2019 RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN TORONTO
Identifying 2019’s Top Financial Planners & Wealth Managers in Toronto, Canada
Toronto is the most populous city in Canada and that large population draws a significant number of financial advisory firms. So many in fact, that the task of finding a firm to work with that you can trust to help you manage and grow your wealth can be a daunting one.
How do you know which are the best wealth management firms in Toronto that uphold industry standards, are going to give you valuable advice and will offer the right financial services for your needs?
You can search through hundreds of firms for days to gather details… or you can take a shortcut and read through our list of the 11 top Toronto, Ontario financial advisors to learn more about the best firms to work and what things to look for when choosing a financial planner.
AdvisoryHQ has a strict selection process that is designed to identify the best financial advisory firms in multiple cities in Canada, the US, and the UK. From our top-rated list, you can easily narrow down your options to a few to meet with in order to find a perfect fit.
How do you know which financial planning firm in Toronto is best for your needs?
We’ll go over some key things to look for in a top Canadian financial advisor and tips on how to refine your options so you can weed out firms that may not fit as well.
You’ll also find important information below about fee-structure and what you need to know about the difference between “fee-based” and “fee-only” Toronto wealth management firms.
So, if you’re ready to take control of your money and find a professional that can help you make smart financial decisions and a plan for the future, read on for the top financial planning firms that Toronto has to offer.
Award Emblem: Top 11 Best Financial Advisors in Toronto, Canada
Top 11 Best Financial Advisors & Planners in Toronto, Canada in 2019 | Brief Comparison & Ranking
Top-Rated Toronto Financial Advisors | 2019 Ratings |
| Caring for Clients | 5 |
| Cumberland Private Wealth | 5 |
| De Thomas Wealth Management Corp | 5 |
| Frontwater Capital | 5 |
| HighView Financial Group | 5 |
| Newport Private Wealth Inc. | 5 |
| PWL Wealth Management Inc. | 5 |
| Stewart & Kett Financial Advisors | 5 |
| Tacita Capital Inc. | 5 |
| TriDelta Financial | 5 |
| Olympian Financial Inc. | 3 |
Table: Top 11 Best Financial Advisors in Toronto, Canada | Above list is sorted by rating
Tips for Selecting a Top Financial Advisor in Toronto
When you’re looking through websites of wealth management firms in Toronto, Ontario, they may seem to all appear the same at first. However, knowing a few key things to look for can help you begin to differentiate one from another.
Here are some tips on things to keep in mind as you’re researching the best Toronto financial advisors and that will help you zero in on your perfect match.
What are their Fees and Fee Structure?
Knowing how much the financial advisor from a Toronto advisor is going to charge you is important and can lead you to choose one firm over another for a better value. You want fees to be easy to find, which lets you know that the firm values transparency.
You also should know the fee structure they work under, fee-based or fee-only:
- Fee-Based: Means they accept commissions from companies that sell financial products.
- Fee-Only: Means they DO NOT accept commissions from companies that sell financial products.
Many fee-based firms are also fiduciaries which helps to counteract the inherent conflict that can come from earning commissions on financial products. A fiduciary is legally bound to acts in their client’s best interests at all times.
What Types of Clients Do They Work With?
Some firms work with clients from all walks of life, others lean toward high-net-worth individuals. Knowing if a Toronto financial advisor has a minimum on the investable assets they work with can help you differentiate between firms you might consider.
What Services Do They Offer?
You want to know beyond just financial planning and investment management, what other services a financial planning firm in Toronto offers. Some may offer accounting services, some insurance or tax services. Fit their services to your needs.
Do They Have a Specialty?
Some Toronto financial advisors will specialize in retirement planning, while another might work with small business owners. You can often find an excellent fit for a financial partner if they have a specialty that matches your situation or financial planning goals.
Top-Rated Toronto Financial Advisors & Wealth Management Firms
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2019 AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Best Financial Advisors in Toronto, Canada
Below, please find the detailed review of each firm on our list of top 2019 advisors and financial planners in Toronto. We have highlighted some of the factors that allowed these Toronto financial advisory firms to score so high in our selection ranking.
Click on any of the names below to go directly to the review section for that firm.
- Caring for Clients
- Cumberland Private Wealth
- De Thomas Wealth Management Corp.
- Frontwater Capital
- HighView Financial Group
- Newport Private Wealth
- PWL Wealth Management, Inc.
