The need for financial advisors has grown exponentially as millions of baby boomers begin to retire and look for retirement security. With an influx of young and affluent wealth, Millennials are taking after their parents and also seeking financial advisors to help them make wise financial decisions. However, there are over 1 million financial advisors in the United States. For major cities such as Chicago, this problem is exacerbated by a high density of financial advisor options. With money management being so important, it is imperative for residents of Chicago to find the best financial advisor possible. The following is a list of the top six financial advisors in the Chicago area.

1. Basil Financial Group

Basil Financial Group is a fee-only financial advisory firm known for offering unbiased financial planning to clients. Due to the fact it is fee-only, the company sells no products and does not receive any commissions. Rather, Basil Financial Group charges its clients an annual fee, which covers any meetings and also grants clients full access to advice from the company. Lois Basil, the company's principal, is a Registered Investment Advisor with a track record of running successful financial businesses. She ran her own Chicago-based accounting firm for more than 13 years prior to starting Basil Financial Group.

2. Blueprint Wealth Advisors, LLC

Blueprint Wealth Advisors is an advisory firm that aggregates independent wealth advisors. This means that while each of these independent wealth advisors is under the Blueprint Wealth Advisors banner, clients have their own advisors. The company relies on over 20 years of combined experience to help its clients meet financial goals and objectives. It is also a partner with the Commonwealth Financial Network, which was a recipient of the 2014 J.D. Power and Associates "Highest in Independent Advisor Satisfaction Among Financial Investment Firms" award. The company uses the Commonwealth Financial Network as its broker/dealer.

3. CLA Financial Advisors

CLA Financial Advisors is a company comprised of senior staff members with more than 30 years of combined financial planning and wealth management experience. Due to this experience, CLA Financial Advisors' clients range from high-net-worth individuals to high-powered business owners and executives.

4. Crescendo Financial Planners

Crescendo Financial Planners is a fee-only financial planning and advisory firm and, therefore, it does not receive fees or commissions from third parties. Similar to Basil Financial Group, Crescendo Financial Planners charges an annual retainer for the full use of its services. Taking a holistic approach, the company offers financial education to its clients as part of its main goals and objectives. Focusing on its clients' goals, the firm seeks to integrate all areas of a person's financial life, understanding that an individual's unique beliefs and attitudes impact specific financial decisions.

5. D3 Financial Counselors

D3 Financial Counselors is a company comprised of independent, fee-only, fiduciary financial planners, wealth managers and financial advisors. Since each of the company's officers and staff members are fiduciaries, no one receives compensation from third parties. Similar to other fee-only advisers, this makes its financial advice and decision-making reliable and unbiased. The company has a strict focus on ethics, education and experience, using those core principles to add value to its clients. D3 Financial Counselors regularly employs staff with high-level professional designations.

6. DeRose Financial Planning Group

DeRose Financial Planning Group delivers holistic and practical financial advice, having provided experienced investment management for over 19 years. The company services private clients as well as organizations, with clients ranging from individuals and families to businesses. It offers planning and advisory services that include individual planning, business planning and investment management. DeRose Financial Planning Group services the greater Chicagoland area.

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