Kandice VincentThe other day, I was staring at my investments like they were a complicated IKEA manual—confusing, overwhelming, and a little bit scary. I knew I needed to get serious about managing my money—but where to start?
So, I did what any reasonable person would do. I asked my financially savvy friends (aka the ones who actually know what an ETF is) for some advice.
After a few coffees and calls here and there, I came up with a list of the top asset management services in Toronto.
If you’re ready to give your finances a glow-up, these are the pros who’ll have your money working smarter, not harder!
How much do asset management services cost in Toronto?
Asset management services in Toronto typically range between 1% to 2% of assets under management (AUM) annually.
Many firms offer tiered pricing, where fees decrease as your portfolio grows. Minimum investment thresholds often start around $500,000 to $1 million, with high-net-worth clients sometimes receiving personalized rates.
How We Chose the Best Asset Management Services in Toronto
1. Newhaven Asset Management Inc.
Newhaven Asset Management Inc., founded in 2007, is a boutique firm specializing in helping high-net-worth clients manage their wealth. They’re all about creating personalized financial strategies that keep you on track to reach your long-term goals.
From portfolio management and estate planning to tax-efficient investing, they’ve got a wide range of services to offer. We love their one-on-one approach to these services—they get to know you and build a plan that fits your unique needs.
They also offer global investment options, so you’re not just limited to local markets. Plus, their impact investing choices are perfect if you want your money to align with your social or environmental values.
However, while they’re great for big portfolios, they might not be the best fit for smaller investors just starting out.
The bedrock of stability in a time of chaos
“Ryan is the bedrock of stability in a time of chaos. He is unflappable in the gale force winds of a pandemic market making me feel quite unflappable as well. Well written, well articulated and well researched makes Ryan a solid man in your corner while the rest of the world gambles on bitcoin and tech stocks. Newhaven isn’t a gamble, it’s a path forward to sustainable wealth and income. I strongly recommend Newhaven Asset Management Inc. for asset management and growth.”
-Taylor Gregory, Google Review
I feel very confident that our savings are in good hands
“Working with Ryan is such a breath of fresh air. He spent a long time meeting with us working out what our assets were and how we could achieve our goals. He gave us a document which provided a clear overview of our situation and the options available to us. He answered all our stupid questions. He is warm and responsive. If you send him an email, you hear back right away. I feel very confident that our savings are in good hands. I am so happy to have found Ryan.”
-E. B., Google Review
2. East West Investment Management Corporation
Since 2009, East West Investment Management Corporation has managed assets for family offices, foundations, and high-net-worth clients.
They focus on tactical asset allocation and active portfolio management, backed by deep research and data—you can trust their moves are smart, strategic, and well-informed!
Along with equities and fixed income, they also offer access to alternative investments like hedge funds and private equity so you have more options to diversify.
What really sets them apart? Their bold, high-conviction strategy—meaning they take strong positions when the research backs it, aiming for higher-than-average returns.
Their approach has serious growth potential, but it comes with a bit more risk. So, they might not be ideal for clients with a lower risk tolerance.
Full trust in the competence and professionalism of the Eastwest team
“I’ve known Richard for nearly 40 years and have been an Eastwest client since he started the business. I have 100% confidence in his integrity and full trust in the competence and professionalism of the Eastwest team. Our stable investment returns have consistently been exactly as expected. No lost sleep knowing our investments are safe and secure under Richard’s oversight.”
-Geoffrey Turner, Google Review
Platinum standard for integrity and discretion
“I am a long-standing client of East West. It would be difficult to imagine a more skilled and experienced investment management team. One of the considerable advantages of being a client is the ability to interact with Richard Phillips, former deputy chairman at CIBC, and an industry expert and veteran. Most importantly, I have the utmost trust in everyone at the firm. They are the platinum standard for integrity and discretion.”
-James Appleyard, Google Review
3. AlphaNorth Asset Management
AlphaNorth was founded in 2007 and has racked up awards from Canadian Hedgewatch, Globefund, and the Canadian Hedge Fund Awards for their top-notch 1, 3, and 5-year returns.
They specialize in small-cap investments and spotting undervalued companies, especially in sectors like tech and healthcare. They find massive opportunities in industries that most people would often overlook.
What’s great about AlphaNorth is how nimble they are. They can quickly adapt to market shifts, making them a solid option for investors chasing rapid growth.