- Stewart & Kett Financial Advisors
- Tacita Capital, Inc.
- TriDelta Financial
- Olympian Financial, Inc.
Click below for previous years’ rankings:
- 2018 Review: 11 Best Financial Advisors & Investment Management Firms in Toronto, Canada
- 2017 Review: Top 10 Best Financial Advisors & Planners in Toronto, Canada
- 2016 Review: Top 11 Best Wealth Managers & Advisors in Toronto, Canada
Caring for Clients Review
Founded in 2000, Caring for Clients is a top Toronto financial advisory firm created to offer a more complete lifecycle of client care. They work with a variety of client types, including busy executives or professionals, recently widowed, pre-retirees, and business owners.
This Toronto wealth management firm does not specifically state whether they are fee-based or fee-only, however, they do note on their FAQ page that they “do not receive commissions on investment products” however for insurance they may receive a commission.
We always recommend you confirm a financial advisory firm’s fee structure before securing their services.
Key Factors That Enabled Caring for Clients to Rank as a Top Financial Planner in Toronto
Women Leaders in Business
Rona Birenbaum founded Caring for Clients with the goal to provide a full spectrum of wealth management services. Today, the firm employs an experienced Toronto financial advisory team, which is composed primarily of women advisors and support staff.
In an industry where women are historically under-represented, this team of women advisors helps Caring for Clients standout as a Toronto financial advisor that is committed to diversity and multiple perspectives. This offers clients the benefit of a more robust financial strategy.
Wide Array of Financial Services
Clients looking for multiple financial services under one roof will appreciate the broad range of offerings from this Toronto financial planning firm.
The team at Caring for Clients applies their full spectrum of financial perspectives and industry experience to a wide range of financial needs, including:
- Initial Consultation: Discussion of your current finances, expenses, and plans to get the ball rolling on your strategy
- Comprehensive Personal Plan (Individuals and Couples): Integrated review, evaluations, and comprehensive recommendations
- Comprehensive Financial Plan (Business Owners): Includes additional expertise for the unique challenges faced by business owners
- Retirement Planning: Tax-efficient, worry-free approach to planning for a financially secure retirement
- Insurance Planning: Develop strategies to minimize risk while growing wealth in a tax-efficient manner
- Investment Planning: Second-opinion service to evaluate an existing portfolio
- Estate Planning: Provides education on overcoming obstacles to create an efficient estate plan
Rating Summary
Caring for Clients offers detailed fees and a fee for service structure. They put clients first and foremost in everything they do and strive to always provide unbiased, expert financial guidance to help their clients achieve their goals.
With a talented team, a broad range of financial services to choose from, and a philosophy of always looking out for their client, Caring for Clients scores 5-stars as one of the best financial advisors in Toronto to consider partnering with this year.
See Also: Top Financial Advisors in Montréal & Ottawa, Québec, Canada
Cumberland Private Wealth Review
Cumberland Private Wealth is an independent financial advisor in Toronto that is deeply committed to their clients’ prosperity. They were founded in 1997, have additional offices in Calgary and Kingston, and work with families, individuals, and foundations.
While this Toronto wealth management firm is a fiduciary, we could not confirm whether Cumberland Private Wealth works with a fee-based or fee-only structure. As always, we recommend verifying fee structure before partnering with any Toronto wealth management firm.
Key Factors That Enabled Cumberland Private Wealth to Rank as a Top Financial Planner in Toronto
Expert Portfolio Construction Process
As a top-rated Toronto wealth management firm, all Cumberland portfolios are designed with six key elements:
- Insight: Secular trends, investment themes, geo-political events, and economic factors
- Strategy: Asset classes, themes, and regions
- Conviction: Disciplined, proven strategies designed to maintain consistency throughout fluctuating markets
- Teamwork: The Toronto financial advisors at Cumberland share ideas and collaborate to offer clients the benefit of multiple viewpoints
- Wisdom: Investment managers have an average of 18 years of experience
- Integrity: Unbiased stock selection and independent research
Seasoned Team
If you’re looking for the best Toronto financial advisor that has a team of accredited, experienced professionals to handle any complexity of the financial situation, the staff of Cumberland will not disappoint.
