts a family brewery in Naperville, IL producing more than 500 barrels of beer per day.
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1850's: John & Nicholas take over operations
Peter passed the business to his sons, John and Nicholas, the second generation of the Stenger Family in the United States.
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1869: Adolph Coors joins the Stenger Brewery
Adolph Coors, a stowaway from Bavaria, Germany, found his way to Naperville and became the brewery’s head brewmaster. Eventually, Coors would head west and start Coors Brewery in Golden, CO.
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Passing the entrepreneurial torch: Jack Stenger, 5th generation.
After serving in the U.S. Navy during WWII, Jack graduated from North Central College in Naperville, IL and in 1976 started ERA-Naper Realty, a top producing local real estate firm, still operating today. Jack passed away at 95 in November, 2020.
Passing the baton for 8 generations.
The Stenger Group was founded in 1981 and became one of the largest wealth managers in the U.S., and nationally recognized by Forbes, Barron’s, Financial Times and Chicago Magazine.
Over the past 43 years of managing money for 1,200 client families at one of Wall Street’s largest firms, our team has identified 5 core challenges families have when passing down wealth that we felt could not be met without creating a unique family office experience for clients.
Hiring a financial advisor is one of the biggest decisions you will make as a family. If successful, your financial advisor will become integral to you and your family’s financial future. When you hire the right financial advisor, you’ll avoid mistakes that can derail your finances. As I think about the hundreds of families our team works with, I’m in awe of the 2nd, 3rd, and even 4th generations we are honored to walk alongside year after year.
Launched in 2023, the Stenger Family Office has built a competitive platform that can serve your family at all stages of the wealth journey. Today, the family office manages wealth for the Stenger family and hundreds of two, three, and even fourth generation families across 50 states. We can help you and your family pass down your values, like we've done over eight generations with our family.
Sincerely,
Nicholas Stenger
Chief Executive Officer
Financial Advisor
Local Presence, National Recognition
Forbes: 2023 Best-In-State Wealth Management Teams
Source: Forbes.com (January 2023) 2023 Forbes Best-In-State Wealth Management Teams ranking awarded in 2023. This ranking was determined based on an evaluation process conducted by SHOOK Research LLC (the research company) in partnership with Forbes (the publisher) during the period from 3/31/21 – 3/31/22. Neither Stenger Family Office LLC nor its Financial Advisors paid a fee to SHOOK Research LLC to obtain or use the ranking. This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and this ranking may not be representative of any one client’s experience. This ranking is not indicative of the Financial Advisor’s future performance. Stenger Family Office LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com(opens in a new tab).
Top Financial Advisors
Read our dozens of 5 star Google Reviews to learn why Stenger Family Office is one of the best financial advisors in Naperville, IL.
For decades, wealthy American families have employed teams of investment managers, financial planners, tax preparers, CPAs, estate planning attorneys and insurance professionals to deliver a seamless, completely integrated experience called a family office.
In the past, this service has only been available to families with $50 million or more in assets. Thanks to technology and innovation, Stenger Family Office is able to offer clients this comprehensive service with much lower account minimums and reasonable fees.
As a Stenger Family Office client, you will benefit from our experienced team of financial planners, investment managers, tax professionals, estate planning attorneys and insurance specialists who can advise you on all aspects of your financial life.
Welcome to the future of financial advice!
Your entire team, in one place.
Unbiased, fiduciary advice
As a Stenger Family Office client, you never have to wonder if our financial advice is in your best interest or ours. As fiduciaries, we are legally required to put your interests first.
We do not use proprietary, high cost, high commission investment or insurance products. Because of our partnership with Charles Schwab, we have access to an open architecture platform that includes thousands of stocks, bonds and low cost exchange traded funds (ETFs).
Further, our in-house accountants can help identify tax savings in your investment and financial plans. As a Stenger Family Office client, you also have access to our in-house estate planning attorneys who can identify any deficiencies in your current trust or will and can create a new estate plan for you and your family.
When hiring a financial advisor, it’s important to know if the prospective advisor will operate in your best interests at all times. You will also want to ask the financial advisor if they provide a seamless experience between your CPA and estate planning attorney.
Your Stenger financial advisor sits on the same side of the table as you and your family. Our firm is incentivized to help grow your investment portfolio over the long run and keep you on your financial plan. We strongly believe your financial advisor should never call to sell something, but rather call to check in on your financial planning progress.
Financial Advisor in Chicago, IL.
Our group started in 1981 by educating investors all across the Chicago suburbs at various libraries, hotels, and event centers. His focus on education has continued with the Stenger Family Office today.
All Stenger clients regardless of asset level have access to premium research, articles, whitepapers, shows, podcasts, webinars and live events all geared towards helping families understand the why behind their financial and investment plans.
