Business Details
50+ Years
experience
Your Trusted Partner for Financial Planning Solutions
Colosimo Financial has been dedicated to empowering families with comprehensive financial solutions since 1959. Founded by Jim Colosimo, our firm has built a legacy of personalized advice in retirement planning, estate strategies, investment management, and insurance. Our team of seasoned professionals, including Certified Financial Planners and CPAs, combines decades of experience with a client-centric approach to address unique financial goals. We employ a tactical investment strategy that prioritizes capital preservation and growth, distinguishing ourselves from traditional buy-and-hold methodologies.By fostering open, comfortable relationships with clients, we ensure tailored plans that align with individual aspirations while collaborating with external accountants and legal advisors for holistic solutions. Our commitment to excellence is reflected in our team-based approach, ensuring every client benefits from the collective expertise of our five-member professional staff.
Services
Financial Planning
Investment Management
Estate Planning
Risk Management
Insurance Services
Details
- Year established: 1959
Highlights and features
- We offer personalized financial plans tailored to unique client goals and life circumstances.
- Our tactical investment strategy prioritizes capital preservation and market opportunity capture.
- Our team includes a financial expert with 30+ years of experience and CPA-level tax expertise.
- We maintain a comfortable, conversational environment to foster open client communication.
- Our multidisciplinary team approach ensures comprehensive advice from multiple professional perspectives.
Associations and certifications
- CFP
- CLU
- CHFC
- CIM
- CPA
- Canadian Investor Protection Fund
- Canadian Investment Regulatory Organization
What people say
Personalized service
Deep expertise
Comfortable environment
Long-term relationships
Professional team
Services
Financial Planning
We develop customized financial roadmaps addressing retirement goals, estate strategies, and life transitions. Our process involves detailed projections and ongoing adjustments to maintain alignment with evolving client needs. By understanding individual circumstances, we create actionable plans that withstand market fluctuations and personal changes.
Investment Management
Our tactical investment approach combines quantitative analysis with macroeconomic insights to optimize portfolio performance. We offer both managed accounts focused on stocks and ETFs, and traditional mutual fund portfolios tailored to risk tolerance and financial objectives. Regular reviews ensure strategies remain aligned with market conditions and client goals.
Estate Planning
We help clients navigate complex estate tax implications and administrative processes through strategic planning. Our services coordinate with legal and accounting professionals to implement solutions that minimize tax burdens, protect assets, and ensure smooth wealth transfer according to client wishes.
Risk Management
Our risk assessment process identifies protection gaps and opportunities for tax-efficient wealth preservation. We recommend insurance solutions that safeguard dependents, support business continuity, and enhance estate values while integrating with broader financial strategies for comprehensive protection.
Tax Planning
Leveraging CPA expertise, we develop tax-efficient strategies that maximize wealth retention across generations. Our approach coordinates investment decisions with estate plans to reduce tax liabilities while maintaining compliance with regulatory requirements and optimizing financial outcomes.
People
Mark J. Colosimo
Portfolio Manager
Third-generation financial advisor with CFP, CLU, CHFC, and CIM designations. 30+ years experience in investments and insurance. Active community volunteer with St. Joseph's Foundation for three decades.
Bill Penko
Wealth Advisor
CPA with decade of wealth management experience. Combines tax expertise with investment knowledge. Previously worked in public accounting and bank wealth management. Committed to continuing education in financial planning.
Chelsey Lamppu
Investment Advisor Assistant
Licensed assistant with Canadian Securities Course certification. 5+ years supporting investment advisors. Graduated from Lakehead University with Women's Studies degree. Passionate about outdoor activities with family.
Lesley Massey
Administrative Assistant
30-year finance industry veteran with interior design background. Coordinates office operations and client communications. Enjoys Lake Superior living with family and three dogs. Connects with clients through personalized administrative support.
Natalie Haglin
Administrative Assistant
Local Thunder Bay resident with 15+ years in financial services administration. Outdoor enthusiast and gardening hobbyist. Provides client support through organized office management and personalized communication.
Questions
What financial services do you specialize in?
We specialize in retirement planning, investment management, estate strategies, and risk management solutions tailored to individual client needs.
How do you personalize financial plans?
We conduct in-depth consultations to understand your unique goals, risk tolerance, and life circumstances before developing customized strategies.
What investment approach do you use?
Our tactical investment strategy combines quantitative analysis, fundamental research, and macroeconomic insights to optimize portfolio performance.
How do you collaborate with other professionals?
We work closely with your accountants and legal advisors to ensure coordinated, comprehensive financial solutions that align with your overall plans.
What areas do you serve?
While based in Thunder Bay, we serve clients throughout Northwestern Ontario and support remote advisory relationships for select services.
