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5 Best Financial Planners in Calgary

5 Best Financial Planners in Calgary

  • Qualifications – We checked the financial planner’s certifications, scope of expertise and track record of successful client cases.
  • Financial strategy – The planner’s approach to crafting effective financial roadmaps that are suitable for their clients' standing and goals.
  • Availability and scheduling – We chose planners who can accommodate their clients on time, have flexible schedules, and handle each client session efficiently.
  • Client support – It’s crucial to address clients with urgency and acknowledge any concerns involving their services.
  • Price – We listed financial planners with reasonable rates, considering their pricing schemes for hourly rates and financial plans.

Tired of feeling like you’re in a financial maze, blindfolded? Fear not—we’ve curated a list of the top financial planners in Calgary.

Whether it’s to retire in style, save for that dream vacation, or make your money work smarter, these experts are here to light the path to financial success.

1. Bilyk Financial

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

Address: 4769 50 Ave, Vegreville, AB T9C 1L1

Contact Details: +1 780-632-6770; [email protected] 

Operating Hours: Monday – Friday: 9:00 AM – 5:00 PM

Website

Google reviews score5/5
Facebook reviews score5/5
Yably reviews score5/5
Total reviews5/5
Score consistency 5/5
Qualifications5/5
Certifications5/5
Scope of expertise5/5
Track record5/5
Financial strategy5/5
Effectiveness5/5
Approach5/5
Availability and scheduling4.5/5
Client support5/5
Price (A higher score means better value)5/5

Pros

  • Boasts over 50 years of experience
  • Maintains an impressive 99% client retention rate
  • Operates with complete fiduciary duty
  • Provides complimentary consultations

Cons

  • Closed on weekends

For over 50 years, Bilyk Financial has been working with families, individuals, and organizations across Canada. From what we’ve seen, their commitment to personalized portfolio strategies and thoughtful planning is outstanding!

Bilyk Financial offers a top-tier investment management service tailored precisely to your needs.

Unlike many advisors who start with allocating assets across different classes, they take a unique approach.

They first assess a range of strategies based on returns, volatility, and correlations, then craft a portfolio that combines them to best meet your goals. This includes venturing beyond traditional stocks and bonds into alternative investments, which can be great for generating income.

Their portfolios cover various investment options like public equities, private equities, fixed-income, real estate, infrastructure, credit, and commodities.

They aim to deliver above-average, long-term returns while managing risks consistently. Additionally, they make a point of regularly visiting the cities where their clients are based, showing their commitment to personalized service.

2. MRG Wealth

Services: Financial planning, retirement, insurance, investments, risk management, tax optimization, estate

Address: 4838 Richard Rd SW Suite 300, Calgary, AB T3E 6L1

Contact Details: +1 403-999-4500; [email protected] 

Operating Hours: Monday – Friday: 8:00 AM – 5:00 PM

Website

Google reviews score5/5
Facebook reviews score5/5
Total reviews4/5
Score consistency 5/5
Qualifications5/5
Certifications5/5
Scope of expertise4/5
Track record5/5
Financial strategy5/5
Effectiveness5/5
Approach5/5
Availability and scheduling4.5/5
Client support5/5
Price (A higher score means better value)4/5

Pros

  • 100% independent firm
  • Voluntarily reaches out and updates clients
  • Has a holistic wealth management system

Cons

  • Closed on weekends
  • Requires a client minimum of $500k investable assets

What we appreciate about MRG Wealth is its complete wealth management system. It brings together six key elements of a client’s financial life, helping them unlock synergies and value for a richer life experience. 

Based on what we’ve gathered, these components include financial management, tax optimization, risk management and insurance, retirement planning, investments, and estate planning.

Also, kudos to them for their 100% independence and lack of ties to any specific product or company. We think this independence allows them to focus solely on achieving the best financial results for their clients without any pressure to meet quotas or promote products.

On that note, some clients have mentioned that they stick with MRG Wealth as their financial planners because their previous advisors eventually tried to sell them products that didn’t match their goals.

But we’re a little bummed that they require clients to have a minimum of $500,000 in investable assets, which might not suit everyone’s situation.

On the bright side, we appreciate their skill in serving clients, whether they’re families or business owners. One thing that stands out is their regular communication, like how they keep in touch with families, not just with financial updates but also by celebrating milestones and personal goals.

3. Finovo

Services: Financial planning, retirement planning, cash flow and budgeting analysis, household finance processes, financial snapshot, goal planning 

Address: 330 5 Ave SW Suite 1800, Calgary, AB T2P 0L4

Contact Details: +1 587-333-3280; [email protected] 

Operating Hours: Tuesday – Friday: 9:00 AM – 5:00 PM

Website

Google reviews score5/5
TrustAnalytica reviews score5/5
Total reviews3/5
Score consistency 5/5
Qualifications4.5/5
Certifications5/5
Scope of expertise4/5
Track record5/5
Financial strategy5/5
Effectiveness5/5
Approach5/5
Availability and scheduling3.5/5
Client support5/5
Price (A higher score means better value)5/5

Pros

  • No minimum investment or asset requirement
  • Fee-only financial planner
  • Offers complimentary call
  • Great with dual-income households

Cons

  • Closed on Saturdays to Mondays
  • Doesn’t specialize in handling business owners

Finovo specializes in financial planning, designed especially for busy professional couples. They provide services that extend beyond the usual financial planning.