Nick Stenger, CEO and senior financial advisor at the Stenger Family Office hosts a live weekly show called “The Nick Stenger Show” with a focus on economics, financial markets and financial planning. He also writes a one-page weekly article called “Weekly Insights” that is distributed to thousands of families. Bond Roth, President and senior financial advisor at the Stenger Family Office hosts a live show called “The Roth Report” that covers financial planning and retirement planning.
Throughout the year, Stenger Family Office provides premium events featuring prominent guest speakers from Wall Street’s largest companies.
Dedicated to education.
Financial advisor near me.
Our team of financial advisors in Naperville, IL can work with you and your family even if you are located in another state. We have clients in nearly all 50 states and can meet you in a convenient location.
We have offices or can meet you in the following locations:
Financial advisor in Naperville, IL
Stenger Family Office - Naperville Headquarters
400 E. Diehl Road
Suite 550
Naperville, IL 60563
Financial advisor in Joliet, IL
Stenger Family Office - Joliet Office
Financial advisor in Chicago, IL
Stenger Family Office - Chicago, IL
Financial advisor in Spring, TX
Stenger Family Office - Spring, TX
Financial advisor in Beaumont, TX
Stenger Family Office - Beaumont, TX
Financial advisor in Baytown, TX
Stenger Family Office - Baytown, TX
Financial advisor in Baton Rouge, LA
Stenger Family Office - Baton Rouge, LA
Battling the Doom & Gloom
The Nick Stenger Show - New Episodes Every Thursday
Nick Stenger is CEO and Founder of Stenger Family Office, a boutique independent fiduciary wealth management firm based in Naperville, IL. Since 1981, the Stenger family has provided customized financial advice to over 1,200 families across the United States.
Stenger Family Office is a Registered Investment Advisor (RIA) firm with headquarters in Naperville, IL. The company provides financial planning and investment advice, and through its related companies, tax preparation, estate planning strategies and insurance services, offering families of all net worth sizes a family office wealth management experience.
Stenger Wealth Management
Our flagship offering, Stenger Wealth Management provides clients with assets between $100,000 and $2,000,000 a full service, high-touch relationship with a senior financial advisor on our team. Stenger Wealth Management fees start at 1.00% per year on the assets we manage for you.
The Stenger Wealth Management process starts with a comprehensive financial plan with one of our financial planning professionals that takes into account your income, expenses, assets, liabilities, investments, taxes and estate plan.
At the end of the financial planning process, you will receive a highly detailed copy of your plan along with access to our high tech online financial planning portal.
Your Stenger dedicated financial advisor will then work to create an investment plan that matches your objectives and risk tolerance. In most cases we will design a custom investment plan that invests your money directly into a diversified portfolio of U.S. stocks.
As a Stenger Wealth Management client, you will be enrolled in our proactive, high-touch service model. Your Stenger financial advisor will meet with you at least one time per year for an extensive, in-depth financial planning annual meeting. Our financial advisors prefer to hold these meetings in person either at our Naperville office or a convenient location near you.
After the Annual Review Meeting, your financial advisor will schedule a Mid-Year Check-In Meeting over Zoom or on the phone. The purpose of this meeting is to make updates to your plan and review the financial markets.
If you do not yet meet the $100,000 minimum, you may be interested in Stenger Gold Desk. If you have $2 million or more to invest, you automatically qualify for Stenger Family Office which includes tax preparation and discounted estate planning services.
All Stenger Wealth Management clients have access to Stenger Tax, Stenger Insurance and estate planning services at reduced rates.
As your net worth grows over time, you may outgrow your current financial advisor. Many families also outgrow their current wealth management firm. After watching clients receive disconnected advice from third party tax and legal professionals, we launched the Stenger Family Office in 2023.
For clients with $2 million or more in investable assets, Stenger Family Office creates a unique opportunity for your financial advisor, tax professional and estate planning attorney to work seamlessly as an in-house team.
As a Stenger Family Office client, your financial advisor will work closely with our in-house team of CPAs and estate planning attorneys to create a plan that addresses all areas of your financial life.
Your Stenger Family Office financial advisor will create a comprehensive financial plan and investment plan customized to your individual goals. Annual fees for Stenger Family Office are 1.00% per year. In our four decades of experience, we’ve found clients are looking for a financial advisor that understands all areas of their financial life including taxes, estate planning and insurance.
Stenger Family Office
Stenger Investment Management
For clients that do not require a full-service relationship with a financial advisor, Stenger Investment Management offers a unique opportunity to invest directly in the stock market at a reasonable cost. Stenger Investment Management clients have direct access to a dedicated client service associate that can help with opening accounts, moving money and updating beneficiary information.
