Planning your financial future is a difficult task, regardless of how much money you have. So it’s a relief to know that the greatest financial planners in Toronto can assist you achieve your long-term financial objectives.
In This Article
If robo-advisors aren’t cutting it for you right now, you may always seek tailored, holistic guidance from any of the firms listed below. Let’s check them out.
How Much Do Financial Planners Cost in Toronto?
Before we get to the planners, let’s look at how much they cost in Toronto.
Financial advisors are paid in two ways: a flat fee (hourly or annual) or based on the amount of money they manage for you.
Hourly costs range from $200 to $400, and flat annual payments (known as retainers) range from $2,000 to $7,500.
Payments based on your assets are typically around 1% for in-person financial advising, however this percentage decreases as your wealth increase.
Online financial planning services are typically less expensive, ranging between 0.30% and 0.89%, or a fixed annual charge of roughly $400.
The Best Financial Planners in Toronto
The values in the previous section are estimates based on an average. The cost of a financial planner’s services might vary greatly.
It’s really just an issue of determining what you can afford and what you believe is a reasonable return on your investment. To that purpose, our notes on each planner may be helpful!
1. Merrick Financial Inc
SERVICES | Financial planning, retirement planning, business owner advice, investment analysis |
WEBSITE | https://www.merrickfinancial.ca/ |
ADDRESS | 53 Coleridge Avenue, Toronto |
CONTACT DETAILS | (416) 822-1702 chris@merrickfinancial.ca |
OPERATING HOURS | Mon- 8:30am to 5pm Tues; 12-4pm Wed and Fri – 9am – 5pm Thurs – 9:30am to 2pm Close on Weekends |
Merrick Financial Inc is a feasible option for anyone looking to start a business or seeking business owner advice. Aside from typical financial plans, Christopher Merrick is knowledgeable about business structures, tax rates, salary vs. dividends, and has extensive private business experience.
Managing a company’s finances may be difficult, to say the least, especially if you already have a lot going on. Chris can assist you with assessing your risks, making sound investments, and planning ahead of time if you want your children to inherit your firm.
Chris frequently collaborates with professionals and retirees on regular financial planning. You and your spouse can meet with him via video conference to discuss how to optimize your immediate and long-term savings, investments, and plans.
Prices begin at $2,500 for financial or retirement planning, and $3,000 for business owners.
What we admire about Chris is that he recognizes that most Torontonians have access to high-quality financial advice through banks and investment firms. He distinguishes himself by outperforming these institutions by providing objective counsel rather than selling financial items.
Pros
- Affordable
- Available case studies for reference
- Set fee options
- Business slant
Cons
- Extra fees for constant communication
Customer Reviews
Here’s what current Merrick Financial clients are saying about Chris’ services:
Planning a move to another country may be tremendously intimidating, but Chris’ straightforward, objective approach helped to keep me focused and grounded with a practical and comprehensive financial plan that I will use for many years. He took the time to get to know me as a person, which made the recommendations and action plan more relevant, intelligent, and tailored to my unique position and temperament. Working with Chris eased a lot of tension and gave me the confidence and clarity I needed to go on the next exciting phase of my life. Thank you, Chris! Your assistance was crucial!
— Marissa Scannura
Chris did an excellent job at establishing my financial goals and breaking them down into actionable stages that seemed extremely attainable. His report was extensive, and he was quite informed. I found the entire procedure to be quite straightforward, and I am secure in moving forward with my finances.
– Brent McLeod
2. Frontwater Capital Inc.
SERVICES | Financial planning, retirement planning, estate planning, divorce planning, investments (RRSPs, TFSAs, RRIFs), GICs, business advice, personal and corporations. |
WEBSITE | https://www.frontwater.ca/ |
ADDRESS | 1920 Yonge Street, Suite #200 Toronto Ontario M4S 3E2 |
CONTACT DETAILS | Phone: 416-903-9195 E-Mail: invest@frontwater.ca |
OPERATING HOURS |
Frontwater Capital, founded by Jeff Kaminker in 2007, is an independent wealth management firm that has subsequently served a number of affluent and high net worth households. In 2016, Frontwater moved beyond its close-knit client group, welcoming new clients.
It is frequently ranked as one of Toronto’s leading financial planning and investing firms. The company takes great delight in helping accomplished professionals, corporate executives, and business owners achieve their long-term goals.
