AUM per client for Team firms serving clients in Illinois

AUM per client measures the total assets a firm manages divided by its client count, offering insight into the type of clients a firm serves. Higher AUM per client often indicates firms with higher minimum investment requirements and more complex, personalized planning, while lower figures suggest broader access and more standardized services.

In Illinois, among team firms—which typically have 5 to 30 advisors or manage over $500 million in assets—the median AUM per client is about $943,000. This figure sits slightly below the national median for similar firms, reflecting a diverse range of client segments served across the state. The distribution shows some firms managing as little as around $124,000 per client, while others exceed $4.6 million, indicating both firms focused on affluent working professionals and those catering to high-net-worth families. This spread suggests that Illinois team firms balance between scaling standardized services for a broader client base and delivering highly tailored advice to wealthier clients.

For you, understanding AUM per client helps clarify what kind of advisory experience to expect. A higher number usually means a firm has higher minimums and offers more bespoke, complex planning, while a lower number suggests more accessible, standardized service. There’s no single “right” number; it depends on your financial situation and preferences. Use this metric alongside others to find a firm that matches your needs and goals. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.