As one of the top-rated investment firms in Toronto, Cumberland employs a large team with an impressive range of industry certifications, that include:
- FCA – Fellow Chartered Accountant
- FCPA – Forensic Certified Public Accountant
- BAS – Bachelor of Applied Science
- CFA – Chartered Financial Analyst
- CIM® – Chartered Investment Manager
- CFA – Chartered Financial Analyst
- MBA – Master of Business Administration
- MSc – Master of Science in Management
- CFP® – Certified Financial Planner
- FCSI – Fellow of CSI
Many of these certifications come with strict requirements for fiduciary duties and ongoing education, ensuring that clients receive advice that is both up-to-date and in their best interests.
2019’s Top Toronto Wealth Management Firms
Rating Summary
Cumberland Private Wealth takes a customized approach to portfolio management and their team-based philosophy delivers insights, expertise, and excellence for their clients. Their goal is to give clients the freedom to follow their passions.
With a commitment to putting their clients’ needs first, a talented and dedicated team, and a long-term approach, Cumberland Private Wealth solidifies a 5-star rating as one of the best investment firms in Toronto to consider partnering with this year.
De Thomas Wealth Management Corp. Review
Promoting a culture of independence, De Thomas Wealth Management Corp. is a top-rated financial advisor in Richmond Hill, Ontario, just north of Toronto. They provide holistic financial services to investors from eight locations throughout Canada.
De Thomas does not clearly state whether they are a fee-only or fee-based Toronto wealth management firm. As always, we recommend confirming fee structure before contracting with any financial advisor in Toronto.
Key Factors That Enabled De Thomas Wealth Management Corp. to Rank as a Top Toronto Financial Advisor
Investment Process
As one of the best investment firms in Toronto, the investment strategy at De Thomas Wealth Management Corp. is comprised of three main components:
- Diversification
- Asset allocation
- Minimizing fees
First, your Toronto financial advisor will focus on ensuring your financial plan is diversified and will create a portfolio that includes a wide array of bond and security investments, ensuring that you won’t become a victim of a volatile market.
Your Toronto financial advisor next emphasizes expert asset allocation. Each investment made on your behalf is done so based upon extensive research, includes a long-term target, and is recalibrated as needed.
The advisors at De Thomas will also work to keep your fees to a minimum. The firm uses cost-efficient products that help save you money and that are also tax efficient.
Private Wealth Advisory Services
High-net-worth families, individuals, and foundations with investable assets in excess of $5 million are eligible for Private Wealth services. This division offers wealthy investors the following benefits:
- Experience
- Personal approach
- Lower fees
- Safety
- Disciplined investment process
- Fully integrated solutions
These investment and wealth planning services are tailored to high-net-worth clients and are not limited to investment advice. Services are robust, integrated and handled by a team of experienced advisors who get to know you personally and understand the complexities of your financial situation.
Rating Summary
De Thomas offers over three decades of experience providing expert financial guidance to help clients protect and grow their wealth. Their independent structure is coupled with a pledge to provide unbiased advice that’s “never motivated by commissions or incentives.”
With a well-seasoned team, a tax-efficient approach, and a wide range of services, De Thomas Wealth Management Corp. scores a 5-star rating as one of the best investment firms in Toronto to consider partnering with this year.
Don’t Miss: Best Financial Advisors in Vancouver, BC, Canada
Frontwater Capital Review
Founded in 2009, Frontwater Capital is a top boutique financial advisory firm in Toronto that works with successful professionals, corporate executives, and business owners. The firm excels in providing tailored solutions fit to each unique circumstance.
We could not confirm whether Frontwater Capital is fee-based or fee-only, although the firm does state that they provide advice that is free of conflicts of interest. We recommend that you confirm the fee structure before contracting with a financial advisor.
Key Factors That Enabled Frontwater Capital to Rank as a Top Toronto Financial Advisor
Option-Licensed Portfolio Managers
Frontwater’s expert knowledge of stock-option investing and risk management makes this firm unique. It believes that traditional, “long-only” asset allocation investments used by most financial firms do not provide investors enough risk protection.
For this reason, the Toronto financial advisors at Frontwater employ stock options investments to provide the ultimate protection for their clients and to maximize returns. This allows the firm to:
- Establish attractive entry points on a particular stock
- Lower average costs
- Institute opportunistic profit-taking
- Insure portfolios from potential market downturns
Independent Research
This top-rated financial advisory firm in Toronto, Ontario conducts independent research on the market before suggesting financial products. This allows the firm to make decisions grounded in:
- Sound financial analysis
- Reliable fundamental data
- Quantitative stock-selection techniques
With this approach, Frontwater is able to use investment techniques that are normally only accessible to large companies, offering unique value to their clients whose portfolios benefit from this strategy.