Long-term financial goals.
Their holistic approach, outstanding boutique experience, and staff of highly qualified experts are what distinguishes them. They also assess risks and lifestyle goals to develop a personalized financial strategy for your scenario.
In addition to financial planning, their team of professionals advises clients on everything from investments and estate planning to tax and insurance solutions.
Their attention is focused on you, regardless of your goals or stage of life. Their guidance is also free of the “conflicts of interests” that are common with huge financial institutions.
Pros
- Highly reputable company
- Has a team of CFAs
- 20+ years of experience
- Comprehensive planning services for both individuals and families
- Personalized Services
Cons
- Can get pricey
Customer Reviews
Some people have said the following about them:
“We have been Frontwater Capital’s clients for over 12 years. Jeff Kaminker and his colleagues outperformed our expectations in practically every way. He takes the time to get to know his clients and gives us confidence that our financial objectives are well understood. We also appreciate Jeff’s role as a fee-only investment advisor. We feel quite secure knowing that Jeff is on our side. – Bernard Chan, CEO; Jennifer Chan, Associate Director.
“I’d want to express my satisfaction with the service that Frontwater Capital has provided over the last several years. Jeff Kaminker has been in charge of managing my investment and personal pension portfolios, which he has done with tremendous expertise, care, and exceptional outcomes. I highly suggest his expert skills to anyone seeking sound, unbiased financial counsel.” -S Brown, CEO of Genuine Health.
3. Bilyk Financial
SERVICES | Summary of services, investment management, insurance, legacy planning, risk management, tax planning, and group benefits. |
WEBSITE | https://bilykfinancial.com/ |
ADDRESS | 4769 50 Ave, Vegreville, AB T9C 1L1, Canada |
CONTACT DETAILS | hello@thebilykteam.ca 780-632-6770 |
OPERATING HOURS | Monday – Friday, 9:00 AM – 5 PM |
Bilyk Financial is noted for its long-term customer relationships and personalized services. They are one of Toronto’s greatest financial planners, with a 99% customer retention record and over five decades of experience in the industry.
One of the best things about them is that you can be confident that your investment will yield benefits. After all, they’re affiliated with Aligned Capital Partners and endorsed by the National Bank Independent Network (NBIN).
Another thing we liked about Bilyk Financial was their process-oriented approach, which allowed them to deliver consistent outcomes for their clients. They can even assist you in developing a tax strategy that aligns with your financial aims and objectives.
Bilyk Financial uses an institutional-grade investment management technique that is tailored specifically to your needs. Most advisors begin by allocating funds to various asset classes, then fill the “buckets” with individual assets. They take the opposite approach: they begin with a set of strategies, analyze them based on returns, volatility, and correlations, and then construct a portfolio that combines them in the way they believe would best suit their clients’ goals.
In practice, this means moving away from the old stock-bond paradigm and toward alternatives, which can be especially effective for generating income in the current situation. Each portfolio will include exposure to a variety of investing strategies, including public equities, private equities, fixed-income, private real estate, private infrastructure, private credit, and commodities.
They think that constantly adhering to their investment philosophy and process will result in above-average, long-term, risk-adjusted returns for investors.
Overall, we strongly recommend Bilyk Financial. They are quite open about the costs they charge, and they have many long-term delighted consumers, demonstrating the high quality of services they deliver.
Pros
- Process-oriented approach
- 50 years of experience
- Offers free financial consultation
Cons
- Requires a call or appointment for more information
Customer Reviews
They offer professional guidance and services.
“I’ve been a client of Adam and Joe for more than 12 years. Since the beginning, the relationship has been really great. They offer excellent advice and service, and they are always willing to answer questions or solve any problems I may have. Looking forward to the next twelve years!” — Darryl Vinet
Impressed by their customer service, responsiveness, and optimistic approach.
