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August 04, 2021

Where to find a fee-only advisor

By Gordon Powers, Sympatico / MSN Finance

It seems that everyone who comes into contact with you and your money calls themselves a financial advisor. But there are significant differences among those vying for your attention, with the smallest group being those that charge only fees for their services.

Following last week’s column about advisor compensation, some readers were wondering where they could find one of these fee-only planners. A good place to start would be The Institute of Advanced Financial Planners which administers the Registered Financial Planner designation, a much more comprehensive program than the more common CFP. Click here to search for an RFP in your area.

Barring that, while hardly an exhaustive list, here are a few firms that offer fee-for-service programs and have an established track record.

Macdonald, Shymko & Company (Vancouver)

PWL Advisors (Montreal)

Ron Graham & Associates (Edmonton)

Second Opinion Investor Services (Toronto)

Smarter Financial Planning (Kelowna)

Stewart & Kett (Toronto)



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...