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 130 financial planners across Canada, averaging 4.9 stars across 5,629 Google reviews. Ranked by our SCP Confidence Score, the strongest right now are Godfroy Financial Limited, The McClelland Financial Group and Beacon Hill Wealth Management.

Financial Planning for seniors: what to know

For seniors and their families, financial planning is really about 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 rating5,629 Google reviewsacross 130 financial planners

Godfroy Financial Limited

1304 Lauzon Rd Unit B, Windsor, ON N8S 3N1, Canada

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78/ 100

Good confidence

5.0(251 reviews)

“I have been dealing with Alynn for over 15 years now and she has led us to a truly comfortable retirement. One that my husband and I would not have achieved on...”

Provides: Financial Planning

Helps Windsor-Essex retirees and those within 5 to 10 years of retirement gain clarity on their income, taxes, and overall retirement plan. The firm uses a proven R. Read more

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The McClelland Financial Group

East Tower, 675 Cochrane Dr Suite 701, Markham, ON L3R 0B8, Canada

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78/ 100

Good confidence

5.0(140 reviews)

“Michael and Ingrid at McClelland Group have been managing our financial investments for years and we are very satisfied with the results as well as their...”

Provides: Financial Planning

Helps retirees and families plan for retirement with confidence, using evidence-based investing and personalized strategies. They offer retirement planning,... Read more

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Beacon Hill Wealth Management

1133 Fort St, Victoria, BC V8V 3K9, Canada

Call for Pricing

78/ 100

Good confidence

5.0(106 reviews)

“I had a call with Phil today and oh, he was SO helpful!! I have been stressing about my retirement accounts that are still left in the US (I've been a Canadian...”

Provides: Financial Planning

The team focuses on simplifying your financial life by understanding your goals first, whether retirement, education funding, or estate planning, then designing integrated solutions... Read more

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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

5,629

Google reviews

Ratings and reviews come straight from Google, from real clients across these 129 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 129 financial planners.

4.5 and up127
4.0 to 4.41
3.5 to 3.90
Under 3.51

Confidence Score range

How the 130 financial planners fall across our trust tiers.

High0 communities
Good44 communities
Developing75 communities
Limited11 communities

What families are saying

A 4.9 star average across 5,629 Google reviews of 129 financial planners. Here is a sample, straight from clients and families.

“I met Josh through Ascendant Financial Inc. while working to develop and implement an Infinite Banking Concept (IBC) system for my family. From the start, he has been incredibly helpful in not only explaining how to use the system, but...”

Robert White on Ascendant Financial Inc: Financial Planner - Edmonton

“I have been with Novel Wealth for over a year now and I can confidently say they are amazing. They are super responsive, extremely consultative, and have grown my portfolio significantly in a short period of time. If you are looking for...”

omar abboud on Novel Wealth

“I have been dealing with Alynn for over 15 years now and she has led us to a truly comfortable retirement. One that my husband and I would not have achieved on our own. She is always there to make me feel comfortable with our financial...”

geri thrasher 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

“Working with Aaron and the Well Built Wealth team was an insightful experience. From start to finish, they demonstrated thoroughness, attention to detail, and a commitment to ensuring clarity of all aspects of my financial plan. I am now...”

Sanja Frketich on Well Built Wealth

“Thomas and his colleague Sam was incredibly knowledgeable, professional, and attentive to my needs. They took the time to understand my specific requirements and provided clear explanations of the available options, ensuring that I was...”

Anoop Nair on Thomas C. Chan Financial Service | Life Insurance Vancouver | Retirement Planning Vancouver

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