Sikich Financial
46yrs
Top advisor by experience in Springfield
29yrs
Based in Springfield, Illinois, Patrick Phalen is a fiduciary financial advisor with 29 years of industry experience. Patrick has been with Osaic Institutions since 2019; before that, Patrick spent six years at Momentum Independent Network. Osaic Institutions offers financial planning, investment management, and retirement plan consulting and is paid through a percentage of assets, hourly fees, and flat fees.
One of 239 advisors with offices in Springfield, and one of 226 fiduciaries.
At a glance
Experience29 years (since 1998)
How that compares ?Top 19% by experience in Illinois
Office322 E. Capitol Ave, Springfield, IL 62701
How the firm is paid ?Percent of assets, Hourly, Flat fee
Typical client at the firm ?$308,738
Advisors at the firm542
States licensed ?1 state
Services through Osaic Institutions
Financial planningInvestment management for individuals and small businessesRetirement plan consultingChoosing other investment managersEducational seminars and workshopsOther services
Specialties, designations like CFP®, and languages spoken appear here when advisors claim their profiles.
Licenses
Exams passed, from the official record. Tap a license to see what it allows.
Career
- 2019 – nowOsaic Institutions, Inc.Current firm
- 2013 – 2019Momentum Independent Network Inc.Previously
Questions to ask Patrick
Tailored to Patrick’s registration and firm.
- What's your succession plan, and who would work with me if you retire?
- At a firm this size, will I work with you directly or with a service team?
- What does a financial plan with you include, and how often is it updated?
- If you use outside managers, how are they chosen and what do they cost on top of your fee?
- Where would my money be held, and will I get statements directly from that firm?
- What would I pay in total each year, in dollars, including fund and trading costs?
My notes and scorecard
Sign in to keep private notes, score your first meeting, and track this advisor alongside others.
About Patrick
How do I contact Patrick?
Call Osaic Institutions at 203-599-6000 and ask for Patrick Phalen. Patrick works from the Springfield, IL office.
How long has Patrick been a financial advisor?
Patrick has been in the industry since 1998, about 29 years. Top 19% by experience in Illinois.
What licenses does Patrick hold?
Series 63, Series 65. Tap any license on this page to see what it allows.
Is Patrick a fiduciary?
Patrick is registered as an investment advisor representative, which carries a fiduciary duty when giving investment advice.
How is Patrick paid?
Osaic Institutions reports being paid by a percentage of the assets they manage, hourly fees, flat or fixed fees. Ask Patrick for your total yearly cost in dollars.
Official record as of October 3, 2026.
This profile is for information only and is not financial advice or a recommendation.
Other advisors nearby
KEB Wealth Advisors
45yrs
Top advisor by experience at KEB Wealth Advisors
Merrill
45yrs
Top 1% by experience in Illinois
Merrill
45yrs
Top 1% by experience in Illinois
LPL Financial
45yrs
Top 1% by experience in Illinois
Primerica Advisors
43yrs
Top 2% by experience in Illinois