We like that they understand the unique financial challenges and advantages of families with two incomes. Whether it’s saving on taxes, handling unexpected money, or helping with different savings goals, they have the knowledge and tools to help families succeed.

Another thing we love is that they don’t set a minimum investment or asset requirement because they believe everyone deserves access to financial well-being. It’s a big plus for us, especially since many financial planners or firms usually require a benchmark.

In addition, they’re an excellent option for those on a tight budget because they operate on a fee-only basis. We think this is perfect for clients looking to minimize costs and concentrate solely on services that address their goals and preferences.

Also, their two-year financial planning cycles with quarterly check-ins ensure they cover all aspects of a client’s financial life.

Just a heads up, from what we’ve seen, they don’t specialize in serving businesses and aren’t tax preparation experts. This means they often outsource and collaborate with third-party CPAs.

Regardless, we think Finovo is a solid choice for dual-income households seeking affordable financial planners. 

4. Edward Jones

Services: Private corporate strategy, divorce settlements, retirement income planning, inheritance management, pension decisions, tax planning, risk management, business succession, asset management

Address: 7750 Ranchview Drive N.W. Unit 16 Calgary, AB T3G 1Y9; other Calgary locations

Contact Details: +1 (403) 208-4987 

Operating Hours: Monday – Friday: 10:00 AM – 6:00 PM

Website

Google reviews score5/5
Total reviews2/5
Score consistency 5/5
Qualifications4.5/5
Certifications5/5
Scope of expertise4/5
Track record5/5
Financial strategy5/5
Effectiveness5/5
Approach4.5/5
Availability and scheduling4.4/5
Client support5/5
Price (A higher score means better value)3.5/5

Pros

  • Has many financial experts
  • Offers free initial meeting
  • Has many Calgary locations 

Cons

  • Requires a minimum of $25,000 on your account
  • Slightly pricier than others

A standout feature we noted about Edward Jones is the extensive community of financial experts in the company and their many locations in Calgary. This means they’re more accessible to a wider range of clients, which we found to be highly convenient.

Plus, we appreciate that they have a handy tool on their website where you can search for financial planners by location or name. It makes it simpler for clients to find one nearby and choose the profile that best suits their needs.

We’re also pleased that they provide free initial meetings, giving newcomers the chance to have a quick chat about their financial goals and situation. This gives clients the space to make a well-informed decision about whether or not to move forward.

On the downside, we’re a little disappointed that you need a minimum of $25,000 in your account to qualify for portfolio management. This means they mainly serve clients and businesses with solid financial footing.

We also noticed that their portfolio management fee starts at 1.5% annually, with lower rates for higher asset levels. It’s worth noting that this is slightly higher than the average rate of 1%.

Still, it’s hard to ignore the fact that Edward Jones and their team of financial planners and advisors offer great accessibility and convenience for those seeking a personalized working relationship.

5. Up Financial Inc.

Services: Financial planning, investment management, liquidity events, tax planning, risk management, estate planning, corporate investments, group benefits, group retirement plans, shareholder agreements

Address: 396 11 Ave SW, Calgary, AB T2R 0C5

Contact Details: +1 587-316-4070; [email protected] 

Operating Hours: Monday – Friday: 8:00 AM – 6:00 PM

Website

Google reviews score4.8/5
Facebook reviews score5/5
TrustAnalytica reviews score5/5
Total reviews5/5
Score consistency 4.9/5
Qualifications4/5
Certifications5/5
Scope of expertise3/5
Track record5/5
Financial strategy5/5
Effectiveness5/5
Approach5/5
Availability and scheduling4/5
Client support4/5
Price (A higher score means better value)5/5

Pros

  • No asset minimum requirement
  • Excellent communication
  • Provides personal and corporate services

Cons

  • Has a small team
  • Doesn’t specialize in insurance planning

At Up Financial Inc., they focus on offering sophisticated investment advice and complete financial planning services. With their extensive experience, they’ve been advising senior executives, company founders, entrepreneurs, and multi-generational families on all aspects of their financial journey.

We appreciate that they give clients access to diverse investment opportunities without burdening them with costly professional fees. They do this by applying fee-based practices and charging a set rate for their services.

On that note, we love that they don’t have asset minimums, which makes it easier for clients to get started. This means even those who are just beginning to build their portfolio can benefit from the company’s investment expertise.

Another aspect we found worth noting is that Up Financial has the skills to handle both personal and corporate services. From estate planning to group retirement plans, we think it’s pretty impressive how they cater to different clients.

However, we’re a little hesitant about their small team, which might limit how many clients they can take on at once. And it’s a bit of a shame that they don’t specialize in insurance planning, unlike many other firms.

Nonetheless, we have to give Up Financial credit for their excellent track record of taking care of their clients. Many have praised their team for being communicative and informative, which is always a plus in our books!

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