Business Details
Your Trusted Financial Partner in Oak Brook, IL
Chicago Wealth Management Group is a local team of financial advisors registered through Cetera Advisor Networks, part of Cetera Financial Group. We specialize in advanced investment strategies, retirement planning, and comprehensive financial services tailored to individuals, families, companies, and non-profits nationwide. Our approach combines a deep understanding of local market needs with a commitment to personalized service, ensuring clients receive solutions aligned with their unique goals. We operate through a defined process that emphasizes transparency, flexibility, and client empowerment.Our team brings decades of combined experience in financial planning, with a focus on fiduciary responsibility and long-term relationship-building. We offer a wide range of services including retirement income planning, college savings strategies, estate conservation, and business retirement plan design. As independent advisors, we provide access to diverse financial products without proprietary constraints, prioritizing client needs above all.
Services
Retirement Planning
Investment Management
College Savings Planning
Estate Planning
401(k) Services
Life Insurance
Business Succession Planning
Tax Planning
Risk Management
Portfolio Management
Highlights and features
- We offer a complimentary, no-obligation initial meeting to understand your unique needs
- Our defined process ensures customized financial planning and implementation
- Flexible fee structures including fee-only, commission, and consulting options
- Access to a wide range of financial solutions without proprietary product constraints
- Specialized expertise in retirement plan design for businesses and individuals
Associations and certifications
- FINRA
- SIPC
Services
Retirement Planning
Our retirement planning service helps clients estimate required income, develop sustainable withdrawal strategies, and implement tax-efficient distribution plans. We analyze Social Security optimization, pension options, and healthcare costs while considering market conditions. The process includes regular portfolio rebalancing and adjustments to ensure long-term sustainability through various economic cycles.
Investment Management
We create customized investment portfolios using low-cost index funds, actively managed assets, and alternative investments. Our approach combines risk assessment with strategic asset allocation across stocks, bonds, and real estate. We provide ongoing monitoring, tax location optimization, and performance reporting through secure online platforms with quarterly statements and annual reviews.
401(k) Services
We assist businesses with retirement plan design, vendor selection, and compliance monitoring. Our services include fiduciary support, participant education, and plan implementation for 401(k), SEP-IRA, and Cash Balance Plans. We help employers meet regulatory requirements while optimizing benefits for employees through customized investment options and reporting tools.
Estate Planning
Our estate planning service focuses on asset distribution strategies, tax minimization, and legacy preservation. We coordinate with legal professionals to implement trusts, charitable giving strategies, and beneficiary designations. The process includes regular reviews to ensure alignment with changing family circumstances and evolving tax regulations.
College Savings Planning
We provide comprehensive college planning from early cost estimation to financial aid optimization. Our strategies include 529 plan analysis, Coverdell ESA options, and alternative savings vehicles. We help families navigate scholarship opportunities, student loan planning, and tax-efficient withdrawal strategies while balancing retirement savings priorities.
People
John Scanlon
Financial Advisor
John Scanlon holds the Accredited Investment Fiduciary designation with Series 7 and 66 registrations. He specializes in retirement income strategies and portfolio management for individuals and businesses.
Matthew Schmit
Financial Advisor
Matthew Schmit brings Accredited Asset Management Specialist expertise to client portfolios. He focuses on investment selection and retirement planning with comprehensive financial solutions for families.
James Schmit
Financial Consultant
James Schmit offers retirement planning and insurance solutions with securities licenses and life/health insurance expertise. He helps clients implement customized financial strategies.
Reyna Santana
Client Service Associate
Reyna Santana provides remote administrative support with over five years of financial services experience. She manages client communications and operational tasks from California.
Kim Sherwood
Branch Manager
Kim Sherwood has 15+ years in financial services as a branch manager. She oversees advisor operations and delivers corporate financial solutions through Cetera networks.
Questions
What financial services do you specialize in?
We specialize in retirement planning, investment management, college savings strategies, estate planning, and business retirement plan design.
Are you fiduciaries?
Yes, we operate as fiduciaries, prioritizing client interests through transparent, conflict-free financial planning and investment management.
Do you work with out-of-state clients?
While based in Illinois, we serve clients nationwide through virtual meetings and digital communication tools.
What retirement plan options do you support?
We support 401(k), SEP-IRA, Simple IRA, Cash Balance Plans, and Illinois Secure Choice, helping businesses choose optimal solutions.
How are your fees structured?
We offer flexible fee structures including advisory fees, commissions, and consulting arrangements tailored to client preferences.
Can you help with insurance needs?
Yes, we provide life insurance analysis, annuity solutions, and risk management strategies as part of comprehensive financial planning.
