Hiring a financial advisor can be intimidating. You need to find someone trustworthy to plan, manage and invest your assets to achieve your financial goals.
We researched the best financial advisors in Toronto to narrow your options of fiduciaries to protect your financial future.
Choosing a financial advisor in Toronto
While you can hire a financial advisor no matter where you are in life, major life changes often lead people to seek professional financial advice in Toronto, including:
- Getting a new job
- Having a baby
- Planning for retirement
- Managing an inheritance
- Preparing a legacy or survivor plan
- Saving for a child’s college fund
There are several benefits to hiring a financial advisor in Toronto. First, reputable financial advisors are more knowledgeable and experienced than most people, which means they know ways to save and invest that you might not even be aware of.
For example, having a financial planner review your life insurance policy could result in reduced premiums and better coverage.
What is the cost of a financial advisor in Toronto?
Financial advisors in Toronto all charge differently, but it’s important to know the difference between these pricing structures:
- Flat fees: a set price for a specific service
- Hourly rate: a price charged per hour of work
- Assets under management fees: a percentage of the money in your account charged monthly or annually
- Commission: a percentage charged when you make a trade or purchase
Here are the best Financial Advisers in Toronto
Below, please find the detailed review of each firm on our list of best financial planners in Toronto.
1. Merrick Financial Inc. - Fee-Only Financial Planner
We offer sound advice on how to lower fees, pay down debt and save to reach your short and long-term goals.
We want to help you so you are not intimidated in dealing with banks' salespeople and how to open a discount brokerage account.
Clients come to us when they have a big decision to make and are looking for advice (possibly an inheritance, consideration of a large purchase, changes in their business, tax problems, retirement, change in marital status, executive compensation questions, real estate questions, etc.)
Our goal is to provide complete clarity on all financial aspects of your life.
Our services are for all residents of Ontario regardless of income or asset levels. Their income and asset levels can be from "just getting started" to millions of dollars.
Services Provided
- Financial plan
- Retirement planning
- Investment analysis
Chris tailored a plan for me regarding how to make the best use of my money considering real estate/ stock investment allocation and how to minimize tax. He is responsive and even delivered the report even before the agreed date. Would strongly recommend Chris.
- Address: 53 Coleridge Ave, Toronto, ON M4C 4H4, Canada
- Website: http://www.merrickfinancial.ca/
- Phone: +14168221702
2. Parkhouse Financial
Since opening Parkhouse Financial in 2006, Nathan continues to pursue education to enrich the solutions he offers clients and currently holds some of the industry’s highest designations in wealth management:
- Certified Financial Planner (CFP®)
- Chartered Investment Manager (CIM®)
- Financial Management Advisor
Services Provided
- Investments
- Insurance
- Tax-Efficient Solutions
Both my husband and I have been with Parkhouse Financial for many years and are very pleased with Nathan's attention to our personal financial needs. He offers great suggestions and manages our portfolio in a professional yet caring matter. We would not hesitate to refer him - Parkhouse Financial to anyone, including family and friends. If you are looking for someone to offer great advice, recommend ways to gain better control of your financial needs, this is the place!
- Address: First Canadian Place, 1, Suite 5700, Toronto, ON M5H 2K1, Canada
- Website: http://www.parkhousefinancial.ca/
- Phone: +14168383617
3. Kurt Rosentreter Financial Advisor and Wealth Management
Kurt has long been recognized as one of Canada’s most established and credentialed financial experts on matters of investing, taxes, estate, retirement, comprehensive financial planning, and wealth management.
With more than twenty-five years of experience advising clients, seven published books on personal finance in stores and as an Instructor of Wealth Management courses for the Chartered Professional Accountants across Canada, Kurt brings academic expertise, an integrated planning approach, low fees, technically sound planning and a goal-based approach to your finances.
Services Provided
- Financial Planning
- Investment Management
- Insurance Planning
- Career-Transition Planning
- Divorce Financial Planning
- Millennial Financial Planning
Signing up with Kurt more than 15 years ago put me on a path to financial security. Kurt took the time to understand my investment goals, then leveraged his wide-ranging financial expertise and solid experience to design the right portfolio for me.
Through the years, he worked closely with me to update it as needed. He has been my go-to person for financial guidance. He is trustworthy, reliable, and easily accessible. He and his team embody competence, professionalism and top-notch customer service. Very highly recommended, indeed!
- Address: 3 Church St #302, Toronto, ON M5E 1M2, Canada
- Website: http://www.kurtismycfo.com/
- Phone: +14166285761 (ext 0)
4. Edward Jones - Financial Advisor: Aldo Lopez-Gil, CFP®|CIM®
We have developed and refined a process that focuses on learning and understanding what is most important to you.
Our established process provides discipline when building a personalized plan to reach your goals.
We keep clients accountable and on track towards their goals by having scheduled reviews.
We're focused on providing a client experience that exceeds your expectations and allows you to spend time on yourself, family, work, or enjoying retirement.
Services Provided
- Account Options
- Investment Products
- Solutions for Business Owners
- Wealth Strategies
- Insurance and Annuities
- Client Resource Centre
I would highly recommend Aldo Lopez-Gil as a financial advisor. He takes the time to clearly communicate and is transparent every step of the way. I feel comfortable and confident in his recommendations that are personalized to meet my short- and long-term financial goals. Excellent customer service, thanks for all your help so far!
- Address: 2171 Queen St E 2nd Floor, Toronto, ON M4E 1E5, Canada
- Website: https://www.edwardjones.ca/
- Phone: +14166918730
