AUM per client for Team firms serving clients in Illinois

AUM per client measures the total assets a firm manages divided by its number of clients, offering insight into the type of clients a firm serves. Higher AUM per client often indicates firms that cater to high-net-worth individuals with more complex financial needs, while lower figures suggest broader access and more standardized services for a wider client base.

In Illinois, team firms—those with 5 to 30 advisors or managing over $500 million—show a median AUM per client of about $943,000, slightly below the national median of roughly $1,016,000. With 396 such firms and over 1,600 advisors, the distribution ranges from around $145,000 to over $4.5 million per client. This spread suggests a diverse market: some teams focus on affluent professionals seeking scalable, repeatable planning, while others serve wealthier clients requiring more personalized, complex advice. The presence of firms at both ends of the spectrum reflects the two common interpretations—either early-stage teams building their client base or established teams intentionally maintaining smaller, high-net-worth client rosters.

For you, understanding AUM per client helps clarify what kind of advisory experience to expect. A higher figure may mean more tailored service with higher minimum investments, while a lower figure could indicate more accessible, standardized offerings. There’s no single “right” number; instead, consider this metric alongside others to find a firm that matches your financial situation and service preferences.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.