“We’ve worked with Adam and Joe for several years and have always been satisfied with their customer service, timeliness, and positive attitude toward handling our investments. They absolutely distinguish out among financial counselors, in our opinion.” — Mark Corkery
4. BlueAlpha Wealth
SERVICES | Financial Needs Analysis Retirement Planning Group Benefits and Group RRSP for employees Investment Management Business Owner financial needs analysis and planning. Disability Insurance Life Insurance |
WEBSITE | https://bluealphawealth.ca |
ADDRESS | 101 Duncan Mill Rd, Suite 108, Toronto, ON, M3B 1Z3 |
CONTACT DETAILS | (416)966-0606 1-877-494-0701 (Toll-Free) hello@bluealphawealth.ca |
OPERATING HOURS | Monday – Friday 9 am to 6 pm; Saturdays by appointment; Virtual meetings available |
BlueAlpha Wealth is a Toronto-based financial advisory service that strives to help customers understand where they stand today by advising on how to best manage their cash flow while keeping an eye on future retirement income demands and planning for potential health hazards.
Carter Njovana is the primary financial advisor, with 17 years of experience in financial markets, wealth management, and life and disability insurance planning. According to what we understand and have seen in evaluations, Carter is simple to talk to and meets people where they are so they feel confident and in control of their situation, emphasizing clarity and knowledge.
According to the website and client testimonies, they deal with clients from many disciplines and walks of life, from beginners to executives and business owners with sophisticated financial needs planning. They would gladly supply their services if you are serious about managing your funds and saving for the future.
BlueAlpha Wealth provides a wide range of services, including advising you on how to best manage your cash flow and identifying any gaps, risks, and opportunities in your investments and overall planning.
Don’t worry if you live outside of Toronto or travel regularly. BlueAlpha Wealth accommodates clients regardless of their location; all you need to do is schedule a consultation over the phone, through their website calendar booking, or by email, and then go from there. As the saying goes, “Advice is only as good as the person you ask”.
Pros
- Quick and easy booking process
- Wide range of financial services
- No cost for initial interview and discussion
- Serves clients outside of Toronto
Cons
- Small team
Customer Reviews
Check out these positive Google reviews for financial advisor Carter Njovana and Blue Alpha Wealth:
“I’ve been working with Carter for a year and have consistently recommended him to friends and family. Very approachable, nonjudgmental, encouraging, proactive, and incredibly knowledgable. Carter has helped me build confidence in my abilities to understand, regulate, and make financial decisions, as well as get enthusiastic to study more in the future. I am really appreciative for his encouragement, politeness, and generosity with his time and knowledge. I like our interactions and learn a lot from them. They are also enjoyable. 🙂 Thank you so much, Carter!” – Valerie M., Toronto
“Mr. Njovana is a devoted advisor who works hard for his clients and is quite informed about finance and investing. He is never aggressive, always delivers careful advice and respects a client’s own goals and judgments. Above all, Mr. Njovana is a person of integrity and honesty who is committed to caring for and serving the needs of each individual, regardless of how large or small their investments are. I strongly endorse his services!” – David Lee, North York.
“Carter is really accommodating and resourceful. I’d recommend him to anyone searching for insurance or investments. Keep up the wonderful effort, Carter, and stay safe!” – Marcello Petricca, Brampton.
5. Kurt Rosentreter Financial Advisor and Wealth Management
SERVICES | Financial planning, insurance planning, investment advisory, career transitioning planning, divorce financial planning |
WEBSITE | https://kurtismycfo.com/ |
ADDRESS | 3 Church St. #302, Toronto ON M5E 1M2 |
CONTACT DETAILS | (416) 628-5761 ext. 0 |
OPERATING HOURS | Monday to Friday: 8:30am-5:30pm |
Kurt Rosentreter, a CFP with an exceptional resume, supervises a team of six other highly certified financial advisors. For over 25 years, they have served both individuals and organizations, including the world’s major banks and insurance providers.
Because you are most likely in the first group, you may be pleased to learn that your initial contact with Kurt and his colleagues will be gratis. They want to learn about you, your assets, and your ambitions in order to determine if there is a potential working connection.
If you both agree it’s a good fit, they’ll manage your life insurance policy and create a thorough retirement plan for you. If you’re serious about investing, Kurt and his team can create a tax-efficient, high-value, and risk-managed portfolio based on your risk profile.
We love that they keep up with the trends and allow their clients to select how they wish to interact. You can arrange frequent calls, online meetings, and emails, all of which can be done from your phone.
If you’re worried about the expense, Kurt’s firm is one of the few that offers a variety of price options. Because each financial circumstance is unique, they should have the appropriate value offer for you.