Top Financial Planning Firms in Toronto
Rating Summary
Frontwater Capital employs “cream of the crop” talent and their team holds a variety of industry certifications. Clients benefit from a diverse array of talent, including risk management experts and accounting specialists.
With a unique way of addressing portfolio risk, a philosophy of innovation, and quantitative stock selection techniques, Frontwater Capital earns a 5-star rating as one of the top Toronto financial advisors to consider partnering with in 2019.
HighView Financial Group Review
With a purpose of providing their clients peace of mind, HighView Financial Group is a top-rated Toronto financial management firm that upholds a fiduciary standard of care with a duty to put their clients’ best interest first.
HighView does not explicitly state whether they are a fee-only or fee-based Toronto wealth management firm. As always, we recommend verifying compensation structure before partnering with any Canadian financial advisor.
Key Factors That Enabled HighView Financial to Rank as One of the Top Toronto Wealth Management Firms
Outsourced Chief Investment Officer Process
Clients looking for someone they can trust to always look out for their financial best interest will appreciate the opportunity to work with an outsourced Chief Investment Officer (CIO) at HighView.
The CIO acts as a fiduciary and has a legal obligation to protect your best interests and offer completely unbiased financial advice for both risks and opportunities. Your outsourced CIO can assist with:
- Investment Stewardship: As one of the top investment firms in Toronto, HighView works with no conflicts of interest and considers only your needs.
- Goals Assessment: HighView strives to fully understand your investment goals, expected deadlines, and level of risk tolerance to create a truly personalized portfolio.
- Asset Management: Based on your goals assessment, a team of Toronto financial advisors will keep a close eye on your portfolio and make any necessary changes.
Working with Affluent Families
HighView specializes in serving the needs of affluent families and assisting them with lifestyle management, retirement planning, funding education, wealth transfer, and more. All services are provided from a value-driven foundation of:
- Collaborative decision-making
- Consistent portfolio reviews
- Open-door policy
- Fiduciary advisory services
- Financial education for you and your family
HighView believes in a truly collaborative process and their advisors take the time to explain strategies and help you gain insight into your financial future.
As one of the top investment firms in Toronto, HighView also offers helpful insight into the financial system and investment process, making the investment experience much more comprehensive for you and your family.
Rating Summary
HighView believes in goals-based portfolio construction and providing practical investment planning. Their focus on education offers value to clients, giving them greater knowledge that can help them make good financial decisions in the future.
With a talented and attentive team, an unbiased fiduciary commitment, and a specialty in family financial management services, HighView solidifies its 5-star rating as one of the best wealth management firms in Toronto to consider partnering with this year.
Related: Best Financial Advisors in Calgary, Alberta
Newport Private Wealth, Inc. Review
Newport Private Wealth is a Toronto-based financial advisory firm that’s client-centric and takes a team-based approach to wealth management. They enjoy working with clients of all wealth levels and with all levels of investment experience.
They are a fee-based financial advisory firm that upholds a fiduciary standard, which means they’re legally obligated to provide unbiased advice that’s always in their client’s best interest.
Key Factors That Enabled Newport Private Wealth, Inc. to Rank as One of the Best Toronto Wealth Management Firms
Strong Value Proposition
As one of the top-rated investment firms in Toronto, Ontario, Newport feels it’s important to give clients comprehensive and expert service. Because they welcome investors of all ages and wealth levels, they’re a great option for new investors.
For new clients, there are plenty of convincing reasons to choose Newport, which include:
- Exclusive focus on individuals and families
- Holistic wealth management
- Independent ownership and thinking
- Alignment with clients
- Dynamic diversification
- Less risk and volatility
- Exceptional professional team
- Independent, specialist money managers
- Extraordinary service
Best Wealth Managers & Financial Advisors in Toronto
Highly Talented Team
For many clients, finding the best Toronto financial advisor means finding a staff of accredited, experienced professionals that can tackle a variety of financial challenges.
As one of the top investment firms in Toronto, Newport employs a large team with an impressive range of industry certifications, including:
- CFA – Chartered Financial Analyst
- CPA – Certified Public Accountant
- CA – Chartered Accountant
- FCA – Fellow Chartered Accountant
- CLU – Chartered Life Underwriter
- CFP® – Certified Financial Planner
- CIWM® – Certified International Wealth Manager
- CIM – Chartered Investment Manager
Many of these designations come with strict requirements for fiduciary duties and ongoing education, ensuring that clients receive advice that is both up-to-date and in their best interests.