We also like that they even invest in environmental and sustainable businesses since they want their investments to make the world a better place. So your money’s not just growing, it’s making a positive impact.
But, just a heads up: small-cap investments can be more volatile, so if you’re looking for something more stable, this might not be your best bet.
Very proactive approach to managing small-cap cap money
“Incredible access and exposure to the Canadian small cap sector. Alpha North takes a very proactive approach to managing small-cap money in what can be a very volatile sector. An excellent proxy to the Venture Exchange with plenty more upside potential with their exposure to deal flow and warrant coverage on small-cap cap companies.”
-Steve Simmons, Google Review
Great long-term track record and network
“I have been invested with AlphaNorth for several years and have had a positive experience with the team. The Partners have a great long-term track record and network within the small-cap cap space. I would recommend allocating capital to their funds at these levels, given their market intelligence and ability to discover companies that the street is missing !”
-Karen Mate, Google Review
4. Burgundy Asset Management
Burgundy Asset Management works with all kinds of clients, from individuals and families to institutions and foundations. Their approach is all about protecting and growing your money without taking on too much risk.
They focus on solid, long-term returns by doing their homework and being patient with their decisions—a smart strategy if you’re looking for steady growth without the rollercoaster ride.
With a global reach, your investments can even be spread across various industries, keeping your portfolio diverse and better shielded from market fluctuations.
As a bonus, they also offer educational resources for newer investors, making it easy to get started no matter your experience level.
However, Burgundy’s conservative strategies may not appeal to those seeking fast, high-growth options.
Prompt, smart, transparent, respectful and engaging
“My partner and I had 3 cascading life insurance policies with BMO and were looking to renew them, hoping to streamline our overall package of insurance and potentially save on premiums. Our current advisor quoted a significantly higher premium for the same package with BMO and two other advisors we contacted had reasonable rates but nothing special. John Lysack was the quickest to respond to me — prompt, smart, transparent, respectful and engaging, he asked good questions and understood immediately what we wanted to achieve. He had our goals in mind and offered us a terrific policy with RBC — more insurance for a longer period of time for less money than we were paying with BMO. From there, the process was smooth, efficient and throughout it he provided excellent customer care and great, ongoing communication. We would work with John again and recommend him to anyone.”
-Angelina Vaz, Google Review
Will help you to effectively reach your financial goals
“John Lysack is an amazing financial advisor who is well organized and will help you to effectively reach your financial goals. Not only is he a great professional at what he does but he is someone you can relate when expressing your financial situation and where you want to be.”
-abigail hanna, Google Review
5. Flatiron Wealth Management Inc.
Flatiron Wealth Management Inc. has grown its expertise over the years, offering everything from wealth management and insurance to retirement, estate, and corporate planning.
Thanks to their partnership with Q Wealth Partners, they can readily tap into a network of top-tier portfolio managers to guide every investment decision, so you know you’re in safe hands!
Previous clients of theirs that we’ve talked to tell us that their team is super understanding and great to work with. They’ll listen to you and help craft a personalized plan that works for you.
Not sure where to begin? They offer educational resources and webinars to get you up to speed on financial planning.
But if your portfolio is on the smaller side, their higher minimums and more complex services might not be the most cost-effective option.
They really do have our best interests at heart!
“I’ve worked with Andrew and team for over 10 years. Best choice I’ve ever made! My family and I are set up with a solid financial plan thanks to this group’s knowledge and dedication. And best of all, they care! They really do have our best interests at heart! The plans and products they recommend are the very same they utilize for their own families.
You can 100% expect quality and reliable services from a great group of people. I always look forward to our annual meetings!”
-Melanie Fallon, Google Review
Professional, knowledgeable, and provide helpful advice
“My husband and I have had the pleasure to work with the Flatiron team for a couple years and they are professional, knowledgeable, and provide helpful advice with regards to our finances. Everyone we’ve worked with always takes the time to explain complex concepts in a clear and relatable manner.
They have a personalized approach where they carefully reviewed our financial situation, understood our long-term goals, and crafted a strategy that was tailored to our needs. Their attention to detail and proactive advice help us make informed decisions about investments, retirement planning, and tax strategies. Communication is always prompt with check ins during noteworthy times of the year and annual reviews which gives us a chance to see how our portfolio has done over the year.
Overall, Andrew and Christian have been invaluable assets in managing and growing our finances. We highly recommend their services to anyone looking for a knowledgeable, trustworthy, and client-focused financial advisor.”
