Business Details
Your Trusted Financial Partner in Chicago
Chicago Wealth Management Group is a local team of financial advisors dedicated to providing comprehensive financial solutions for individuals, families, companies, and non-profits. As part of Cetera Financial Group, we leverage a nationwide network of resources while maintaining a personalized approach to client relationships. Our services span investment management, retirement planning, college savings, estate strategies, and business retirement plans, tailored to meet each client's unique goals. We prioritize building long-term trust through transparent communication, flexible fee structures, and a defined process focused on client education and empowerment.With offices in Chicago, Villa Park, Schaumburg, and Oak Brook, our team combines local market knowledge with national expertise to help clients navigate complex financial decisions. Our independence as advisors allows us to offer unbiased recommendations without proprietary products, ensuring solutions align with client needs rather than institutional interests.
Services
Investment Management
Retirement Planning
College Saving
Financial Planning
Life Insurance
Estate Planning
401(k) Plans
Highlights and features
- We offer a complimentary, no-obligation initial consultation to understand your unique needs
- Our team holds advanced designations including Accredited Investment Fiduciary and Accredited Asset Management Specialist
- We implement a defined process combining goal planning, implementation, and ongoing monitoring
- Flexible fee structures accommodate various client preferences and financial situations
- Our independence ensures unbiased recommendations without proprietary product constraints
Associations and certifications
- FINRA
- SIPC
Services
Investment Management
We create customized investment portfolios aligned with your financial goals and risk tolerance. Our approach combines strategic asset allocation with ongoing monitoring and rebalancing. We offer access to diverse investment options including individual stocks, bonds, ETFs, and mutual funds through our affiliation with Cetera Financial Group.
Retirement Planning
Our retirement planning services help determine if you have sufficient income for your post-career years. We offer three planning levels from basic retirement goal setting to comprehensive financial planning. Services include Social Security optimization, required minimum distribution planning, and retirement income strategies.
College Saving
We develop customized college savings plans considering current costs, future projections, and financial aid strategies. Our services include 529 plan recommendations, gap analysis, and scholarship strategy guidance. We help families navigate education funding while balancing other financial priorities.
Life Insurance
We offer term and permanent life insurance solutions for income replacement and estate planning. Through our partnership with Crump Life Insurance, we provide competitive quotes from multiple carriers. Services include policy analysis, coverage needs assessment, and policy monitoring.
Estate Planning
Our estate planning services focus on efficient asset distribution and tax minimization. We coordinate with legal professionals to implement wills, trusts, and advanced directives. Services include estate tax analysis, irrevocable trust planning, and business succession strategies.
People
John Scanlon
Financial Advisor
John Scanlon holds the Accredited Investment Fiduciary designation with Series 7 and 66 registrations. He specializes in creating personalized financial strategies for individuals and businesses in the Chicago area.
Matthew Schmit
Financial Advisor
Matthew Schmit brings Accredited Asset Management Specialist credentials and extensive experience in financial planning. He focuses on helping clients develop comprehensive investment and retirement strategies tailored to their unique circumstances.
James Schmit
Financial Consultant
James Schmit offers financial consulting services with expertise in retirement planning and investment strategies. His approach emphasizes long-term financial security through customized planning solutions for individuals and families.
Reyna Santana
Client Service Associate
Reyna Santana provides remote client support with administrative and financial services expertise. She plays a key role in maintaining client communication and supporting the advisory team's service delivery processes.
Kim Sherwood
Branch Manager
Kim Sherwood serves as branch manager with over 15 years of financial services experience. She specializes in corporate financial planning and investment management solutions for businesses and high-net-worth individuals.
Questions
What services does Chicago Wealth Management Group offer?
We provide investment management, retirement planning, college savings strategies, estate planning, life insurance solutions, and business retirement plans for individuals and organizations.
How does your retirement planning process work?
We offer three planning levels starting with retirement goal planning, progressing to multiple financial goals, and comprehensive financial planning with increasing depth of analysis.
Do you work with clients outside the Chicago area?
While we maintain local offices in Chicago suburbs, we serve clients nationwide through virtual meetings and our national network resources via Cetera Financial Group.
What makes your college savings planning unique?
Our approach combines cost projections, scholarship strategies, and gap analysis with customized investment solutions including 529 plans tailored to each family's specific needs.
How are your financial advisors compensated?
We offer flexible fee structures including fee-only, commission-based, and consulting arrangements to accommodate different client preferences and financial situations.
