Tonge McChlery & Associates rated 5-Stars by the Wealth Management industry
05/18/2021

TM & Associates receives 5-Star Top Team Award for outstanding service

Online PR News – 18-May-2021 – Toronto, ON – Ontario-based Tonge McChlery & Associates has just been recognized in Wealth Professional’s 5-Star Awards. This coveted list spotlights the advisors and teams who are delivering top-notch service to clients, as rated by investors.

“Wealth Professional strives to recognize the best in the wealth management industry. At the heart of that industry are the financial advisors and advisory teams who provide necessary advice to millions of Canadians each year, who are the focus of WP’s latest 5-Star Awards. This report features 5-Star Top Teams from around the country, as well as the 5-Star Advisors from Western Canada and Quebec,” says the Wealth Professional team.

“So what qualities define a 5-Star Advisor? The investors WP surveyed were asked to rank their advisors on communication, portfolio performance, product knowledge, client trust, client knowledge and customer service. Teams were evaluated on similar criteria, in addition to their key service offerings, differentiators and value propositions. For the purpose of this report, teams were classified as those with three or more advisors. The result was truly a snapshot of the future of the industry – those advisors and teams who made the final cut as 5-Star winners are going above and beyond investment management.”

Philip Tonge and Robert McChlery’s practice has roots beyond the four years that Tonge McChlery & Associates has existed. Tonge started his practice in 2001 with Investors Group (IG) and went on to hold numerous roles within the organization. After Jeff Carney took the helm of the firm and began its aggressive transformation, Tonge realized he wanted to go back to the private wealth side and approached McChlery about starting a practice. Since then, they have built a team that offers a full planning process with an enhanced specialization in tax strategies.

“I got to do it all over with the knowledge I have now,” Tonge says. “We started the practice in 2017 with the goal of reaching $100 million in AUM within five years; we did it in just over three. We received lots feedback saying we were offering something that others weren’t – a different level of service.”

Tonge believes the level of planning they emphasized was the differentiator. “Our focus is to help clients with a full planning process,” he says. “Many of our clients are retirees or were self-employed, so we are looking to help with tax and income strategies. We developed the practice to give clients more control of their financial well-being.”

For the full report see issue 9.04 of Wealth Professional magazine out now. To view the list and to find out more about Tonge McChlery & Associates click here: http://www.wealthprofessional.ca/best-in-wealth/5-star-advisors-and-top-teams-2021/355549

-ENDS-

Wealth Professional is Canada's leading independent publication dedicated to financial planners and advice professionals. A key business resource, Wealth Professional provides news, opinion and in-depth analysis of trends and developments affecting the industry. Wealth Professional also offers a series of industry reports that recognize the achievements of key individuals and businesses such as Top 50 Advisors and Women of Influence, as well as providing the latest in business best practice in a continually evolving industry.

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