Kent BrownWondering where to stash your loonies and toonies for not just a rainy day, but a prosperous future? You’re not alone. In the sprawling metropolis of Toronto, finding the right financial advisor can feel like searching for a needle in a haystack.
But fear not! We’ve braved the elements, from the icy gusts off Lake Ontario to the bustling crowds of Yonge-Dundas Square, to bring you a list of the best financial advisors in Toronto for smart management.
| How much do financial advisors charge for their services in Toronto? The typical rate for financial advisors in Toronto is approximately $220 per hour. It’s important to keep in mind that the actual price may fluctuate based on the specific services offered by the firm they belong to. |
How We Chose the Best Financial Advisors in Toronto
1. Buxton Financial For Retirement
– Media from buxtonfinancial
Location: 150 King St W #232, Toronto, ON M5H 1J9, Canada
Contact: +1 416-628-4502
Opening hours:
- Monday to Thursday – 8:30 AM to 5:00 PM
- Friday – 8:30 AM to 6:00 PM
Led by Marlene Buxton, this firm stands out as a premier choice if you’re seeking to navigate the complexities of retirement planning. With a strong focus on providing fee-only financial planning, Buxton Financial has a reputation for unbiased advice.
Marlene’s approach is deeply rooted in understanding the challenges you’ll face when you’re approaching retirement (or in retirement). On top of this, their fee-only model ensures that the advice they give you is free from conflicts of interest.
They offer a range of specialized services, including retirement income planning, tax and estate planning, asset, risk and financial management, pension decisions, divorce settlements, and business succession planning.
Their comprehensive suite of services is designed to cover all aspects of retirement planning, from the initial stages of accumulation to the complex considerations of decumulation.
Now, if you’re feeling overwhelmed or just unsure where to begin, you can take advantage of their complimentary consultation. This way, you can ask all those pressing questions and have peace of mind.
Pros
- Fee-only financial planning
- Complimentary consultation
- Specialization in retirement planning
Cons
- Availability due to high demand
Helpful with tax planning
My wife and are approaching retirement but had no concrete idea if we could realistically retire within the next year or two while maintaining our current lifestyle. Marlene was terrific in assessing our situation and working through the numbers to give us short and long-term projections. She was also very helpful with our tax planning as I am self-employed. I never realized how stressful planning for retirement could be but she certainly helped with that and I have a much better feel for what to expect and different ways to navigate going forward.
On a personal level, my wife and I found her pleasant to work with and also flexible with her scheduling. Thanks, Marlene!
– Rob A, Google Review
Provides comprehensive financial paths
An independent financial plan had been on my radar for a few years, and I approached Marlene to help me wade through what was a fairly trepiduous topic to me. Marlene was great. She was very personable, and knowledgeable, and she exuded positive energy. After a few virtual conversations where I was completely set at ease, Marlene set me up with a comprehensive financial path that, while very detailed, is broken down nicely into actionable steps forward. It was a great experience and I highly recommend her!
– Cassie R, Google Review
2. Ascendant Financial Inc: Financial planner
– Media from learnwithjayson
Location: Danforth Ave Toronto ON M4C 1M5, Canada
Contact: +1 647-694-8155
Opening hours:
- Monday to Friday – 9:00 AM to 4:30 PM
Ascendant Financial Inc. stands out for its dedication to educating clients about the Infinite Banking Concept (IBC). It’s a strategy developed by R. Nelson Nash that focuses on transforming your financial approach to manage and grow your wealth effectively.
Their approach isn’t just about selling you a product but about guiding you through the process of becoming your own banker – which can be a game-changer for your financial independence and stability.
The firm’s primary specialization lies in the placement of dividend-paying participating whole life insurance. It’s a cornerstone of the IBC concept that allows you to leverage life insurance policies as a financial tool.
One advisor we recommend here is Vernon McCarty. Clients have lauded his patience and clarity in explaining complex financial concepts and the genuine care he shows toward ensuring they understand and are comfortable with their financial planning.
They also offer a free one-on-one consultation to discuss your wealth planning. This ensures you start on the right foot with no obligations.
Pros
- Educational approach
- Innovative financial strategies
- Free Consultation
Cons
- Long-term commitment required
Helps with decision-making without the added pressure
I heard about Ascendant Financial through a good friend of mine who is known for making good investments. When I heard him raving about this company I decided to read the book they suggested “Become Your Own Banker” and I was riveted! I wanted to establish a plan for my future, I knew just putting money into a savings account was not the most effective way to reach my goals. I worked with Roman he answered all my questions and gave me time to make my decision without trying to pressure me or sell me to come on board. That’s when I knew I was 100% on board with implementing what they had to teach me into my life.
