Best Wealth Management Teams in Canada | 5-Star Advisory Teams 2023

Working wonders with wealth

The 2023 Wealth Professional 5-Star Advisory Teams awards celebrate 58 of the best wealth management teams in Canada. 

Kendra Thompson, a consulting partner for Deloitte Canada, says the 5-Star Advisory Teams stand out by: 

  • bringing together different areas of expertise and offerings in a customizable way  

     

  • spending time to understand and connect with individuals

     

  • helping clients navigate challenges in a personalized manner

 

Thompson adds that often advisors need to “reassure or validate” that changes are not needed to a client’s wealth plan. However, there are times change is required. 

“I find the most effective advisors do that with humility, humanity, and empathy and in a way that is extremely accessible but not passive. They want to do it in a way that brings the client and their family along,” she says.  

 

Experience counts

Based in Edmonton, the Angus Watt Advisory Group is dedicated to becoming the No. 1 financial planning team in Canada. The team consists of four certified financial planners, including a chartered accountant with an MBA and a professional with a Qualified Associate Financial Planner designation. They focus on the “whole life picture”: financial planning, investment strategies, and risk management (insurance).  

J. Angus Watt, founding partner and senior wealth advisor with National Bank Financial Wealth, says, “Our goal is to provide our clients with their financial comfort. We’re there to protect their assets.” 

The team’s competitive differentiators include: 

  • living core values of trust, clarity, and heart  

     

  • maintaining transparency regarding client strategies 

     

  • caring about clients’ families 

     
  • knowing that wealth is far more than money 

     
  • continually evolving with the times 

     

The team’s clients include presidents and CEOs of large corporations, entrepreneurs, farmers, professional and everyday people.  

“We’re really good at what we do,” explains Watt. “We’ve gone through market turmoil, and we’ve got a ton of experience.” 

Showcasing their pedigree, the Angus Watt Advisory Group has also been recognized as: 

Even with that, the firm isn’t standing still. As the business and regulatory environment has changed, Watt’s team has taken appropriate steps. 

“Things like DocuSign have saved us hours and hours,” he says. “From a regulatory standpoint, the notes we have to take now are much more comprehensive on everything we do. So, we’re becoming more bureaucratic, and I have no problem with it – it just takes more time and therefore, we have to be more process-driven.” 

 

“So long as we’ve built the relationship, the investment discipline, the implicit trust, then we have a foundation to move forward with”

Taylor BertoliAbbott Wealth Management

 

Long-term thinking gives an edge 

Based in British Columbia, 5-Star winner Abbott Wealth Management provides comprehensive wealth management, tax and estate planning, business succession planning, and personal physical and mental health management services, among others.  

“The greatest value we add to our clients is our ability to help them when times are more questionable and give them confidence about their future. Our job is to calm that storm. 

“It’s our job to keep a cool hand on the rudder. Without our ability to act as counselors, I think a lot of people would have a lot less success in their retirement and overall life plan,” says Mark Bertoli, partner-owner of Abbott Wealth Management.  

“When COVID hit, the world locked down and the markets were dropping 10% a day. One of our top clients called me and asked, ‘Does this change your investment discipline?’ And I said, ‘Heck, no.’” 

This approach is lauded by Deloitte’s Thompson. She explains, “A great advisor has a plan and on a regular basis they’re assessing that plan, but they shouldn’t be widely diverging from that based on any one thing that happens.” 

Abbot’s client base tends to be business owners and sophisticated investors aged over 45.  

“Our first meeting is a lot about an alignment of values,” says Bertoli. “We’re having this meeting because this is going to be a multi-decade relationship if done right. And we tend to end up with complicated clients – business owners, multigenerational families – where there’s dynamics at play, and we can bring value because we have a team around us.” 