Rating Summary
Newport Private Wealth offers holistic wealth management and a singular focus on individuals and families, allowing clients to benefit from their laser focus and alignment with its clients.
With a dynamic and independent approach, a commitment to putting their clients first, and a talented and experienced team, Newport Private Wealth scores a 5-star rating as a top Toronto financial advisor to consider partnering with this year.
PWL Wealth Management, Inc. Review
PWL Wealth Management was founded in 1996 to give Canadian families a better wealth management experience. This top-rated Canadian financial advisory firm has offices in Toronto, Ottawa, Montreal, and Waterloo.
The firm is a fee-based Toronto financial advisor that is also a fiduciary, upholding a legal obligation for transparency and to put their clients’ interests ahead of their own.
Key Factors That Enabled PWL Wealth Management to Rank as a Top Toronto Financial Planner
Integrated Approach to Wealth Management
The most successful mix of financial management includes both wealth management and financial planning for a fully integrated approach. PWL adopts this holistic strategy by integrating both facets into their services. These include:
- Setting Objectives: Includes an in-depth consultation on current and future financial, individual, family, and business goals
- Retirement and Estate Planning: Seeks to maximize cash flow, optimize investments, and protect assets
- Institutional-Style Portfolio Management: Custom Tailored discretionary portfolio management
- Tax Planning and Preparation: Tax-efficient portfolio construction, in-depth tax planning, reporting, and return preparation
- Income and Asset Protection: Integrates life, disability, and critical illness insurance with tax and estate issues
Building Your Personalized Portfolio
These top-rated Toronto financial advisors take the time to craft a personalized portfolio designed to address your distinct needs and goals for the future. To accomplish this, PWL has a step-by-step process that ensures they fully understand your investment needs and goals.
Their process involves:
- Discovery Meeting: PWL will review your current financial state, identify your goals, and brainstorm ideas for achieving your goals.
- Proposal Meeting: At your next meeting, a Toronto financial advisor will have evaluated your situation and will present a draft of a customized plan for moving forward.
- Commitment Meeting: If you decide that PWL’s proposal is the right plan for you, you will also sign appropriate documents to begin your relationship with PWL.
- Progress Meetings: These top Toronto financial advisors keep you updated with the status of your accounts while acting as an open forum to ask any lingering questions.
- Review Meetings: These meetings keep both you and your Toronto financial advisor up to date. You’ll have the opportunity to share any changes to your finances and receive updates on your investment progress.
Rating Summary
PWL Wealth Management believes in evidence-based investing minus any drama or guesswork. Clients can rest easy knowing their portfolio is not only designed according to their unique needs and goals but is also based on scientific methods and academic research.
With multiple client resources, a collaborative approach, and a strong fiduciary commitment, PWL solidifies its 5-star rating as one of the best independent financial advisors in Toronto to consider partnering with in 2019.
Stewart & Kett Financial Advisors Review
For over two decades, Stewart & Kett has been providing expert financial advisory services in Toronto to clients throughout Canada and in other countries. They’re fully committed to each client’s financial future.
The firm is a fee-only (also known as advice-only) Toronto financial planner that offers a wide range of financial services, including financial planning, investment management, and tax services.
Key Factors That Enabled Stewart & Kett to Rank as a Top Toronto Financial Planner Advice-Only
As an advice-only firm, the Toronto financial planners at Stewart & Kett provide clients with the option of working on either a retainer or an hourly basis.
They are completely objective and do not accept any 3rd party commissions or incentives, so their advice is never tied to a certain financial product or referrals. This leaves them free to offer advice that’s completely in the client’s best interest.
Also critical to the approach of this Toronto wealth manager is their caring approach to ensure clients feel completely comfortable disclosing everything about their financial situation, so they can get the best and most relevant guidance possible.
Wide Range of Financial Capabilities
The more services, the better for many clients that are looking to find the best Toronto financial advisor that can accommodate a diverse range of financial needs.