– Kristin Imbeault-Anstead, Google Review
Dedicated to educating clients
Sarbloh and Sukhman were instrumental in taking my understanding of IBC to the next level. From our introductory call to getting my first policy set up, they were professional, friendly and most importantly, fantastic teachers/mentors. Their dedication to me and my understanding of the concept was evident throughout – they would not have me sign up until they knew that I knew what I was getting into. I look forward to growing both my understanding of becoming your banker and a system of policies with these two. Thank you so much Sarbloh and Sukhman!
– Ben Walsh, Google Review
3. Frontwater Capital
– Media from empirelife
Location: 1920 Yonge St Suite 200, Toronto, ON M4S 3E2, Canada
Contact: +1 416-903-9195
Opening hours:
- Monday to Friday – 8:00 AM to 6:00 PM
- Saturday – 9:00 AM to 12:00 AM
Established in 2009, Frontwater Capital distinguishes itself with its unique approach to portfolio management, particularly through the use of option strategies. This is praised by most clients for delivering impressive results.
Another standout aspect of Frontwater Capital is its commitment to transparency and fiduciary standard of care. In the financial advisory world, acting in the client’s best interest is paramount, and their adherence ensures that all advice and strategies are tailored for you.
At the heart of this firm is a customized approach to portfolio construction. Your investment goals, time horizon, and risk tolerance are carefully considered so that a portfolio not only meets but exceeds your expectations.
And when it comes to choosing a financial advisor within the firm, Jeff Kaminker is a standout choice. With years of experience and a track record of success, Jeff exemplifies what it means to be a dedicated and knowledgeable advisor.
Pros
- Innovative investment strategies
- Fiduciary standard of care
- Transparency
- Proactive team
Cons
- Complex strategies
Attentive and strategic investment guidance
I’ve been using Jeff for several years and value his insight and knowledge concerning investments. I find Jeff always takes the time to listen, talk through options available to our family and help make great decisions with regard to our investments. Highly recommended – thanks!
– Gav Martell, Google Review
Delivered exceptional returns with a unique strategy
I’ve entrusted Jeff at Frontwater with my savings for the past 6 years and he has consistently delivered stellar returns. The option strategy they offer is a differentiating factor vs. the average wealth manager and allows for index-beating returns. The analyst team is also very responsive and proactive with day-to-day inquiries (thanks John!). Great product and a PM who knows what he’s doing; highly recommended!
– Brock Alan, Google Review
4. John Lysack Wealth Management
– Media from jlwealth
Location: 325 Front St W 2nd Floor, Toronto, ON M5V 2Y1, Canada
Contact: +1 647-403-4233
Opening hours:
- Monday to Friday – 8:00 AM to 6:00 PM
At the helm of this firm is John Lysack, with over 7 years of experience in the financial industry, he has garnered praise for this thorough, friendly and professional approach.
The firm has a comprehensive suite of services designated to cater to a wide array of financial needs. Whether it’s investment planning, insurance solutions, or health and dental plans, the firm offers personalized advice to guide you.
The firm’s approach is particularly appealing if you’re looking to navigate the complexities of wealth, tax, and estate planning, alongside seeking insurance and investment strategies. They specialize in those, from what we’ve seen.
If you’re interested in beginning your financial journey, reaching out for a consultation with John could be your first step toward achieving financial independence and security.
Pros
- Comprehensive service range
- Client-focused approach
- Free review meeting
- Online appointment
Cons
- Availability due to great demand
Brings out options for every individual
My husband and I had always had trouble getting insurance due to him having Cancer twice. When we met with John, he was prepared, knew what we were looking for and brought not only the viable options for us with him but took a look at what we currently had. It turned out that one of the policies would have been null and void if needed. He took the time to show us our available options at a price that was reasonable, as well as explaining why that product was the best for us. I would highly recommend John for not only your Financial needs, but your insurance needs as well.
– Laura Armstrong, Google Review
A trustworthy financial advisor
John is an incredibly passionate and kind individual who you would trust with your finances because of his challenging personal story in finance. would highly recommend partnering with John for all your financial planning needs!
– Evan Zolile Mehlomakulu, Google Review
5. Legacy Financial
Location: Toronto, Ontario, Canada
Contact: 416-738-9721 / [email protected]
Opening hours: By appointment basis
Legacy Financial is a top choice for individuals and businesses looking for smart money management solutions. From the start, it’s clear that their commitment to helping clients achieve financial success is paired with a deep understanding of the complexities of modern financial planning. They take the time to tailor strategies to each client’s specific needs and goals, ensuring a personalized and effective approach to managing money.
One of the standout aspects of Legacy Financial’s services is their ability to simplify even the most complex financial concepts. They excel at making smart money management accessible, offering clear advice and actionable insights that empower clients to make informed decisions. Whether it’s retirement planning, investment strategies, or tax optimization, Legacy Financial delivers strategies that are both practical and forward-thinking.