Pros
- Keeps plans up-to-date
- Has published books
- Works as personal CFO
Cons
- Higher rates than most
Customer Reviews
Kurt Rosentreter and his team is highly-rated, with a perfect 5-star rating on Google Reviews. Here are the most recent ones:
“I met Kurt around ten years ago while he was teaching a finance course that I was taking. I was so impressed by his abundance of expertise that I knew I wanted him to manage my money.Today, I’m still as impressed. Kurt and his colleagues are very informed and competent. They constantly examine my portfolio to ensure that it is appropriate for me. He has assisted me in developing a robust financial portfolio that I am very satisfied with.I would highly suggest Kurt and his staff to help you expand your portfolio.”
— Michele Guglielmi
“Kurt is practical and realistic, telling you what you need to hear rather than what you want to hear. He has been my valued advisor for 15 years. If you’re serious about growing money (rather than getting rich quickly), I definitely recommend Kurt and his team.”
— Lawrence Mandel
6. Buxton Financial
SERVICES | Private corporate strategy, inheritance management, pension decisions, divorce settlements, retirement income planning, tax planning, business succession, risk management, asset management |
WEBSITE | https://www.buxtonfinancial.ca/# |
ADDRESS | 150 King Street West Suite 232, Toronto ON M5H 1J9 |
CONTACT DETAILS | (416) 628-4502 letschat@buxtonfinancial.ca |
OPERATING HOURS | Monday to Friday: 9:00am-5:00pm |
If you prefer fixed-fee financial planning services, Buxton Financial is the best solution for most consumers. They may be the more cost-effective option for managing big sums of money over time.
Marlene Buxton is open about the expense of her financial planning products. Their normal one is priced at $3,895, which is reasonable for most individuals and couples.
The more seasoned couple who is truly considering retirement has a sophisticated package set at $5,295. If you have a lot of assets and need in-depth strategy, their premium package costs $6,495.
Of course, your needs will be considered at the initiaConsnsultation. What you need may not be included in these pre-packaged options, thus she is happy to arrange bespoke payment plans for those with unusual financial situations.
We admire Marlene’s sole focus on retirement, which she divides into three stages: restart, relax, and reflect.
These represent early, middle, and late retirement, respectively. They can help you budget for future vacation, hobbies, house improvements, medical bills, and charitable contributions.
We believe that her costs are well worth not having to worry about paying for these items in the future. If you agree, schedule a complimentary session with Marlene to discover if she is a good fit.
Pros
- Retirement emphasis.
- Fixed fees only.
- highest score on the CFP exam in 2015.
Cons
- The sole CFP in the firm
- Can be difficult to schedule a consultation with at times.
Customer Reviews:
Check out these positive reviews made for Buxton Financial.
“Buxton Financial developed a Financial Plan that was tailored to our specific circumstances and outlined a long-term retirement strategy. This plan will serve as a framework for us to make more comfortable and stress-free financial decisions.
Marlene was very thorough, provided outstanding knowledge transfer, and assisted us with some crucial financial decisions.”Thank you, Marlene!”
– Baldy Gary
“The readiness to promote a product or service is a good indicator of client happiness. We’ve done just that with coworkers, and we’ve provided Marlene’s financial planning services to each of our three adult sons, all of whom are already financially competent. Marlene excels at what she does.
She is at ease when discussing and explaining. She is an expert in her field and creates a professional, well-thought-out, and practical report. She makes a point of truly understanding you, the client. She enjoys what she does, and when you combine that with exceptional proficiency for a service that people require, you get a winning formula.”
– Richard Hammel
7. Caring for Clients
SERVICES | Hourly consultations, wealth management, financial plans for individuals, couples, and business owners |
WEBSITE | https://www.caringforclients.com/ |
ADDRESS | 69 Yonge Street 2nd Floor, Toronto ON M5E 1K3 |
CONTACT DETAILS | (416) 363-8500 |
Rona Birenbaum created Caring for Clients back in 2000. She now heads a team of six financial advisors, each with considerable corporate experience.
CFC is rather open about their $300 houConsfee, which is on the higher side. Hourly sessions are ideal for people who already have a financial plan.
The advisor will identify gaps and modify your plan to align with your new goals. We recommend making a list of specific questions to ask your CFC advisor so that you receive your money’s worth.