Goals and situations are subject to change over time, and the Toronto financial planners at Stewart & Kett are prepared to handle a variety of challenges with a wide array of services. Their financial services include:
- Financial Check-Up: Complete overview of your financial health, including goals, income, expenses, assets, debts, insurance, and estate needs
- Financial Planning: Includes Family Office, Cash Management, Retirement, Risk Management, Estate Planning, and Charitable Giving
- Investment Consulting: Portfolio Assessment, ETF Portfolios, and portfolio manager research and selection
- Tax Services: Personal and Corporate Tax Services
2019 Best Financial Advisors in Toronto
Rating Summary
Stewart & Kett strives to make a genuine connection to their clients so they can fully understand their goals and help them craft a plan to reach them. They believe in creating a professional, yet friendly atmosphere for their clients.
With a flexible payment structure, a focus on long-term relationships, and a talented and approachable team, Stewart & Kett earns a 5-star rating as one of the best financial advisors in Toronto to consider partnering with this year.
Read More: AdvisoryHQ’s Methodology for Ranking Top Advisors in Canada
Tacita Capital Review
Specializing in serving affluent families, Tacita Capital is a private family office and wealth management firm in Toronto founded in 2005. The company brings a leading-edge portfolio and investment strategies to high-net-worth clients.
Tacita does not explicitly mention whether the firm uses a fee-only or fee-based structure, however, their website states that Tacita Capital’s financial advisors “are compensated solely by our clients on a transparent fee basis” which would point to them potentially being fee-only.
As always, we recommend verifying fees before partnering with any Toronto financial planner.
Key Factors That Enabled Tacita Capital to Rank as One of the Best Toronto Wealth Management Firms
Talented Team
As one of the top-rated financial advisory firms in Toronto, Ontario Tacita Capital maintains a well-seasoned team of highly certified financial advisors, planners, and investment management professionals.
Clients can benefit from a broad range of financial industry certifications and designations, which include:
- RFP – Registered Financial Planner
- CFP® – Certified Financial Planner
- CFA – Chartered Financial Analyst
- CPA – Certified Public Accountant
- CA – Chartered Accountant
- CIM® – Chartered Investment Manager
Many of these certifications come with ongoing requirements for fiduciary duties and continuing education, meaning that clients receive advice that is both up-to-date, unbiased, and tailored to their needs.
Investment Opportunity Set
Tacita excels in providing portfolios with superior risk-adjusted returns in a cost-efficient manner. Clients looking for diversified financial strategies will appreciate the 6 different asset classes used by this Toronto financial planner, which are segmented into 48 sub-asset classes.
Their Investment Opportunity Set incorporates the following asset classes:
- Fixed Income
- Equities
- Real Assets
- Alternative Strategies
- Private Investments
Each of the 48 sub-asset classes is then organized within three key categories to ensure the best diversification and investment strategy for each client.
- Efficiency Component: This category targets enhanced returns via low-cost exchange traded funds (ETFs)
- Defensive Foundation: Designed to cushion the impact of market fluctuations through the use of cash equivalents, investment-grade bonds, selected commodities, and hedged strategies
- Opportunistic Element: Looks for superior potential returns via niche active managers, quantitative multi-factor strategies and private debt, equity, real estate, and special investments
Rating Summary
For affluent families and individuals looking for sophisticated and customized investment strategies, Tacita Capital is an excellent fit. They adhere to an evidence-based investment philosophy while also being innovators and forward-thinkers.
With a specialty in the complex financial needs of high-net-worth investors and a highly experienced team, Tacita Capital solidifies their 5-star rating and is one of the best financial advisors in Toronto to consider partnering with this year.
TriDelta Financial Review
With a goal to deliver great value and holistic solutions, TriDelta Financial is a Toronto-based financial advisory firm with additional offices in Oakville and Edmonton. They offer financial peace of mind for individuals and families.
The firm doesn’t specifically mention whether they use a fee-only or fee-based structure, although the firm does state that, “as an independent company, we do not benefit from selling one particular product over another.”
We always recommend verifying compensation structure before contracting with any financial advisor in Toronto.
Key Factors That Enabled TriDelta Financial to Rank as a Top Toronto Financial Advisor
Comprehensive Approach
As one of the top-rated financial advisors in Toronto, TriDelta offers a wide range of investment planning, wealth management, and insurance-based services.
This benefits TriDelta clients because they can get multiple financial needs handled under one roof. Aside from wealth planning and investment management, these Toronto financial planners also offer insurance and a variety of financial consultants.
For example, the firm works with contracted mortgage brokers in the event that a TriDelta client has a mortgage-related question. Offering access to these consultants puts this Toronto financial planning firm ahead of the competition and offers clients convenience.
