We took a critical look at the financial planning scene in Toronto, and we have decided to compile a list of the best financial advisors services. Some of the best financial planners offer advice-only financial planning as a core service, providing tailored financial advice to a diverse range of clients. When it comes to getting a comprehensive financial plan, tax planning, reaching your financial goals faster, and even joining an investment management firm, there is no better place to start than here. However, you will need to understand your specific financial situation and seek what you would consider the best investment company among a multitude of financial planners. How to do that? Let’s read on.

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List of Top Financial Advisors in Toronto

As we’ve said before, there are many financial planners in Toronto and advisors working in the city. Most of them are certified, and many hold the Certified Financial Planner (CFP) designation, which establishes their credibility and expertise in offering tailored financial advice. However, it is important to understand that what may look like sound independent financial advice to you may not always be that, and for this reason, it is important to consider several factors, discussed below, when choosing one among many large financial institutions to entrust your hard-earned money with. Here are the top ten financial advisors in Toronto that you should consider:

  • Ascendant Financial Inc
  • Blair Franklin Capital Partners
  • Buxton Financial
  • Edward Jones – Financial Advisor: Ryan M. Henderson
  • Financial Services Commission of Ontario
  • Frontwater Capital Inc.
  • Kerr Financial Group
  • Kurt Rosentreter Financial Advisor and Wealth Management
  • Objective Financial Partners Inc
  • Sun Life Financial One University Avenue

Ascendant Financial Inc

Ascendant Financial Inc. is an MGA agency – a Managing General Life Insurance Agency. The agency works in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Newfoundland, and New Brunswick. The agency was founded in 2008 and it has a unique approach to banking called the infinite banking concept. 

https://www.instagram.com/ascendantfinancial

Blair Franklin Capital Partners

This is a leading Canadian independent investment bank. They offer a range of services and advising for companies, mergers and acquisitions, advisory services to companies and the public and they also work with institutions on different levels. When it comes to their experience, they truly are one of the biggest such companies in Canada, with over CAD300 Billion of advisory programs’ worth. 

  • Services Provided: Mergers & Acquisitions, Board Advisory, Strategic Advisory 
  • Phone: +1 416-368-1211
  • Address: 22 Adelaide St W Suite 2430, Toronto, ON M5H 4E3
  • Email: info@blairfranklin.com
  • Website: https://www.blairfranklin.com/
  • Work Hours: MON-FRI 8:30 AM-5 PM 

Buxton Financial 

The founder, William Buxton, began his career in finance in 1984. Since then, he has managed to get into the Equitable Hall of Fame, a prestigious award. He founded Buxton Financial Services in 2008. He has completed numerous financial, tax, and estate planning specialty courses, showcasing his extensive qualifications and commitment to providing informed advice. The company manages CAD35 million in assets. He has an Investment Company Products/Variable Contracts Representative Examination license and a Uniform Securities Agent State Law Examination passed. On top of this, he is registered in DC, VA, MD, WV, DE, NY, NJ, and FL.

  • Services Provided: 401(k) Planning, 403(b) Planning, 529 College Savings Plans, Coverdell IRA, Defined Benefits/Cash Balance Plans, Disability Income, Fixed Annuities, Fixed Index Annuities, Fixed Index Universal Life Insurance, Group 529 College Savings Plans, Group Disability Income, Group Life Insurance, Group Long Term Care, Health Insurance, Individual Long Term Care, Living Wills, Medicare Supplements, Mutual Funds, Pension Planning, Profit Sharing, Roth IRA, Second-to-die Life Insurance, SEP IRA, Simple IRA, Single Premium Life Insurance, Small Business Solutions, Social Security Income Strategies, Term Life Insurance, Traditional IRA, Universal Life Insurance, Variable Annuities, Variable Universal Life, Whole Life Insurance
  • Phone: +1 416-628-4502
  • Address: 150 King St W #232, Toronto, ON M5H 1J9
  • Email: Contact Page
  • Website: https://www.buxtonfinancialservices.com/
  • Work Hours: MON-THU 8:30 AM-6 PM, FRI8:30AM-5 PM

Edward Jones – Financial Advisor: Ryan M. Henderson

Edward Jones, as a financial planner, has developed personalized financial planning advice and strategies to help clients grow their wealth. Most of his clients are individual investors, and unlike the previous two which can help your private business grow, this company has established itself as one of the leading financial advisors in Canada in the residential or private sector. Edward Jones focuses on charitable giving, retirement income strategies, retirement savings strategies, estate and legacy strategies, intergenerational planning, and socially conscious investing.