If you don’t already have a financial plan, you can create one with a CFC advisor from scratch. The team is specifically focused on debt elimination, therefore it will most likely be addressed first.
If you develop a professional connection with a CFC adviser, you may always choose a full personal plan that includes advice. This costs approximately $4,500 and covers wealth management, retirement planning, risk management, and other services.
Pros
- Access to a team, not just one advisor.
- Transparent about rates
- Option to upgrade to financial planning.
Cons
- Expensive
- Has to contact other specialists for areas beyond their specialty (medical, business, etc.).
Customer Reviews:
Below are two of the most recent Google reviews for Caring for Clients:
“I had a wonderful experience with Rona. I now grasp several things that I did not previously understand, and I have a new investment approach. I was quite happy with the customer service, and everyone was very friendly. I thought it was also vital to note that in an industry where everyone is attempting to sell you their investments, it’s critical to seek advise from someone who isn’t biased toward a particular sort of investment. I believe this company performs a vital job. I believe that while Caring For Clients is not affiliated with a bank and does not try to offer you certain assets, the information they provide is of excellent quality.”
– Na Na
“I’m not sure what we would do without Rona and the rest of the Caring for Clients team. They have been our most reliable source of information and advise on all key financial decisions. We understand that Rona’s top objective while dealing with us is our financial well-being. Her kindness and knowledge helped me overcome my financial overwhelm and realize it wasn’t as complicated as I thought. I still need her assistance, but she’s made me realize that it’s not as frightening as it appeared.”
— Dan Trommater
8. Edward Jones – Financial Advisor: Ryan M. Henderson
SERVICES | Retirement income strategies, retirement saving strategies, estate & legacy strategies, intergenerational planning, socially conscious investing, charitable giving |
WEBSITE | https://www.edwardjones.ca/ca-en/financial-advisor/ryan-henderson |
ADDRESS | 150 York Street Suite 912, Toronto ON M5H 3S5 |
CONTACT DETAILS | (416) 485-5484 |
OPERATING HOURS | Monday to Friday: by appointment only (works evenings) |
Edward Jones is an investing firm that offers clients access to hundreds of financial experts. We reviewed their Toronto charter and discovered that Ryan Henderson is the most highly rated.
Ryan works with a wide range of clients, including serious investors and retirees. He concentrates on optimizing retirement income to ensure that you have a comfortable and worry-free future.
He has a crew behind him, so he can handle numerous accounts at once. As an investment specialist, he can teach you a lot about personal finance and how to put your savings to good use.
Ryan is renowned as a patient educator, which is a sign of a great financial advisor. Regarding the cost of his services, Edward Jones normally provides fee-based advisers with a beginning price of 0.09%, which is comparable to the cost of a fancy Robo-advisor.
If investment is the most important aspect of your money, we believe Ryan is an excellent choice. He inspires trust and appears to have his clients’ best interests at heart, based on what his customers say about him.
Pros
- intergenerational planning
- Retirement emphasis.
- CFP since 2009.
Cons
- Sole CFP in the team.
- Ambiguous offerings.
Customer Reviews:
Check out these positive Google reviews for Ryan M. Henderson:
“My husband and I were sent to Ryan by some friends a few years ago, and we are extremely pleased with the level of service and growth of our investments. He cares about what is important to us and takes the time to explain everything. We would definitely suggest Ryan to anyone searching for competent investing advice.
– M Graham
“I’ve been dealing with Ryan for several years. He has done a great job for me financially, and I completely trust him. He cares deeply about his clients and works hard to create the greatest portfolio possible for them and their specific needs. I wholeheartedly suggest Ryan to any friend or family member.
– Barb
9. Rosedale Family Office
SERVICES | Financial planning, business & family advisory, will, estate, and trust planning, investment management, retirement planning, philanthropic planning |
WEBSITE | https://advisor.wellington-altus.ca/rosedalefamilyoffice/ |
ADDRESS | 10 Alcorn Ave Suite 300, Toronto ON M4V 3A9 |
CONTACT DETAILS | (647) 484-6869 |
OPERATING HOURS | Monday to Friday: 8:00am-5:00pm |
Rosedale Family Office is a team of financial experts. The majority of the members are financial advisors and tax specialists.