All portfolio management and trading is done by a Stenger financial advisor and your initial consultation will be with a Stenger financial advisor. When starting a Stenger Investment Management relationship, a financial advisor with our team will complete a new account questionnaire and determine your desired level of risk.
Stenger Investment Management provides portfolio management services to clients who do not wish to work directly with a financial advisor or would like to add on other Stenger Family Office services in the future.
If you are not looking for a full service, traditional relationship with a financial advisor, Stenger Investment Management may be a good fit. Rather than invest your money with the Big-3 asset managers (BlackRock, Vanguard and State Street) where your proxies are actively voted against American interests, Stenger Investment Management votes proxies in alignment with pro-business, pro-democracy values.
We offer customized investment portfolios and a handful of model portfolios that invest directly in United States stocks and low cost exchange traded funds. Model portfolios include - Resilient America, Dividend Equity, High Dividend Yield and American Growth. We also offer ETF asset allocation portfolios that range from highly conservative to highly aggressive.
Stenger Investment Management charges an annual fee of 1.00% and the minimum account size is $50,000.
All Stenger Investment Management clients have access to other Stenger Family Office services including financial planning, Stenger Tax, Stenger Insurance and estate planning services for an additional fee.
For emerging and next-generation investors who do not yet meet the $100,000 Stenger Wealth Management account minimum but would like to start a full service relationship with a Stenger financial advisor, Stenger Gold Desk may be a good fit.
Stenger Gold Desk offers emerging investors a relationship with a Stenger financial advisor that includes financial planning and investment management. Your Stenger financial advisor is available whenever you have a question or would like to update your financial plan. There are no limits on how often you can contact your dedicated Stenger financial advisor.
A Stenger Gold Desk relationship includes dedicated advice and support from a Stenger financial advisor and client service associate that will help you as your net worth and investments grow.
Stenger Gold Desk fees start at 1.25% per year and the minimum account size is only $1,000. Stenger Gold Desk clients have access to Stenger Tax, Stenger Insurance and estate planning services for an additional fee.
When your account reaches the $100,000 mark, you will automatically be enrolled in Stenger Wealth Management and continue working with your dedicated Stenger financial advisor.
Stenger Gold Desk
Redefined family office.
The Stenger Fiduciary Standard.
Integrated tax & legal.
Support for the next generation.
With roots dating to 1981, the Stenger Family Office is an experienced group of financial advisors located in Naperville, IL and throughout the United States. Financial advisors Nicholas Stenger and Bond Roth lead the team’s financial planning and investment management practices and work closely together with a team of in-house Certified Public Accountants, tax preparers, estate planning, and insurance professionals to help deliver clients a seamless wealth management experience.
Financial Advisor in Naperville, IL
Your Entire Team, Under One Roof
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Investments
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Tax Planning & Preparation
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Estate Planning
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Insurance & Risk Management
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Financial Planning
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Banking & Lending
How to find a financial advisor
Deciding to work with a financial advisor is one the most important decisions you and your family will ever make. If selected properly, your financial advisor will walk through time, alongside you and your family, giving you financial advice, updating your financial plan and guiding you through the most important transitions and challenges you will face.
Hiring the wrong financial advisor can be detrimental to your financial future. If you hire an advisor who charges commissions and is only trying to sell products, you will find your interests may not be aligned with the financial advisor’s interests. Rather, we believe you should hire a financial advisor who is paid on an advisory or consultative basis. At Stenger Family Office, our fees are charged on the assets we manage for you and your family. As your account increases in size, we do better as you do better.
Hiring the right financial advisor can make a tremendously positive impact on your financial future. Good financial advice can make a difference between running out of money in retirement versus having plenty to last the rest of your life. A financial advisor can create a financial plan that addresses all aspects of your financial life, including investments, insurance, taxes and estate planning.
Financial advisors at the Stenger Family Office believe strongly in financial planning. Creating a plan starts by examining your short, medium and long term strategies and addressing these goals by investing your assets in a diversified portfolio of stocks, bonds and exchange traded funds (ETF’s).
If you plan on hiring a financial advisor, we recommend asking the prospective financial advisor if they are a fiduciary and operate in your best interest. You should also ask the prospective financial advisor how much they get paid and how they get paid. We recommend requesting a copy of the financial advisor’s BrokerCheck profile or SEC filed ADV form that will give you insight on the financial advisor’s background and potential past client issues.
Hiring a financial advisor can be a daunting and challenging decision. As you make the decision, we strongly encourage you to interview a variety of financial advisors from a variety of firms, similar to receiving multiple doctor opinions before having surgery.
Contact Nick Stenger and the Stenger Family Office today to learn more.