Their competitive differentiators include: 

  • sending clients videos during volatile times  

     

  • offering a formulated onboarding process with video correspondence, gifts, phone calls, emails and off-site meetings 

     

  • weekly and monthly segments on the local Midday News on relevant topics

     

  • cards, gifts, flowers and baked pies for clients’ birthdays, anniversaries and holidays 

     

  • continuous communication through bi-weekly newsletters

     

Taylor Bertoli, a client services administrator with Abbott, says, “So long as we’ve built that foundation for our clients, the relationship, the investment discipline, the implicit trust, then we have a foundation to move forward with. We land the plane the same every time, regardless of [whether] it’s snow or hail or a sunny day.” 

In addition to the 2023 Wealth Professional 5-Star Advisory Teams award, Abbot Wealth Management has won: 

  • the 2023 Franklin Templeton Advisory Team of the Year award 

     

  • the 2022 Wealth Professional 5-Star Advisory Team award 

     

  • numerous international Investment Planning Counsel awards 

 

“Our goal is to provide our clients with their financial comfort. We’re there to protect their assets”

Angus WattAngus Watt Advisory Group 

 

Diligently delivering for clients earns loyalty 

Also based in Alberta, Cresco Wealth Management at Wellington-Altus Private Wealth offers “second-to-none services,” financial and estate planning, behavioural finance coaching, portfolio management and financial literacy education.  

“The Canadian wealth management space is already highly competitive, with numerous players including large banks, independent financial advisors, and asset management firms,” says Peter Kollias, the firm’s senior wealth advisor and portfolio manager. 

This has driven Cresco to keep refining its offerings, especially during the recent economic upheaval. 

 

“This competition has led to a wide range of products and services being offered to the clients,” Kollias explains. “However, with a volatile investing environment across all asset classes, wealth managers had to further elevate their offering with a higher level of customer service, greater communication, and a re-education of back to basics in handling a volatile investment environment.” 

Cresco’s competitive differentiators include: 

  • white-glove service for addressing clients’ needs and requests 

     

  • a proactive approach to client relationships 

     

  • determination to learn the tiny details crucial for customizing service

     

The Cresco team’s clients are advocates for the business, as evidenced by a high referral rate.  

“We believe our long-term strategies provide us with an edge in a marketplace that has a pervasive dependence on short-term news for decision-making,” says Kollias. “We need to stay disciplined, selective, and diversified in our offering.” 

Looking to the future, Kollias expects the firm to develop by: 

  • following a trend toward more independent brokerage financial advisors, like in the US 

     

  • adapting to technological advancements to drive better service quality

     

  • offering more all-encompassing wealth management services

     

All the best wealth management firms in Canada should expect the unexpected.  

“We’re living history, surprise after surprise,” explains business guru Jim Collins. “And just when we think we’ve had all the big surprises for a while, along comes another one. If the first two decades of the 21st century have taught us anything, it’s that uncertainty is chronic, instability is permanent, disruption is common, and we can neither predict nor govern events.” 

 

“We believe our long-term strategies provide us with an edge in a marketplace that has a pervasive dependence on short-term news for decision-making”

Peter KolliasCresco Wealth Management

 

  • Abbott Wealth Management

    Harbourfront Wealth Management
  • Allen Private Wealth

    Allen Private Wealth Group
  • Angus Watt Advisory Group

    National Bank Financial
  • Bakish Wealth

    Richardson Wealth
  • BGY, Services financiers intégrés

    iA Private Wealth
  • Blue Oceans Private Wealth

    iA Private Wealth
  • Bridgeport Asset Management
  • Burton Team of Investment Planning Counsel

