What does a financial planner do for seniors?

They turn savings and pensions into reliable retirement income, plan withdrawals to limit tax, coordinate CPP, OAS, and other benefits, and build in a plan for future care costs. The goal is confidence that the money will last.

How are financial planners paid?

Some earn commissions on the products they sell; fee-only planners charge a flat or hourly fee for advice and sell nothing. Fee-only avoids a built-in conflict of interest, so always ask how a planner is compensated before you engage them.

Can a financial planner help pay for senior care?

Yes. A planner can model the cost of home care, assisted living, or long-term care against a family's assets and income, and structure withdrawals, insurance, and benefits so care is affordable without running out of money.

Should retirees still work with a financial planner?

Often, yes. The decumulation stage, drawing income down safely, managing tax, and planning for care, is at least as complex as saving. A one-time or ongoing plan can add real security in later life.

How do I choose a financial planner?

Look for a recognized credential (such as CFP), a fee structure you understand, and experience with retirees and care planning. Compare planners below, and ask an advisor if you would like help finding one.

Professional Services

Financial Planners for Seniors

Financial planners help families understand the cost of care and how to pay for it, drawing on pensions, savings, home equity, insurance, and government benefits to build a sustainable plan.

We list 96 financial planners across Canada, averaging 4.9 stars across 3,915 Google reviews. Ranked by our SCP Confidence Score, the strongest right now are McAuley Financial Services, Merrick Financial and Mobius Financial Planning.

Financial Planning for seniors: what to know

For seniors and their families, financial planning comes down to one question: will the money last, and will it cover care if health changes? A good planner helps turn savings and pensions into steady retirement income, coordinates government benefits, and builds in a plan for the cost of home care or a move to a community.

Look for a planner who works with retirees and is transparent about how they are paid. Fee-only planners charge for advice rather than product commissions, which avoids a conflict of interest. Compare planners below, and use our Benefits Finder to make sure no government support is left on the table.

How much does financial planning cost?

Fee-only planners charge for advice (commonly $150 to $300 per hour or a flat plan fee, illustrative); commission-based advisors may have no direct fee

What moves the price: Fee-only versus commission-based advice, whether you want a one-time plan or ongoing management, and how complex your finances are. Figures are typical Canadian ranges for general guidance.

What to look for

A planner experienced with retirement income and funding care, ideally a CFP
Clarity on how they are paid (fee-only, commission, or both)
A written plan that models care costs against pensions, savings, and benefits

Find financial planners in your city

Pick your city to compare local financial planners, each with a Confidence Score, Google rating, and recent reviews.

Top-rated financial planners

5.0 average rating3,915 Google reviewsacross 96 financial planners

McAuley Financial Services

Ottawa, ON515 Legget Dr Ste 930, Ottawa, ON K2K 3G4

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5.0(101 reviews)

Confidence ScoreGood confidence

Helps clients plan for retirement and prepare for life's changes with personalized one-on-one advice from Certified Financial Planners. The firm works with both...

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Merrick Financial

Toronto, ON53 Coleridge Ave, East York, ON M4C 4H4

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5.0(84 reviews)

Confidence ScoreGood confidence

In comprehensive financial planning for life transitions, including retirement planning and pre-retirement assessment. They create detailed, values-based...

Financial Planning

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Mobius Financial Planning

Richmond, BC10271 Shellbridge Way Suite 210, Richmond, BC V6X 2W8

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5.0(66 reviews)

Confidence ScoreGood confidence

Planning offers comprehensive financial planning and wealth management with a focus on retirement income, investment management, and tax efficiency. They work especially with clients...

Financial Planning

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Pick your city above to see every local provider.

Funding & insurance

A one-time, fee-only plan can be money well spent when weighing home care against a move, or deciding how to use home equity. Ask any advisor how they are compensated before you begin.

Frequently asked questions

What does a financial planner do for seniors?: They turn savings and pensions into reliable retirement income, plan withdrawals to limit tax, coordinate CPP, OAS, and other benefits, and build in a plan for future care costs. The goal is confidence that the money will last.
How are financial planners paid?: Some earn commissions on the products they sell; fee-only planners charge a flat or hourly fee for advice and sell nothing. Fee-only avoids a built-in conflict of interest, so always ask how a planner is compensated before you engage them.
Can a financial planner help pay for senior care?: Yes. A planner can model the cost of home care, assisted living, or long-term care against a family's assets and income, and structure withdrawals, insurance, and benefits so care is affordable without running out of money.
Should retirees still work with a financial planner?: Often, yes. The decumulation stage, drawing income down safely, managing tax, and planning for care, is at least as complex as saving. A one-time or ongoing plan can add real security in later life.
How do I choose a financial planner?: Look for a recognized credential (such as CFP), a fee structure you understand, and experience with retirees and care planning. Compare planners below, and ask an advisor if you would like help finding one.

How we rank financial planners

3,915

Google reviews

Ratings and reviews come straight from Google, from real clients across these 95 financial planners, never written by us.

100-point

SCP Confidence Score

Our trust rating decides the order in every list, recomputed as listings are verified and updated.

How financial planners are rated

Google star ratings across 95 financial planners.

4.5 and up93
4.0 to 4.41
3.5 to 3.90
Under 3.51

Confidence Score range

How the 96 financial planners fall across our trust tiers.

High0 communities
Good54 communities
Developing41 communities
Limited1 community

What families are saying

A 4.9 star average across 3,915 Google reviews of 95 financial planners. Here is a sample, straight from clients and families.

“I’ve not always had the best experience dealing with advisors from different financial institutions. Often feeling like my money is all they’re interested in, not my goals. Initial meetings were often the only meetings…no follow ups, no...”

Roel Chang on Novel Wealth

“Alynn and staff are professional and a pleasure to work with. Alynn’s pleasant personality, knowledge and attention to detail has made our retirement planning stress free. Any concerns we have regarding our financial goals are thoroughly...”

Felicia Taylor on Godfroy Financial Limited

“We have dealt with Tetrault Wealth Management for a while now. They have an incredible team and are extremely well oiled machine. Everyone at that office is real and genuine. The motivation and dedication to their clients is a step above....”

Josette Roch on Tetrault Wealth

“Our experience has been nothing short of 5 star service! The entire team at Well Built Wealth has been extremely helpful in walking us through each step and explaining the entire process to us. In addition we found the YouTube videos...”

Deanna on Well Built Wealth

“Thomas is simply outstanding. His team are knowledgeable, detail-oriented, and proactive. They found the perfect coverage for me and my husband, educated us along the way, and regularly review our policies to ensure I'm getting the best...”

Rose Melody Monte on Thomas C. Chan Financial Service

“Absolutely fantastic service! They made the complex mortgage process so easy to understand and helped me every step of the way. I couldn’t have done this without their help. Thank you so much for your dedication! Thank you Mike!!”

이승화 on The McClelland Financial Group