  • Services Provided: Annuities, Brokerage Accounts, Business Insurance, Business Owner Plans at a Glance, Cash and Credit, Client Consultation Group, Client Resource Centre, Edward Jones Guided Portfolios, Edward Jones Investment Insight Newsletter, Edward Jones Portfolio Program, Exchange-traded funds, Fixed-Income Investments, Group Plans / Taking Care of Employees, Helping You and Your Business, Insurance and Annuities, Investment Products, Living Benefits Insurance, Mutual Funds, Registered Education Savings Plan, Retirement Accounts, Solutions for Business Owners, Stocks, Tax-Free Savings Account, Wealth Strategies
  • Phone: +1 416-485-5484
  • Address: 150 York Street, Suite 912, Toronto, ON M5H 3S5
  • Email: Contact Form
  • Website: https://www.edwardjones.ca/ca-en/financial-advisor/ryan-henderson
  • Work Hours: MON-FRI – by appointment only

Financial Services Commission of Ontario

The Financial Services Commission of Ontario has been taken over by the Financial Services Regulatory Authority of Ontario, which now acts as the main government-based advisory and regulatory body. Although they may not be the best in offering personalized advice, we believe that personal financial literacy is the key, and a body as large as this has ample resources for all who would like to handle their own investments and for all who are just starting their savings/investment journey. 

  • Services Provided: Auto Insurance Advising, Mortgage Advising, Pension Advising, Advising on Loans and Trusts, Private Financial Advising, Financial Planners, and Investment Advising (all carried out through the FSRAO) 
  • Phone: +1 416-250-7250
  • Address: 5160 Yonge St 16e étage, Toronto, ON M2N 6L,
  • Email: Contact Page (the FSCO is decommissioned, so contact the FSRAO)
  • Website: http://www.fsco.gov.on.ca/en
  • Work Hours: MON-FRI 8 AM-5 PM 

Frontwater Capital Inc.

Frontwater Capital, an independent wealth management firm, was established in 2009. So far, the company has worked with many professionals, executives, and business owners to help them manage their wealth and increase their financial security. The company is proud to have established long-term cooperation with many of their existing, high-profile clients and they offer risk management strategies that have helped many survive much financial hardship. The company works in Toronto and Calgary.

  • Services Provided: Financial Advisors and Wealth Management
  • Phone: +1 416-903-9195
  • Address: 1920 Yonge Street, Suite #200, Toronto Ontario M4S 3E2
  • Email: invest@frontwater.ca
  • Website: https://www.frontwater.ca/
  • Work Hours: MON-FRI 8 AM-6 PM, SAT 9 AM-12 AM

Kerr Financial Group

Kerr Financial Group offers fee-only personal wealth management for public customers. They employ certified financial planners, ensuring clients receive expert guidance for various financial planning needs. When it comes to their services, they include managing family wealth and they provide new insights into family financial management. Financial planning and investment strategies for young families. They are one of the best such companies in Toronto and they offer robust services and comprehensive solutions for your investment needs.

  • Services Provided: Estate Settlement, Investment Management, Accounting and Tax Advisory, Personal Financial Planning
  • Phone: +1 416-364-9447
  • Address: 150 York St, Toronto, ON M5H 3S5
  • Email: Contact Page
  • Website: https://kerrfinancial.ca/
  • Work Hours: MON-FRI 8:30 AM-5:30 PM

Kurt Rosentreter Certified Financial Planner and Wealth Management

Kurt Rosentreter Financial Advisor and Wealth Management offers personal CFO (Chief Financial Advisor) services to the public. They also benefit from the expertise of a personal finance columnist who offers fee-only, advice-only financial planning. They provide integrated financial planning and professional advice in many different areas of finance. Still, they are most renowned for their personal finance solutions, which are comprehensive and effective.

