The 10 Best Financial Planners in Toronto [2024]

The average person will spend more than $150,000 on their lifetime and the majority of it is on things they don’t even remember.

If you want to stop living paycheck to paycheck or if you want your money to work for you instead of the other way around, then a financial planner might be able to help. They can give advice on how much money you should save for retirement and what types of investments are best suited for your needs.

Here in Toronto, we are lucky to have a wealth of financial planners to choose from. We’ve compiled a list of the 10 best ones for you to check out.

Summary

How Much Does it Cost to Hire a Financial Planner in Toronto?

Financial planners can be expensive. That’s probably one of the biggest reasons why only about 30% of Canadians have a financial plan in place. But there are ways to make it more affordable. The average fee for a financial planner is around 1-2% of your total investable assets.
But there are a few things you can do to reduce the cost. For instance, many planners will discount their fees for clients who agree to have their money managed through the planner’s firm. You could also try to find a planner who charges a flat rate, which is usually around $2500 – $8000 for a comprehensive financial plan.
$8000 for a comprehensive financial plan. Finally, remember that a good financial planner is worth his or her weight in gold. The advice and guidance you receive can be priceless – especially if it helps you achieve your financial goals.

The Best Financial Planners in Toronto

Now that you’ve learned a little bit about how much it costs to hire a financial planner and who some of the top planners in Toronto are, you can figure out which one is best suited for your needs.
Here is our list of the 11 best financial planners in Toronto:

1. Kind Wealth Financial

At Kind Wealth, experienced financial planners offer comprehensive services for individuals and families, emphasizing personalized solutions. 

The company offers different price points so that everyone can afford the advice they need. Their transparent pricing approach ensures affordability, with services ranging from online consultations to dynamic financial plans that adapt to life changes, promoting financial wellness effortlessly.

Business Information:

Address: 2 Prennan Ave, Etobicoke
Phone: (289) 812-9912
Website: kindwealth.ca

Pros Cons
Has a team of CFAs Can get pricey
Comprehensive planning services for both individuals and families
Different prices avaliable
Personalized services
No hidden fees

Customer Review Highlight:

"It is with great pleasure i give this wonderful business a 5 star review. I have worked with their team since their beginning and firmly trust and believe in their motto of fair clear pricing and community, sustainable investing and being kind. David is a work horse and just a very good person, my advisor from his team has been nothing short of amazing for my families financial goals. I cannot speak highly enough about KindWealth! "
- Paul Venditti

2. Caring for Clients

Caring for Clients is a fee-only planning firm with over two decades of experience. Their dedicated team collaborates with diverse clients to craft customized plans encompassing various financial aspects like cash flow, education, retirement, and estate planning. A free initial consultation ensures tailored solutions to achieve financial aspirations.

Business Information:

Address: 69 Yonge St, Toronto
Phone: (416) 363-8500
Website: caringforclients.com

Pros Cons
Has a team of CFAs Can get pricey
20+ years of experience
Constant support
Personalized services
Free consultation
 

Customer Review Highlight:

"I don't know what we'd do without Rona and the rest of the Caring for Clients team. They have been our most trusted source of guidance and advice for all of our major financial decisions. We know that our financial wellbeing is Rona's priority in working with us. As a bonus, her patience and guidance have allowed me to shift from being absolutely overwhelmed by all things financial (I'm talking nearly fetal position) to feeling that it's not all that complicated after all. I still need her help, but she's helped me understand that it's not so scary as it seemed."
- Dan Trommater

3. Affinity Capital Management Inc.

Affinity Capital Management Inc.

Affinity Capital, a Toronto-based consultancy, focuses on long-term financial goals with personalized advisory services. Acting as a personal CFO for clients opting for fee-based services, they provide comprehensive financial planning covering retirement, insurance, tax, estate planning, and socially responsible investing. Free exploratory meetings ensure customized financial strategies aligned with clients’ values.

Business Information:

Pros Cons
Has a team of CFAs Outsources some areas outside of their expertise
A range of service packages
Support social causes 
Personalized services
Free consultation

Customer Review Highlight:

"I have been with Affinity Capital for about two years. I do not have a lot of money for investments, but the service I have received has been second to none. Anup has always made time for me by phone, email or in person. He responds to every email. He has impressive knowledge about financial products, and always provided me with straight, honest and detailed explanations. Anup never tries to give you anything that you do not want or need. He always focuses on you and your needs as an investor rather than what would profit him. Plus, he is a kind, warm and compassionate person. Highly recommended! "
- Adrianna Thornton

4. Kurt Rosentreter

Kurt Rosentreter brings over 25 years of experience to his clientele, offering custom financial advice without standard fee schedules. His client-friendly approach, covering all aspects of personal finance from pre-retirement planning to estate strategies, ensures that each client receives specific solutions tailored to their unique financial landscape. An important part of his service includes annual reviews to ensure clients continue to receive exceptional value for money in their financial planning endeavors.

Business Information:

Address: 3 Church St #302, Toronto
Phone: (416) 628-5761 ext. 0
Website: kurtismycfo.com

Pros Cons
25+ years of experience Price on the higher end
One-stop-shop for personal finance advices
No minimum client size
Fees are constantly updated
Consitent monitoring of progress
 

Customer Review Highlight:

"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!"
- Maria G

5. Parkhouse Financial

Led by Nathan Parkhouse, a certified planner with extensive credentials, Parkhouse Financial offers tailored investment and insurance solutions designed to maximize results while minimizing risk. They focus on preserving wealth from taxes, managing assets tax-efficiently, and ensuring capital protection against market volatility. Their systematic approach includes consultations and ongoing services, ensuring clients achieve their financial ambitions with confidence.

Business Information:

Address: 111 Richmond St W, Toronto, ON M5H 3K6 
Phone: (416) 838-3617
Website: parkhousefinancial.ca

Pros Cons
15+ years of experience Outsource some jobs to others
Certified Financial Planner (CFP), Chartered Investment Manager (CIM®), and Financial Management Advisor
Knowledgeable in minimizing taxation

Customer Review Highlight:

"We have been working with Nathan for longer than 5 years now, and we've found him and his team to be top notch. They provide well thought out advice on both the strategy and investing levels and are always very quick to respond to any comments, questions, or concerns sent their way. I would highly recommend them to anyone looking for a solid, reliable investment team. Thank you Nathan and gang!"
- Attilio Commisso

6. Merrick Financial Inc.

Merrick Financial, a respected fee-only planning firm, prioritizes helping clients build, manage, and protect wealth through tailored financial plans. Their services cater to diverse needs like inheritance, major decisions, tax issues, and retirement planning, emphasizing personalized solutions for clients across different income levels. Transparent pricing and trusted community reviews make them a reliable choice for financial guidance.

Business Information:

Address: 53 Coleridge Ave, Toronto
Phone: (416) 822-1702
Website: merrickfinancial.ca

Pros Cons
Known for their great financial advices Their may be extra fees for additional communications
Well trusted in the community
More affordable than most
 

Customer Review Highlight:

"We hired Chris to determine if we could retire in our present situation and assuming so, to create a financial plan for our retirement. Chris was amazing and made himself available on extremely short notice so we could make some key decisions quickly. He provided a full analysis of our options and his fees were very reasonable. Other planners were more expensive and unable to give us an appointment for at least a month. I highly recommend you visit Chris ... sooner rather than later!"
- David Foster

7. Buxton Financial

With over 25 years of expertise, Buxton Financial specializes in retirement planning and debt management. They offer individualized plans to facilitate a comfortable retirement lifestyle, integrating estate, tax planning, and more. Their commitment to servicing all client types is evident in their offer of a free initial consultation, which ensures that financial plans are well-aligned with clients’ personal goals.

Business Information:

Address: 150 King St W #232, Toronto
Phone: (416) 628-4502
Website: buxtonfinancial.ca

Pros Cons
25+ years of experience Sometimes difficult to contact
Specializing in retirement
Creates plans based on your lifestyle
Offer referral to other professional advisors
Free consultation
 

Customer Review Highlight:

"Buxton Financial created a Financial Plan responsive to our needs and mapped out a retirement framework well into the future. This plan will be the framework to guide our financial decisions with comfort and less stress. Marlene was very thorough, provided excellent knowledge transfer, and helped us make several critical decisions for our finances. Thank you to Marlene! "
- Baldey Gary

8. Kismet Wealth Group Corp.

Located in the historic St Lawrence Market area, Kismet Wealth Group provides diversified financial and professional services. With a large team of experts, they offer comprehensive wealth management, real estate advice, and more, aiming to significantly increase clients’ net worth annually. They cater to a varied clientele, including professionals and high net-worth families, to meet diverse financial needs.

Business Information:

Address: 694 The Queensway, Etobicoke
Phone: +1 855-683-4381
Website: kismetgroup.ca

Pros Cons
Ideal for business professionals Rate not available on website
Specializing in wealth management
Large team
 

Customer Review Highlight:

"I am a true believer in knowing and understanding your own personal strengths and going to the right people for their strengths - Victor Godinho is just that. Victor has always been our go to person for financial advice, for both, our business and personal endeavors. Victors professional advice is always straight to the point and yet he is extremely compassionate towards understanding our needs in that moment. Victor is always current in his knowledge to provide us the best service possible. Through his expertise and consistency, we have been able to really build a strong trusting relationship with him and the team at Kismet. Where the expertise does not lay with Victor, he is sure to bring us to the right Kismet team member, ready to tackle the next goal. "
- Priya Panchal

9. Rosedale Family Office

Rosedage Family Office efficiently serves families and individuals across North America with over 20 years of experience. They offer a broad range of services from investment management to business planning, always ensuring a tailored fit to family needs. Their long-term approach and experienced team foster relationships built to last, focusing on generational wealth preservation and growth.

Business Information:

Address: 10 Alcorn Ave Suite 300, Toronto
Phone: +1 888-585-1962
Website: advisor.wellington-altus.ca

Pros Cons
100+ years of combined experience Sometimes difficult to contact
Experts in all aspects of financial planning
Long-term approach to managing your finances
 

Customer Review Highlight:

"I have had a great experience with Rocky and the team, my families financial plan is finally in order, simple ideas have been implemented and wrapped in a bow, highly recommend this experienced team of professionals"
- Lola Kinto

10. Objective Financial Partners Inc.

Objective Financial Partners stands out with over 25 years of providing unbiased, fee-only financial, tax, and estate planning advice globally. Their approach catifies a broad spectrum of clients, from those starting at zero net worth up to multimillionaires, delivering services aimed at securing a stable financial future. The focus on educating clients empowers them to make informed decisions, evidenced by a clientele confident in managing long-term goals.

Business Information:

Pros Cons
25+ years of experience Expensive
Flat-fee and hourly fee-only financial planning advice
Works clients from all walks of life
Lots of educational resources on their website

Customer Review Highlight:

"Working with Brenda Hiscock to do a financial plan for me and my partner was one of the most worthwhile expenditures we have ever made. We thought we were in a good position but with Brenda's thorough process and depth of knowledge, we now have a detailed plan and the confidence we needed to pull the trigger on some long awaited goals - like buying a vacation property and early retirement! Brenda was excellent in explaining the pros and cons of various scenarios and providing guidance on a variety of options. I felt like I had a trusted and knowledgeable financial guru in my corner and the outcomes of this financial planning process have literally changed my life. I highly recommend this process for anyone who would like to move from a "gut feeling" of where they sit financially, to a solid plan with which to make confident life changing decisions and I highly recommend Brenda as a skilled professional with a caring personality who derives joy from helping people use this knowledge to fulfill their dreams. I wish I had done this years ago. Thank you again Brenda! "
- Bianca Wong

Things to Consider When Choosing a Financial Planner

Choosing a financial planner to help you achieve your goals can be a big decision. It’s important that you find someone who can explain things in a way that makes sense to you and ask the right questions. Here are some of the most important things to consider:
  • Do they charge by the hour or as a percentage of assets under management?
  • How do they invest their clients’ money?
  • What is the planner’s experience and education?
  • Are they licensed to give financial advice in your province?
  • Do they have a good reputation?
  • Do you feel comfortable working with them?
Finding a financial planner who is a good fit for you is important. Take the time to ask them the right questions and find out as much as you can. Once you’ve found someone, sit down with them and discuss your goals. They should be able to help you create a financial plan that works for your lifestyle and aligns with your values.

FAQs About Financial Planners

A financial planner can help you with a variety of things, such as retirement planning, estate planning, tax planning and investment advice. They can also help you create a budget and stick to it.

A financial advisor typically sells products such as mutual funds, stocks and insurance policies. A financial planner, on the other hand, provides advice on how to best use your money – whether it’s investing, saving or spending.

A good financial planner can help you achieve your financial goals. They can provide advice on everything from saving for retirement to buying a home. They can also help you create a budget and stick to it.

Only you can answer that question. But if you feel like you could use some help with your finances, then a financial planner might be right for you.

Conclusion

As you can see, there are a lot of great reasons to hire a financial planner. They can help you plan for retirement and save more money. And they will investigate your current investments and give advice on how to make them better suited for your goals.
If you’ve gotten this far, chances are that the benefits of hiring a financial planner may outweigh the costs. Now it’s time to find the one best suited for you. We hope this article has given you some ideas on where to start looking and who some of the top planners in Toronto are.
If you require additional financial assistance to pay off your bills, check out our list of the 7 payday loans companies in Toronto.

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