In addition to their expertise, Legacy Financial’s proactive communication sets them apart. Clients appreciate their regular updates, clear reporting, and ongoing support. They make it easy to stay on top of your financial health while adjusting plans as circumstances change. This level of attentiveness builds trust and reassures clients that their finances are in capable hands.
Overall, Legacy Financial is highly recommended for anyone looking to take control of their financial future. Their combination of expertise, personalized service, and a forward-looking approach makes them a go-to for smart money management. Whether you’re an individual or a business owner, Legacy Financial offers the tools and strategies to help you make the most of your money and achieve long-term financial success.
Pros
- Comprehensive service range
- Client-focused approach
- Free review meeting
- Online appointment
Cons
- Availability due to great demand
Customer Reviews
“I’ve been working with Trevor for almost 14 years. When it comes to my financial stability I don’t know where I would be without Trevor’s help. He is efficient, knowledgeable, kind and never misses a phone call to answer questions. Not only has he supported me but so many people in my life and been able to accomplish financial goals because of Trevor’s help. I’m so thankful and appreciate everything you’ve done for me, my family, and my friends over the years. Thank you so much Trevor for your ongoing support. You’re Appreciated.” — Nattoya W. (Google Review)
“Trevor is a highly principled knowledgeable advisor. He is patient and explains complex concepts in a simple and friendly manner. There’s no pressure only solid advice to guide you on your journey. I recommend him wholeheartedly.” — Marina B. (Google Review)
“I highly recommend Trevor Chew at Legacy-Financial” From the moment we met Trevor he was warm, knowledgeable, and genuinely interested in our financial goals. He took the time to listen to our concerns and questions and explained complex financial concepts in a way that I could understand. He was patient with us as we made decisions and always made himself available to answer any questions we had. Not only did Trevor help us develop a comprehensive financial plan that aligned with our goals, but he also provides ongoing support and guidance throughout the process. He’s a true professional and an expert in his field. We are so blessed to have met him.” — Auden W. (Google Review)
“Trevor Chew is an exceptional advisor! I strongly recommend others to get his financial advice – 100%!! He has helped me and family exponentially – with investment portfolio building, finance strategies and life insurance plans. My wife and I have been blessed to have the opportunity to guided by an amazing advisor who is very patient and kind in any situation we encounter in life. Also, with his biblical integration with finance – he makes it more reassuring that we have made a good decision.” — Philip C. (Google Review)
6. Merrick Financial Inc.
– Media from MerrickFinancialGroup
Location: 53 Coleridge Ave, Toronto, ON M4C 4H4, Canada
Contact: +1 416-822-1702
Opening hours:
- Monday – 8:30 AM to 5:00 PM
- Tuesday – 12:00 PM to 4:00 PM
- Wednesday – 9:00 AM to 5:00 PM
- Thursday – 9:30 AM to 2:00 PM
- Friday – 9:00 AM to 5:00 PM
From the get-go, Chris Merrick is all ears and eager to learn about your financial dreams, be it planning for a comfortable retirement, managing an inheritance, or maybe making that big purchase you’ve been thinking about.
Although they may lean towards the costly side, they still kick things off with a free consultation. This means you get to understand their approach and how Chris can steer your financial ship towards your goals.
Their approach is comprehensive. Whether it’s crafting a financial plan that evolves with you, exploring tax strategies, or navigating the complex world of investment, and retirement planning, they’ve got the expertise and modern tools to back it up.
Plus, there are no hidden fees. Everything is upfront, clear as day.
What’s more, is that they’ve been recognized for their stellar service by bagging the title of ‘The Best Financial Planner in 2023’ by the Quality Business Awards.
Pros
- Award-winning service
- Transparent fee structure
- Free initial consultation
Cons
- Cost of service
Provides excellent report outlining
Chris is wonderful. After talking to us about our various retirement goals and plans, Chris did a deep dive into our finances and then provided an excellent report outlining how (if) financially we could achieve those goals. For example, one of our main goals is whether we can afford a down payment on a condo for our daughter in Toronto, without selling our house and moving somewhere less expensive. Thanks to Chris, we now have financial clarity on this subject (as well as other retirement objectives). One of the best things about Chris’ approach, is that he does not sell financial products so you can rest assured that he is providing straight-up objective results. This in itself, sets him above so many others.
– Sandy Farran, Google Review
Gives a comprehensive financial plan
My wife and I had a very positive experience working with Chris Merrick to develop a comprehensive financial plan. Chris did a great job learning about our situation and understanding our specific goals. Our reports from Chris gave us the insight needed to feel comfortable about a decision on a new management strategy for our assets. We both came out of the experience with a more realistic view of our retirement plans and our long-term savings goals. Would recommend Chris to any of our friends.
– Chris Morris, Google Review