  • Services Provided: Financial Planning Services, Insurance Planning, Investment Advisory, Career Transition Planning, Divorce Financial Planning
  • Phone: +1 416-628-5761 ext. 0
  • Address: 2848 Bloor St W, Etobicoke, ON M8X 1A9
  • Email: Contact Page
  • Website: https://kurtismycfo.com/
  • Work Hours: MON-FRI 8:30 AM-5:30 PM

Objective Financial Partners Inc

Objective Financial Partners offers a variety of services to all clients. They assist clients in managing and updating their financial affairs over time. Their clients’ net worth ranges from those that still need to establish their capital to multi-millionaires. The company offers no products, but strict financial planning and advising. They also offer tax advice, even to those living and working outside of Ontario.

  • Services Provided: Financial Planning, Retirement Planning, Investment Advice For Canadian Expats, Investment Planning, Tax Planning, Tax Preparation, Money Coaching, Financial Planning For Seniors, Family Financial Planning, Financial Consulting, Personal Financial Audit, Employee Financial Wellness, Paraplanning, Outsourced Financial Planning, Other Financial Services
  • Phone: +1 416-691-8471
  • Address: East Tower, 675 Cochrane Dr 6th floor, Markham, ON L3R 0B8
  • Email: Contact Page
  • Website: https://objectivefinancialpartners.com/
  • Work Hours: MON-FRI 9 AM-5 PM

Sun Life Financial One University Avenue

Sun Life Financial is one of the oldest financial institutions in Canada, with a history spanning more than 150 years. When it comes to the company itself, solid financial ratings and the sheer number of its clients speak for themselves. The company invests in sustainability measures and works on creating better lives for the community. 

  • Services Provided: Annuity calculator, Annuity products, Business owner insurance, Changing employer, Critical illness insurance, Critical illness insurance calculator, Dental insurance, Disability insurance, Find a healthcare provider, Find an advisor, Fitness and family health, Get a quote, GIC, Group Benefits, Group investments, Health insurance, Investing basics, Life insurance, Long term care insurance, Managing your money, Mental wellness, Mortgage protection insurance, Mutual funds, Permanent life insurance, Personal health insurance, Preventing and treating illness, RESP, RRIF, RRSP, Saving for retirement, Segregated funds, TFSA, Travel insurance
  • Phone: +1 416-366-8771
  • Address: 1 University Ave #201, Toronto, ON M5J 2P1
  • Email: Contact Page
  • Website: https://advisor.sunlife.ca/one.university/about
  • Work Hours: MON-FRI 8:30 AM-5 PM

FAQs

How Much Does a Financial Advisor Cost in Toronto?

A financial advisor does not cost much in Toronto. In fact, they charge around CAD150-350 per hour. However, since this is not little, you should go to the meeting well-prepared. That means doing your research, reading online (and in print, if necessary), and making sure you understand what you want your investment portfolio to look like. Personal finances should not be joked with, and these legal professionals cost a lot, so make sure you go there understanding exactly what it is you are seeking and seek good legal advice. 

Who Is the Most Trustworthy Financial Advisor?

There is not a single most trustworthy financial advisor in Toronto. In fact, most of them will be able to provide unbiased advice. Providing fee-only services is a big plus, and so is offering personalized service. When it comes to communication, they should actively work on a deep understanding of your financial well-being and have good tax strategies to offer, as well as a plethora of other professional services for you. 

Final Considerations

Your retirement framework should be worked out by a professional. The same goes for your private finances and knowing where you are on your financial journey. As most Canadians want to invest in personal pension portfolios, it is important to understand that you may need help with these, as there are so many investment solutions in Canada. Different tax strategies can be implemented as well, and your financial needs taken care of, all at the same time. With all of this, a financial advisor can help, and this handy guide gives you details on how to choose the best one in the area.