As financial markets roil and inflation climbs, investors are more in need of sound advice than ever before. To aid in that search, Report on Business magazine teamed up with SHOOK Research to present the second annual list of the country’s most effective financial advisors.
Top Wealth Advisors were evaluated and selected by Shook Research and The Globe and Mail. To supplement editorial coverage, advisors had the option to purchase a Sponsor Content profile.
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OUR METHODOLOGY
For a second year, the Canada’s Top Wealth Advisors ranking, developed by SHOOK Research, celebrates the country’s best in the financial industry.
The 2022 ranking reveals year-over-year changes, with some advisors moving significantly up and down the list. These changes are primarily due to two reasons: a significant increase in the number of nominations compared to last year, and the fact that the 2022 ranking does not include production numbers. Production was removed from the algorithm to comply with the client-focused reforms that came into effect at the end of 2021.
Advisors are ranked based on the results of data provided during the nomination and research periods. The algorithm is based on a methodology that includes qualitative elements such as in-person, virtual and telephone due-diligence meetings that measure best practices, plus a review of compliance records. It also includes quantitative measures, such as client retention, industry experience and growth rates. Investment performance is not a criterion because client objectives and risk tolerance vary, and advisors rarely have audited performance reports.
Advisors are nominated by their firms. Firms do not have any influence or impact on if or where advisors are ranked in Canada’s Top Wealth Advisors program. Neither The Globe and Mail nor SHOOK Research receive compensation in exchange for placement on the ranking. This year’s nomination and research periods took place between February and July 2022.
SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Advisors are judged on individual performance, but total team assets are shown, which can include one or more additional advisors.
For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
Canada’s Top Wealth Advisors