    Investment Planning Counsel
  • Clark Financial Advisory Group

    Scotia Wealth Management
  • Cresco Wealth Management

    Wellington-Altus Private Wealth
  • Degelman Pruden Group

    Wellington-Altus Private Wealth
  • Fairway Wealth Management

    National Bank Financial
  • Fox Group

    IG Private Wealth Management
  • Fundamental Wealth

    Harbourfront Wealth Management
  • Generations Financial Solutions

    CI Assante Wealth Management
  • George Sakkas – Lambert, Klimis, Sakkas & Marsh

    ScotiaMcLeod
  • Gilman Deters Private Wealth

    Harbourfront Wealth Management
  • Green Private Wealth

    Harbourfront Wealth Management
  • GreyWolf Wealth Management Group

    Wellington-Altus Private Wealth
  • Himmelman & Associates Financial Advisors

    Manulife Securities
  • Kelly-Gorham Private Wealth

    RBC Dominion Securities
  • Kelson Financial

    Manulife Securities
  • Khajadourian Wealth Management

    Richardson Wealth
  • Luft Financial

    iA Private Wealth
  • McGill Wealth Management

    Manulife Securities
  • Miller & Associates Wealth Management

    Monarch Wealth Corporation
  • MLD Wealth Management

    CG Wealth Management
  • MP Wealth Advisory

    Wellington-Altus Private Wealth
  • NPW Team

    Nour Private Wealth
  • Oakwater Private Wealth Counsel

    Harbourfront Wealth Management
  • Orser Neuhaus & Associates

    Echelon Wealth Partners
  • Perron & Partners

    Cumberland Private Wealth
  • Polson Bourbonniere Derby Wealth Management

    iA Private Wealth
  • Popowich Karmali Advisory Group

    CIBC Wood Gundy
  • PWM Private Wealth Counsel

    iA Private Wealth
  • RapportWealth

    Rapport Credit Union
  • Richie Feindel Wealth Management

    Richardson Wealth
  • RiverRock Private Wealth Partners

    Harbourfront Wealth Management
  • Rosedale Family Office

    Wellington-Altus Private Wealth
  • Spire Advisors

    CI Assante Wealth Management
  • Stenner Wealth Partners+

    CG Wealth Management
  • Stonehaven Family Wealth Partners

    Wellington-Altus Private Wealth
  • Strategic Private Wealth Counsel

    Harbourfront Wealth Management
  • Tetrault Wealth Advisory Group

    CG Wealth Management
  • The CM Group

    CIBC Wood Gundy
  • The Kamitakahara Investment Team

    CIBC Wood Gundy
  • The Maggio Group

    Scotia Wealth Management
  • The McClelland Financial Group

    CI Assante Wealth Management
  • The Morcom Wealth Management Group

    Wellington-Altus Private Wealth
  • The Schmidt Investment Group

    CIBC Wood Gundy
  • The Wong Group

    Wellington-Altus Private Wealth
  • The Wooding Group

    CIBC Wood Gundy
  • Tonge McChlery & Associates

    IG Private Wealth Management
  • Tucker Willson Group

    Scotia Wealth Management
  • TWM Group

    iA Private Wealth
  • Vo-Dignard Provost Group

    National Bank Financial
  • West Oak Family Office

    Wellington-Altus Private Wealth

To identify the 5-Star Advisory Teams for 2023, Wealth Professional asked investors across Canada to nominate their advisory teams and describe the key service offerings that set these teams apart and what value they provide to their clientele. For the purpose of this report, teams were classified as those consisting of three or more advisors.   

To narrow down the list to the final 58 5-Star Advisory Teams, WP reviewed all nominations, examining how each advisory team had made a meaningful contribution to their clients and the financial services industry.  

The 5-Star Advisory Teams report is proudly supported by the Canadian Association of Alternative Strategies & Assets (CAASA). 

CAASA is Canada’s largest association representing the alternative investment industry with more than 370 members nationwide — including alternative investment managers, pension plans, foundations, endowments, family offices, and service providers. Its membership and activities span all alternatives from hedge funds and venture capital to real estate and cryptocurrencies.   

Founded in 2018, CAASA’s mission is to bring Canada to the world and the world to Canada by promoting information sharing, networking, and collaborative initiatives between its members and the industry at large.