Top Toronto Wealth Management Firms 2019
Strong Value Proposition
If you’re evaluating whether or not TriDelta is a good fit for your financial needs, the firm provides six key components—or value propositions—about working with TriDelta to help you gain more insight into the firm.
These include:
- All advisors share professionalism, integrity, and client focus
- We work for you and get paid accordingly
- Wealth advisors are like the ‘Family Doctor’ by creating customized plans
- Wealth advisors provide a coordinated plan and team-based advice
- Total fees for working with TriDelta are often half the cost than at competing Toronto financial advisors
- The firm offers access to the best product solutions regardless of the company
Rating Summary
TriDelta’s holistic financial services approach ensures clients get personalized help from experts in a variety of financial specialty sectors. This provides additional value and ensures a client’s financial strategy is fully integrated.
With a deep bench of professionals, a wealth of financial education resources, and a talented team, TriDelta Financial earns 5-stars as one of the best financial advisors in Toronto to consider partnering with in 2019.
Related: Best Robo Advisors in Canada
Olympian Financial, Inc. Review
Taking a strategic and tactical approach to wealth management, Olympian Financial is an independent financial planning firm in Toronto founded in 1993. They take a proactive approach and don’t believe in “off the rack” solutions.
Olympian Financial does not specify whether they are a fee-only or fee-based Toronto financial planning firm. As always, we recommend verifying compensation structure before partnering with any Toronto financial advisor.
Key Factors That Enabled Olympian Financial to Rank as a Top Independent Financial Advisor in Toronto
Building Wealth
Rather than receive pre-packaged advice, Olympian advisors provide individualized financial plans that differ based on your future objectives and needs. This includes two approaches to financial planning:
- Tactical wealth management
- Personalized wealth management
The tactical approach is designed to ensure your portfolio is resilient and will continue to grow throughout fluctuating markets. This gives their clients an advantage in the financial marketplace.
Personalized wealth management means that your portfolio will never be pre-packaged. Your individual needs will be met with a customized plan designed for you by skilled and experienced advisors.
As a top independent financial advisor in Toronto, the Olympian team works with each client personally to determine the optimal approach for their current needs and situation as well as their future goals.
Ethics-Driven Investment Management
Part of what makes Olympian Financial into such a competitive financial advisor in Toronto is their commitment to operating under a core set of ethics. This helps build long-lasting client relationships founded on trust.
These core set of ethics include:
- Embodying Integrity: Includes providing objective, impartial, and complete information to clients, staying up to date on industry trends, maintaining independence, and more
- Fostering Relationships: Includes maintaining a supportive, team-based environment, bringing value to clients, treating all individuals with dignity and respect, and more
- Building Success: Involves using every possible tool, innovation, and technology to deliver value and continually improve results
Rating Summary
Olympian Financial offers smart, strategic financial and investment management designed to fit each client’s needs perfectly. Their dedicated team takes the time to custom craft each portfolio and manage them proactively.
However, our review found that Olympian Financial has some room for improvement in how the firm communicates its value. It’s difficult to find details on specific services offered through Olympian Financial’s website, which makes it challenging for potential clients to fully evaluate the firm. For this reason, we’ve scored them with 3-stars.
By elaborating on the firm’s full range of financial capabilities, Olympian Financial could easily improve both their value proposition to new clients and their rating as a top financial advisor in Toronto in the future.
Conclusion – 2019 Top 11 Best Financial Advisors in Toronto, Canada
Everyone’s needs may differ when it comes to financial planning, which makes it important to choose the best Toronto financial advisor to work with. Whether you’re in the high-net-worth category or just starting out building up your assets, one of these firms can help with a tailored plan.
Once you’ve used differentiating factors, like the wealth levels each top-rated financial planning firm works with or the specialties they offer, you can narrow down this list to about 3 to 4 that you feel could be a good fit.
Many of the best Toronto wealth management firms offer a complimentary initial call or meeting so you can ask specific questions, tell them a little about your financial goals, and decide whether they’re a good match for you.
After finding the best financial advisor in Toronto to work with, you can enjoy some peace of mind knowing your financial future has a plan to help you achieve security and achieve your life goals.
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Image sources:
- https://pixabay.com/photos/toronto-canada-cn-tower-skyscrapers-1426205/
- https://cumberlandprivate.com/
- https://www.frontwater.ca/
- https://www.newportprivatewealth.ca/
- https://www.stewartkett.com/
- https://pixabay.com/photos/business-documents-smartphone-3224643/
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