Finding a financial planner in Naperville, IL is hard work. You may interview a variety of financial advisors and find out not all financial advisors are created equal. Here are some common types of financial advisors and how they work:
Commission or sales based:
Many financial advisors still charge commissions when placing trades or rebalancing client portfolios. When working with a financial advisor, be sure to ask how that advisor is paid and how much in fess you are charged per year. It may not always be clear on your monthly account statement and you may be paying more than you realize. Financial advisors at Stenger Family Office do not charge commissions or sales fees on your investments, rather we are paid an advisory fee based on the amount of assets we manage on your behalf.
Financial planners:
In recent years, many financial planning firms have been launched and don’t charge advisory fees. They operate similar to law firms in that they will charge a fee for a financial plan or ongoing hourly rate. While this is a less popular option, financial planning for a fee may be a good way for young investors to receive unbiased advice before accumulating larger sums of money. Stenger Family Office offers comprehensive financial planning included in our full service Stenger Wealth Management, Stenger Family Office, and Stenger GoldDesk service offerings. If you choose a more limited relationship with our firm through Stenger Investment Management, you can add on financial planning services for an additional fee. In each case, a Stenger financial advisor can point you towards the best solution for your personal situation.
Insurance based:
Some insurance agents and insurance firms have started offering financial advice by selling whole life or other insurance products including annuities as a way to save for retirement. While in some cases this may be a reasonable strategy, we typically recommend buying insurance as a risk management tool rather than an investment tool. These insurance contracts often pay high commissions and can present a conflict of interest for clients.
Stenger Family Office:
Stenger Family Office offers clients an unbiased, fiduciary based approach to wealth management where our interests are aligned with yours. Through our comprehensive financial planning and wealth management process, a Stenger financial advisor can create a tailored and customized investment portfolio that matches your goals. We do not sell or earn commissions on financial products, but rather use an open architecture platform of stocks, bonds and exchange traded funds (ETFs) that match your risk tolerance.
Financial Planner in Naperville, IL
Your Retirement Journey
Stenger Family Office can help you and your family navigate your retirement journey. As fiduciaries, our financial advisors will help create a retirement plan that aligns your goals with the amount of risk in your portfolio. Here are some of the ways a Stenger financial advisor can help you and your family:
Retirement Planning
Our financial advisors can help you answer the most important financial planning question “Do I have enough money for retirement?” During the financial planning process your financial advisor will analyze your income and expenses, assets and liabilities and retirement goals. Using our high tech financial planning software, we’ll show you the probability of success of not running out of money at various retirement ages.
Portfolio Management
While you’re working, we typically recommend allocating the majority of your investment portfolio towards equities. When retired however, your financial advisor will likely rebalance your portfolio slightly away from equities towards bonds. In general, we recommend retirees hold 2-3 years of living expenses in short term fixed income so distributions can be made even when markets are down or volatile. Your Stenger financial advisor will also likely shift towards dividend paying, Blue-Chip, U.S. equities as you approach retirement.
Tax Planning & Preparation
As a Stenger Family Office client, you will have access to Stenger Tax Advisory, a licensed provider of tax planning and preparation services. Your Stenger financial advisor will work closely with one of our in-house CPA’s to create a tax efficient investment portfolio and withdrawal strategy for you during retirement.
Estate Planning
Your Stenger financial advisor will also help you determine the best estate planning strategy alongside your personal estate planning attorney. Stenger Family Office has partnered with Legacy & Life Law firm to provide clients with trusts, wills, powers of attorney and other important legal services.
Stenger financial advisors are experienced in offering families a comprehensive wealth management experience and can help you and your family achieve a rewarding and fulfilling retirement.
Stenger Family Office is based out of Naperville, IL but can serve you and your family across the entire United States. Our financial advisors frequently travel to meet with clients on a regular basis and can move with you if you move.
Our on-going process is based on extensive and proactive service plan to make sure you are always informed and up to date on the financial markets and your personal financial plan. Your Stenger financial advisor will reach out to set up an annual review meeting to review your financial plan, taxes, estate plan and insurance needs. Depending on your service level, your Stenger financial advisor will also reach out to schedule a variety of check-in calls throughout the year as well.
During the year, you are encouraged to reach out to your financial advisor as frequently as you’d like if questions or concerns should arise. As a Stenger Wealth Management, Stenger Family Office, or Stenger GoldDesk client, you also have access to dedicated client support, not an 800 number like many of our competitors. Because the financial advice relationship is so important, we believe you should experience consistency in your ongoing relationship with your financial advisor.
We’ve made it incredibly easy to start a relationship with a Stenger financial advisor that you can begin today with just a $1,000 investment.