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BBB Accredited Business since

Monotelo Advisors

Additional Locations

Phone: (312) 757-5151 View Additional Phone Numbers 2205 Point Blvd  Ste 175, Elgin, IL 60123

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Monotelo Advisors is a tax and wealth management firm located in Chicago and Elgin, IL that serves individuals throughout the United States. The name Monotelo comes from the Greek words “Monos” (meaning ONE) and “Telos” (meaning MISSION or PURPOSE).

Monotelo’s one mission is: To make a difference with meaningful and actionable financial solutions that positively impact their clients’ lives.

Whether it’s something as basic as a tax planning strategy that increases a family’s cash flow to help ease their financial burdens, or something as complex as a structured financial vehicle that helps a wealthy entrepreneur retain a higher percentage of their earned income, Monotelo exists to make a difference with tax and financial expertise that positively impact people’s lives.

Visit to learn more about their services or contact the company at to schedule a tax or planning conversation.

BBB Accreditation

A BBB Accredited Business since

BBB has determined that Monotelo Advisors meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.

Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Customer Complaints Summary

0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 0
Total Closed Complaints 0

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Monotelo Advisors
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: April 18, 2012 Business started: 04/29/2011 in IL Business started locally: 04/29/2011 Business incorporated 04/29/2011 in IL
Licensing, Bonding or Registration

This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

These agencies may include:

Financial Industry Regulatory Authority

Internal Revenue Service
230 S. Dearborn St. 17th Floor, Chicago IL 60604
Phone Number: (312) 566-4912

Illinois Department of Financial and Professional Regulation
100 W. Randolph, 9th Fl, Chicago IL 60601
Phone Number: (312) 814-4500

Type of Entity


Business Management
Mr. Jim Richter, Owner
Contact Information
Principal: Mr. Jim Richter, Owner
Business Category

Tax Return Preparation Taxes - Consultants & Representatives Taxes - Enrolled Agent Financial Planning Consultants Certified Financial Planner (CFP) Financial Services Managed Futures Accounts Accountants - Certified Public Accountants Accounting & Bookkeeping General Services Accounting Services Payroll Service Tax Reporting Service Other Accounting Services (NAICS: 541219)

Alternate Business Names
Monotelo Advisors, Inc Monotelo Advisors, Inc

BBB Customer Review Rating plus BBB Rating Overview

BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience Value
Positive Review 5 points per review
Neutral Review 3 points per review
Negative Review 1 point per review

BBB letter grades represent the BBB's opinion of the business. The BBB grade is based on BBB file information about the business. In some cases, a business' grade may be lowered if the BBB does not have sufficient information about the business despite BBB requests for that information from the business.

BBB Letter Grade Scale

BBB Rating Value
A+ 5
A 4.66
A- 4.33
B+ 4
B 3.66
B- 3.33
C+ 3
C 2.66
C- 2.33
D+ 2
D 1.66
D- 1.33
F 1
NR -----
Star Rating scale

  Average Score
5 stars 5.00
4.5 stars 4.50-4.99
4 stars 4.00-4.49
3.5 stars 3.50-3.99
3 stars 3.00-3.49
2.5 stars 2.50-2.99
2 stars 2.00-2.49
1.5 stars 1.50-1.99
1 star 0-1.49

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business' reliability or performance, and BBB recommends that consumers consider a business' BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.