RFO is the greatest option if you have an estate to manage. Though they provide individual financial assistance, their services are mostly oriented toward families who need to plan for school and philanthropy.
Because they work with families on a daily basis, you can expect them to be able to handle unique financial problems and assist you in determining the best course of action as your family’s finances progress.
However, they do have in-house counselors that are more experienced with commercial endeavors. You’re still protected if that’s your first concern.
The only thing that disturbs us about RFO is that they are affiliated with the National Bank of Canada, which leads us to believe that they may push financial goods on their consumers.
They promise to only provide fully independent, objective advise, but it is up to you to determine your advisor’s true intentions.
Pros
- 14 members can manage larger and more complex workloads.
- Smooth transition from personal to business finance.
- 100+ years of combined experience.
Cons
- Customer service could be improved.
Customer Reviews:
Check out what Rosedale Family Office clientele have to say about their services:
“Working with the team, Rocky/Tasha/Adam & Jesse, has been a fantastic experience. They supplied my family with a comprehensive financial plan, including tax and estate planning. A full-service organization that does not adopt a one-size-fits-all approach and is extremely inventive.”
— Miranda Tawfik
“After extensive study and meetings with various financial advisors since moving to Toronto three years ago, I finally met with Rocky. I have never felt more at ease as a female investor in the stock market. He delivers exceptional service and instruction. I’ve never had such personalized treatment from a financial counselor before. If you’re looking for someone who is approachable, patient, and passionate about his work, and who honestly wants to help you, I definitely recommend Rosedale Family Office. I will be a client for the long term.”
— Miranda Popen
10. Kismet Wealth Group Corp.
SERVICES | Wealth management, real estate & development, mortgages & financing, tax filing & bookkeeping |
WEBSITE | https://kismetgroup.ca/ |
ADDRESS | 145 Front Street East Suite 107, Toronto ON M5A 1E1 |
CONTACT DETAILS | 1-855-683-4381 info@kismetgroup.ca |
OPERATING HOURS | Monday to Friday: 9:00am-9:00pm |
If you’re in the big leagues, you’re likely seeking for comprehensive financial assistance in the form of wealth management. Affluent people prefer a more comprehensive approach to their assets, which is what Kismet can offer.
First, the team examines their clients’ goals and devises strategies to attain them. Implementations and adjustments will then be tracked during the ongoing management.
KWG offers high-net-worth individuals the ability to monitor their financial condition at any moment. They feature Client Portal where you may manage your plans and communicate with your advisors.
It is well knowledge that the wealthy rarely file their taxes. Such a task falls to organizations like KWG, which can file taxes, manage payroll, and compile financial statements.
Furthermore, KWG focuses on increasing wealth and has extensive experience in this field. It is worth noting that Kismet keeps 95% of its clients, which is a true testimonial to the quality of their services.
Pros
- Ideal for high-net-worth families, medical and legal professionals, and businesses.
- Client portal
- Has an in-house real estate team.
Cons
- No flat rate
11. Parkhouse Financial
SERVICES | Investments, insurance, tax-efficient solutions |
WEBSITE | http://www.parkhousefinancial.ca/ |
ADDRESS | 121 Richmond St W #501, Toronto ON M5H 2K1 |
CONTACT DETAILS | (416) 838-3617 |
OPERATING HOURS | Monday to Friday: 9:00am-4:30pm |
If investing is your first priority, Nathan Parkhouse is one of the greatest chartered investment managers around. He can plan your financial future based on your chosen investments, taking into accoConsrisks, returns, reporting requirements, and costs.
If you work with him, you may expect to receive consolidated statements four times a year, allowing you to monitor the performance of your investments. Most investors cannot remain passive in their financial decisions, so receiving these updates is critical.
Parkhouse Financial likewise views life insurance as an investment. Permanent life insurance plans are recognized as assets to help diversify your balance sheet.
If you already have a sizable nest egg, Nathan’s tax-efficient solutions can help you maximize your wealth. We enjoy the ability to invest additional money in GICs, which protects your heirs and preferred organizations.
Overall, we believe that Parkhouse Financial offers a straightforward financial planning solution for anyone seeking to react to future market developments. They even provide a site where you may access your portfolio at any time.
Pros
- Online portal
- Investment slant
- 30-plus years of experience
Cons
- Outsources work to accountants, attorneys, and mortgage advisors.
