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Financial advisors in Elliot Lake

2 advisory teams and firms in Elliot Lake, Ontario.

Annie CaronElliot Lake
Team at Edward Jones
- Portfolio management and investment advice
See profile →
David P WaglerElliot Lake
Team at Edward Jones
- Portfolio management and investment advice
See profile →

Elliot Lake in figures

11,372residents in 2021 (+5.9% since 2016)

$50,000median total household income, 2020

60.8%of households own their home

$150,000median dwelling value

39.9%aged 65 and over

12.1%of 25-64 year-olds hold a bachelor's degree or higher

Source: Statistics Canada, 2021 Census of Population (2020 incomes).

Wealth planning issues in Elliot Lake

Working in energy in Elliot Lake: stock options and early retirement?

6.9% of jobs in Elliot Lake are in this sector, against 1.3% across Canada (2021 census). Stock options and employer shares concentrate risk in one sector; diversifying and planning the exit matters.

When to take CPP and how to draw down a RRIF in Elliot Lake?

39.9% of Elliot Lake residents are 65 or older. When to take CPP and OAS, and in which order to draw from the RRIF, TFSA and non-registered accounts, is where retirement income is decided.

How long will your savings last? →

Where to invest your savings in Elliot Lake: RRSP or TFSA?

Only 22.6% of tax filers in the Elliot Lake area report dividend or interest income (Statistics Canada). Much of the savings sits idle: RRSP, TFSA and diversified investments change that.

RRSP or TFSA? →

Savings and high incomes in the Elliot Lake area

9.7%of tax filers contributed to an RRSP

$2,600median RRSP contribution

Among people with income in the Elliot Lake area, in 2023:

22.6%report dividend or interest income (median $570)

5.6%report capital gains (median $1,530)

31.7%receive a private pension (employer plan, RRIF, annuity)

7%have a total income of $100,000 or more

Source: Statistics Canada, tables 11-10-0044-01 (RRSP contributors) and 11-10-0055-01 (high income tax filers, national thresholds, total income), 2023; T1 Family File, tables 11-10-0004-01, 11-10-0007-01, 11-10-0067-01 and 11-10-0070-01, 2023. Census metropolitan area or agglomeration.

Frequently asked questions

How many financial advisory firms are there in Elliot Lake?

Advisor Index lists 2 advisory teams and firms in Elliot Lake, Ontario: independent firms whose website shows their registration, and teams published by the large networks in their advisor locators.

How do I check a financial advisor in Elliot Lake?

Look the person up in CIRO's AdvisorReport and with your provincial securities regulator, ask which credential they hold (CFP, QAFP, or a title protected by your province), and ask how they are paid: fees, commissions on products, or both.

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Waterloo · 47
Etobicoke · 45

Check any advisor in the CSA National Registration Search and CIRO's AdvisorReport before you commit. No firm pays to be listed.