Financial Advisor & Retirement Planning in Algonquin, IL and the Northwest Suburbs of Chicago

When You're Ready, We're Ready.

Retirement income, investment and estate planning for families in Algonquin, Lake in the Hills, Crystal Lake, Huntley, Barrington and the Northwest Suburbs of Chicago. Serving clients since 2004.

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Address

2403 Harnish Drive, Suite 201

Algonquin, IL 60102

Phone

(847) 428-3997

Hours

Monday thru Friday - 8am to 5pm

Saturday & Sunday - By Appointment

Who We Help in the Algonquin, IL Area

Pre-Retirees

You want to know when you can stop working and how much you can spend.

Retirees

You need dependable income from Social Security, pensions and savings for decades to come.

Snowbirds

You split the year between two homes and want a firm that can meet you in both places.

See our Illinois office

New Residents

You’ve moved to Illinois from another state and want your plan updated for life in Illinois.

Not Sure If A Financial Advisor Is Right For You?

Scheudule a free, no pressure, no obligation consultation to see how we work and what we can do for you.

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How We Help

Retirement Income Planning

A clear plan for what you can spend each year and where it comes from.

Investment Management

Portfolios managed for income, growth and the risks that matter to and through retirement.

Estate Plan Coordination

Beneficiaries, account titling, tax-efficiency and trust funding aligned with your estate documents.

Tax-Aware Planning

Roth conversions, withdrawal order, tax-efficient beneficiary designations and charitable giving strategies.

Social Security & Medicare

Claiming and enrollment decisions that fit your full financial plan.

Estate Planning

In-house trusts, wills, POAs, beneficiaries and account titling, coordinated with your financial plan.

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How We Are Paid

We are a "fee-only" financial advisory firm and we are compensated by charging our client a fee rather than by receiving a commission for selling a product. These fees are charged as a percentage of the assets we manage for our clients.

We have no asset minimums to meet with us.

LEARN MORE ABOUT FEE STRUCTURES

What Working With Us Looks Like

1. Free First Meeting

About an hour, in person or by video. Leave with a sense of direction, no obligation.

2. Discover

During the meeting, we learn your goals, income needs, accounts and family situation.

3. Plan

We build a custom plan for retirement income, investments and your estate based on your specific needs.

4. Implement & review

We put the plan in place and review it with you at least once per year, or as your life situations change.

Planning for Retirement in Illinois

Illinois tax and estate rules differ from federal rules and from most other states. We help Algonquin-area clients plan around them.

Illinois’ Retirement Income Exemption
Illinois doesn’t tax Social Security, pensions or most retirement plan withdrawals, but it does tax interest, dividends and capital gains. That shapes which accounts you draw from and where you hold investments.

The Illinois Estate Tax
Illinois taxes estates above $4 million, far below the federal exemption, and spouses can’t combine their exemptions automatically. Married couples near that level often need trust planning to protect both.

Illinois Public Pensions
Survivor options, Tier 1 and Tier 2 rules and lump-sum choices for TRS, IMRF, SURS and State Employees’ Retirement System members.

Avoiding Illinois Probate
Beneficiary designations, trusts and transfer on death instruments for real estate can help your family avoid a lengthy probate, coordinated with your estate planning attorney.

Frequently Asked Questions

What areas does your Algonquin office serve?

We meet with clients throughout McHenry, Kane and Western Cook counties, including Algonquin, Lake in the Hills, Crystal Lake, Huntley, Carpentersville, Elgin, Schaumburg and Barrington, and by video anywhere. We currently have clients in 38 states.

How much does a financial advisor cost?

We are a fee-only financial advisory firm meaning we charge a fee based on the value of the assets we manage for you. Our most common percentage is 1% of the assets we manage for a client. The fees are debited from your accounts at the rate of 1/4 of your fee percentage each quarter (January, April, July & October).

Do you work with clients who split time between Illinois and Florida?

Yes. With offices in Algonquin, IL and Bradenton, FL, we have options to meet in-person or virtually so we have the ability to meet with you no matter where your travels take you.

Are you a fiduciary?

Yes. Hendricks Wealth & Estate Management is a Registered Investment Adviser, which means we have a fiduciary duty to act in your best interest when we provide investment advice and financial planning. We’re paid through a percentage of the assets we manage for our clients, not commissions on the investments we recommend, and we disclose any conflicts of interest in our Form ADV and Client Relationship Summary.

View our FAQ Page!

When You're Ready, We're Ready.

Scheudule a free no pressure, no obligation consultation to see how we work and what we can do for you.

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