Customer Reviews:
Check out what these two Parkhouse Financial customers have to say about Nathan’s services:
“We’ve been working with Nathan for more than 5 years and have found him and his team to be exceptional. They offer well-thought-out advise on both strategy and investing, and they are constantly responsive to any comments, queries, or concerns brought their way. I would strongly suggest them to anyone seeking a competent, dependable investing team. Thank you, Nathan and gang!”
— Attilio Commisso
“Nathan has been our financial planner for the past six years, and his advise and service have been exceptional. He is frequently in contact with my wife and me about our investments and current market trends. I have suggested him to both family and friends, and I will continue to do so because I have only heard positive feedback.”
— Michael Sugar
12. Kind Wealth
SERVICES | Financial planning, advice meetings, portfolio check-up, investment consultations |
WEBSITE | https://kindwealth.ca/ |
ADDRESS | 2 Prennan Ave, Etobicoke ON M9B 4B6 |
CONTACT DETAILS | (289) 812-9912 bekind@kindwealth.ca |
OPERATING HOURS | Monday to Friday: 9:00am-9:00pm |
Kind Wealth ought to be appreciated for their transparency. All of their services are established at fixed costs, which is particularly notable if you’re concerned about some company siphoning hidden fees from your accounts.
KW’s hourly rate for financial advising appointments is $249, which you can schedule if you wish to discuss your most important financial concerns. For an extra $50+HST, you can receive a follow-up summary report that you can use when you’re ready to make your next financial decision.
Do you also have an investing portfolio that needs to be reviewed? KW may perform a quick diagnostic on your IP to determine whether you’re taking adequate risks and using the appropriate account types.
If you discover that you like what KW is all about, you can put them on a monthly retainer for only $149-299. That includes a detailed financial strategy with follow-through!
KW appears to be living up to their name by teaching people about their finances in an honest and compassionate manner. If you want to learn more about them, they have a podcast with the same name.
Pros
- Flat pricing with no hidden fees.
- No commissions.
- Free initialConssultation for financial planning.
Cons
- Just two in-house CFPs.
Customer Reviews:
Here’s proof that Kind Wealth is actually out there attempting to do good:
“I had a really positive experience with Kind Wealth. David took his time with me, answering all of my inquiries. Some institutions provide boilerplate solutions to financial problems, whereas David gave a highly personalized experience.”
— Colin R.
“We’ve been utilizing this service for two years now. They have taken a holistic approach to our financial well-being, assisting us in ensuring that we have considered all aspects. Shay, our Planner, has been fantastic; she is not only incredibly knowledgable, but she also has a great deal of empathy. We’ve had the impression that she genuinely wants to grasp who we are, what we’re all about, and thus see the big picture of our financial demands. She gives us impartial advise, which is quite unique because she receives no commissions, kickbacks, or incentives. She works for us and offers the greatest counsel for us. We strongly recommend Kind Wealth to anyone looking to gain control of their financial ecosystem and feel secure that they have a plan.”
— Justyn Szymczyk
How to Choose the Right Financial Planner
Now that you’ve identified the top financial planning alternatives, let’s look at how you may choose the best one to map out your financial future.
1. Determine which aspects of your finances require assistance.
Before meeting with a financial advisor, determine which aspects of your finances require assistance. You should be prepared to outline your specific money management requirements at your initial appointment.
It’s vital to remember that financial planners do more than just provide investing advice. The appropriate financial planner can help you map out a strategy for meeting all of your financial goals.
2. Find out how they make money.
There is no federal legislation governing who may use the term of financial planner or provide financial advice. While many people claim to be financial advisors, not all of them are concerned with your best interests.
Regardless matter which planner you choose, be sure you understand how they earn money. This allows you to determine whether their recommendations are beneficial for you—or their pocketbook.
3. Select the services you want.
You can need everything from investing assistance to debt management. Taking advantage of a plan that includes more than you require is not the best decision.
Make sure the financial adviser you hire offers the services you need for both your financial and non-financial lives.
4. Determine what you can afford.
Until recently, financial advisors charged a fee based on the assets they managed for you. Planners now provide a variety of price options, making their services more accessible to customers with varying financial backgrounds.
You could choose advice-only or fee-based planners who can work within your budget. After all, their services should help everyone, not just the wealthy.