Wealth manager, independent · Springfield, IL
Sikich Financial
Sikich Capital Management LLC · SEC-registered investment adviser · CRD 142640 · SEC 801-110142
At a glance
Sikich Financial is an SEC-registered investment adviser based in Springfield, Illinois, with $1.2B in regulatory assets under management as of its Form ADV filed March 27, 2026. It reports 1,124 individual clients, 205 of them high-net-worth, holding an average of about $1.0 million each, and 22 employees. That ranks it 927th among the nation’s 5,657 independent wealth management RIAs and 37th of 226 in Illinois. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 217-862-1843sikich.comAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #927 of 5,657
- Rank among all SEC RIAs
- #4,892 of 17,210
- Rank in Illinois
- #37 of 226
- Individual clients
- 1,124
- High-net-worth clients
- 205
- Accounts
- 2,482
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 18
- Offices
- 11
Owners and executives on its Form ADV
- Robert A. PaoniChief Executive Officer
- Barry C. StarkChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Sikich Financial is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sikich Corporate Finance LLC.
- Sikich Corporate Finance LLC ↗CRD 149024
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed March 2026) names Osaic Wealth as the broker-dealer its advisers are registered with.
ons and risk tolerance. • Certain investment adviser representatives (“IARs”) of Sikich Financial are also licensed as registered representatives with Osaic Wealth, Inc. , a registered broker/dealer and member of FINRA and SIPC (“ Osaic”).
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 205 | $708M | 60% |
| Individuals | 919 | $406M | 34% |
| Charitable organizations | 26 | $59M | 5% |
| Corporations or other businesses | 14 | $7M | <1% |
Disciplinary disclosures
Sikich Financial reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sikich.com ↗
AtlasMembers
The full record on Sikich Financial
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 3,091 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| The Planning Center, Inc.Moline | $1.4B | 895 |
| KEB Wealth AdvisorsSpringfield | $1.3B | 662 |
| Chicago Oakbrook Financial GroupOak Brook | $1.2B | 1,336 |
| Evergreen WealthSpringfield | $1.2B | 573 |
| Lake StreetChicago | $1.2B | 598 |
| Arthur M. Cohen & Associates LLCNorthbrook | $1.1B | 189 |
Background
Questions
How much does Sikich Financial manage?
Sikich Financial reports $1.2B in regulatory assets under management across 2,482 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
How many clients does Sikich Financial have?
It reports 1,124 individual clients: 205 high-net-worth individuals and 919 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Sikich Financial headquartered?
Its main office is in Springfield, Illinois. It reports 11 offices in total and 22 employees, 18 of whom perform investment advisory functions.
How does Sikich Financial charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sikich Financial use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 27, 2026, it reports these amounts held: Fidelity ($84M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sikich Financial a hybrid RIA with a broker-dealer?
Sikich Financial is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sikich Corporate Finance LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Sikich Financial a fiduciary?
As an SEC-registered investment adviser, Sikich Financial owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 7 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Sikich Financial’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →