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The 5 Best Financial Advisors in Edmonton

The 5 Best Financial Advisors in Edmonton

  • Qualifications - To ensure they have extensive knowledge and experience, we looked at their credentials and professional affiliations.
  • Services - We checked the variety of offerings so they can cater to clients with different financial goals.
  • Approach - We based this on the professionalism, capabilities, and trustworthiness of the financial advisors to make sure the client is in good hands.
  • Accessibility - Communication is key, which is why we picked advisors who are easy to reach and have reasonable fees that make them accessible to many.

Wondering how to manage your money for your financial future? Luckily for you, you don’t have to do it alone now. 

Gone are the days of loonies being stuck dormant in your bank account! With the help of the best financial advisors in Edmonton, you can actually put together a plan to reach all of your future goals.

1. Bilyk Financial

Bilyk Financial's Homepage

Services: Investment management, risk management, estate and legacy planning, tax planning, insurance, cross border planning, group benefits

Website: https://thebilykteam.ca

Address: 4769 50 Ave, Vegreville, AB T9C 1L1, Canada (Head Office)

Contact Details: 780-632-6770, [email protected]

Office Hours: Monday – Friday: 9:00 am – 5:00 pm

Google reviews score5/5
Total reviews5/5
Score consistency5/5
Qualifications5/5
Years of experience5/5
Credentials5/5
Services5/5
Approach5/5
Accessibility4/5

Pros

  • Has free consultations on Saturdays
  • Has several affiliations
  • Uses a process-oriented approach
  • Offers a variety of services
  • Provides cross-border planning

Cons

  • Limited slots for Saturday consultations

Bilyk Financial takes a sophisticated approach to managing investments, tailoring their strategies precisely to your needs.

Unlike most advisors who start with asset allocation, they begin by analyzing different investment strategies based on returns, volatility, and correlations.

Then, they construct a portfolio that blends these strategies to meet your goals effectively.

They focus not only on traditional stocks and bonds but also explore alternative investments for income generation.

Each portfolio includes a mix of public equities, private equities, fixed-income, real estate, infrastructure, credit, and commodities.

They aim to provide above-average, long-term returns by consistently following their investment philosophy.

Additionally, they make a point to regularly visit each city where their clients are located, ensuring personalized service and satisfaction.

2. High Level Wealth Management

High Level Wealth Management's Homepage

Services: Investment management, financial planning, tax returns

Website: https://www.highlevelwealth.ca/

Address: 11212 99 Avenue NW, Edmonton, AB T5K 0G8, Canada

Contact Details: 780-851-8088, [email protected]

Office Hours: Monday – Friday: 9:00 am – 9:00 pm, Saturday – Sunday: 10:00 am – 5:00 pm

Google reviews score5/5
Total reviews5/5
Score consistency5/5
Qualifications4.5/5
Years of experience4/5
Credentials5/5
Services4/5
Approach5/5
Accessibility5/5

Pros

  • Has flexible hours; open daily
  • A CFA Chartholder
  • A registered portfolio manager
  • Utilizes different approaches
  • Does thorough assessments

Cons

  • Less than 5 years in the business
  • Number of services are a tad limited

High Level Wealth Management earns a spot on our list of the best financial advisors in Edmonton because the company’s a registered portfolio manager. What that entails is they can manage the client’s investment portfolio, which can be convenient.

Although they were only founded in 2019, which isn’t a lot of years in the industry, we still included them because of their qualifications. Founder, Kent Akgungor, worked for ten years in the institutional investment industry.

We also found that High Level Wealth Management is a CFA (Chartered Financial Analyst) Chartholder. It means they’ve completed the program and are knowledgeable in investment management.

Their services include financial planning, investment management, and tax returns. While we like their specializations, their offerings are just a tad limited compared to others on our list.

On a good note, we appreciate their incredible approach if you’re looking for a financial advisor. We learned that they take positive elements from robo-advisors and traditional firms to make the best strategies instead of sticking to one solution.

In addition, we like that they don’t stick to standard questionnaires to assess the client’s financial affairs. We appreciate that they do thorough interviews in order to fully understand the financial goals and circumstances.

Plus, we like that their office is open daily, which is pretty unique as other Edmonton financial advisor companies are not. They also have flexible hours and accept evening consultations—convenient!

3. Dehaan Private Wealth

Dehaan Private Wealth's Homepage

Services: Full financial planning, investment management, insurance and risk management, tax planning, etc.

Website: https://www.dehaanprivatewealth.com/

Contact Details: 780-777-5877, [email protected]

Office Hours: By appointment

Google reviews score5/5
Total reviews5/5
Score consistency5/5
Qualifications5/5
Years of experience5/5
Credentials5/5
Services5/5
Approach5/5
Accessibility4/5

Pros

  • Always accepts new clients
  • Offers free financial consultations
  • All advisors are accredited

Cons

  • Sticks to online appointments only

Dehaan Private Wealth caught our attention because of their qualifications. Clients will get to work with accredited professionals with almost a decade of experience, which we believe can put anyone at ease when it comes to talking about financial goals.

Their financial advisors are also Certified Financial Planners, ensuring they follow the highest standards. Because of this, we also learned that they can cater to both new business owners and high-net-worth individuals.

Another advantage is their wide reach. They don’t just stick to Edmonton but also offer their services to Alberta and other provinces, making them a good choice for clients with investments in other places.

Plus, we appreciate that they offer free financial consultations. However, they mainly stick to online appointments, which is a bummer for clients who prefer face-to-face meetings but an advantage to others due to the flexible hours.

On the bright side, we found that their remote work allows them to accept new clients everyday. That makes them accessible!

As for their services, we like the variety, including full financial planning, investment management, and tax planning. It’s also nice they cater to simple and complex financial goals, which makes them dependable in our books!

Finally, we love Dehaan Private Wealth for their approach. Their clients have praised their financial advisors for being attentive, patient, and honest—qualities that deserve massive points!

4. IG Wealth Management

IG Wealth Management's Homepage

Services: Investment solutions, retirement planning, mortgage solutions, estate planning, insurance, etc.

Website: https://www.ig.ca/en

Address: 10180 101 St NW Suite 2610, Edmonton, AB T5J 3S4, Canada

Contact Details: 780-448-1988

Office Hours: Monday – Friday: 8:30 am – 4:30 pm

Google reviews score4/5
Total reviews3/5
Score consistency4/5
Qualifications5/5
Years of experience5/5
Credentials5/5
Services5/5
Approach5/5
Accessibility4/5

Pros

  • Almost a century in the business
  • Received several awards
  • Has 3 locations in Edmonton
  • Has a large team
  • Offers a wide variety of services

Cons

  • Has higher management fees

For us, IG Wealth Management is a staple in the financial planning industry in Canada. It’s because we were impressed with their experience when they first opened their office in 1926—that’s almost a century!

In 2018, we learned that they rebranded to IG Wealth Management but continued to provide the same level of service. We found they’ve also had clients that stayed with them for years.

Another thing worth highlighting is the awards they’ve received over the years. They earned the CIA Corporate Citizenship Award in 2009 and the Red Cross Power of Humanity Award in 2011.

We were also thrilled to find out that they have three locations in Edmonton, making them an accessible financial advisor to many. It’s also nice that they have a large team, which means they can cater to many clients at once.

Plus, since they have many financial advisors in Edmonton, they can cater to simple and complex financial plans. Many have been with IG Wealth Management for years, which we appreciate since it shows their knowledge.

Another thing worth noting is their wide variety of services, such as investment solutions, retirement planning, estate planning, and cash management.

Plus, we like that they provide a unique portfolio for each client with the best possible financial solutions, depending on the situation. We found that it ensures that the client’s financial goals are discussed thoroughly.

However, being a big company sometimes means higher rates. The clients we surveyed mentioned the high management fees, which makes them not as accessible to Edmontonians as we’d like.

5. Cornerstone Insurance Brokers Ltd.

Cornerstone Insurance Brokers Ltd Homepage

Services: Full financial planning, term and whole life insurance, critical illness and disability insurance

Website: https://www.cornerstoneins.ca/

Address: 10520 178 St NW #201, Edmonton, AB T5S 2J1, Canada

Contact Details: 780-489-8080, [email protected]

Office Hours: Monday – Friday: 8:30 am – 4:30 pm

Google reviews score4.9/5
Total reviews5/5
Score consistency5/5
Qualifications5/5
Years of experience5/5
Credentials5/5
Services3/5
Professionalism5/5
Accessibility5/5

Pros

  • Almost a century of experience
  • Available for in-person and virtual appointments
  • Buys insurance in behalf of client
  • No insurance sales pitches

Cons

  • Doesn’t specialize in financial planning
  • Not ideal for corporations

One of our top financial advisors in Edmonton is Cornerstone Insurance Brokers Ltd. Their years in the industry are impressive—it’s 90 years!

But the thing is, they’re not solely a financial advisor business as they mostly work as insurance brokers. Sure, it’s a setback but we don’t mind too much because they offer financial planning services.

We like that they offer full financial planning services, including retirement planning, income protection, estate planning, and savings and cash flow management.

It’s also nice that they don’t sell insurance, which we found reduces the risk of sales pitches. Instead, they can buy it on behalf of the client since they have insurance brokers on the team.

Cornerstone Insurance Brokers Ltd. focuses on advising individuals and families. While we think that’s an advantage for many Edmonton residents, it is a setback for large businesses, like corporations.

One more thing we appreciate is that their financial advisor is also a Certified Financial Planner. In our eyes, that’s a massive advantage because it adds to the expertise and knowledge.

Speaking of accessibility, we were happy to learn that they offer in-person and virtual appointments. It’s an advantage for busy clients since there’s no need to drive to their office and brave the traffic.

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