Woodfield Financial Advisors, Inc. of Schaumburg

Woodfield Financial Advisors, Inc. is a financial planning firm in Schaumburg, Illinois. The firm serves anyone with financial questions, with particular focus on business owners, executives, and people who come into sudden money or inheritances. Its services cover investment strategy, tax management, retirement planning, insurance planning, college savings, and business planning that includes 401k options, health insurance, and buy-sell options. The firm holds a rating of 5.00 based on 57 reviews.

Woodfield Financial Advisors was founded by Jim Dobbs, who started Woodfield Planning Corp. in 1982 as a personal financial planning firm and added residential mortgages in 1986. The mortgage division was sold in 2011, and the financial planning division became Woodfield Financial Advisors, Inc., relocating to Deer Park, Illinois. The firm has served its clients for more than 42 years and is an SEC Registered Investment Advisor. It works independently, not for a bank, brokerage, or insurance company, and operates as a fiduciary, putting client interests ahead of its own. Most of its service is fee based, at 1% on assets managed or an hourly rate, with commissions received on some term-life insurance transactions. Its CERTIFIED FINANCIAL PLANNER professionals hold more than 47 years of combined experience, and the firm's own money is invested the same way as its clients'.

The firm describes its approach as simple, independent advice for complex financial needs, without jargon or complicated manuals. Clients share their goals and the firm builds a step-by-step plan to reach them, following a process of discovery, plan creation and review, implementation, and continued service by phone, email, and in person. It offers a flexible fee schedule, a no-charge initial meeting, and a choice of fee styles. Long-term relationships are central: one of its original financial planners, Don Monsen, is still with the firm 38 years later, and Jim Dobbs has guided clients for over 40 years.

Woodfield Financial Advisors is known for a strong local reputation reflected in consistently high customer ratings, along with a steady record of repeat and referred customers.