Nelson Gonchar Wealth Management Group

Phillip Nelson is a consummate professional and problem-solver. He provides his clients with complete, integrated wealth management services to help them protect and enhance their wealth, plan proactively for life’s stages and challenges, simplify their lives, and enjoy financial confidence. Phillip finds it very rewarding to learn a family’s goals, examine their unique situation, and then devise the best money management, tax optimization and overall wealth plan to help them achieve success as they envision it. Having advised 400+ physicians and a gamut of other professionals and entrepreneurs, Phillip has a track record for earning trust and building long-lasting relationships.

 

Phillip joined BMO Private Wealth early in 2022 with his trusted colleague, Spencer Gonchar. Together, they created the Nelson Gonchar Wealth Management Group after working at MD Management for several years. Phillip is proud to have advised many physicians since they were residents. He has stood by their side and helped them to be financially confident as they started their practice, paid down debt, married, started a family, grew their practice, and achieved other life milestones.

 

Phillip holds the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) designations. Earlier in his career, he worked with BMO Financial Group as an Investment and Retirement Planner, Financial Services Manager and Relationship Management and Direct Banking Manager.

 

While earning his Bachelor of Applied Business from George Brown College, Phillip developed his passion for the markets. He has a strong technical background and excels in tax strategies – they are his passion and he loves reading up on new developments. Fascinated by the world of economics, Phillip has developed a strong understanding of the intricacies of the markets, the news media and how both can impact an individual’s portfolio.

 

In his personal time, Phillip volunteers as Treasurer with a new charity called the Affiliation for Inspiring Youth Upliftment (afiyuenterprise.com), which provides youth mentorship and promotes mental health awareness in Durham Region and East Scarborough communities. He formerly served on the board of Hope Worldwide Canada, which cares for the medical, nutritional, spiritual and educational needs of the underprivileged. When it’s time to relax, you'll find Phillip snowboarding or travelling to explore new places with his wife and two young boys.

Spencer Gonchar is an experienced Investment Advisor  &  Portfolio Manger who specializes in advising physicians and other professionals and entrepreneurs. With expertise, empathy, proven portfolio building skills and a track record for earning trust and building strong and collaborative relationships, Spencer provides the nuanced advice and insight that busy, affluent professionals need through every life event and career decision. He is driven to save his clients’ time and money and help them build wealth and achieve their personal goals as their trusted advisor, confidante and business partner.

 

Spencer joined BMO Private Wealth early in 2022 with his long-time colleague, Phillip Nelson. Together, they created the Nelson Gonchar Wealth Management Group after working at MD Management for several years. Earlier in his career, Spencer worked for a few years at TD Bank. Spencer is proud to have advised many physicians since they were residents. He has stood by their side and helped them to be financially confident as they started their practice, paid down debt, married, started a family, grew their practice, and achieved other life milestones.

 

Driven by his passion for the financial markets and economics, Spencer earned the Chartered Financial Analyst (CFA®) designation and an MBA from the Ivey Business School at Western University. He also holds the Certified Financial Planner (CFP®) designation and an Honours Bachelor of Business Administration in Finance from Guelph-Humber University. Spencer believes we should always be learning and truly enjoys the pursuit of knowledge.

 

Spencer’s top priorities are serving his clients with distinction and pursuing the joys of building a healthy, secure and rewarding family life. He and his wife reside in the Bolton/Caledon area and recently welcomed a son. They spend a lot of time staying active through sports and travelling and look forward to their summer cottage vacations. You can often find Spencer hiking with his dog, out on the golf course, or reading a new book. As a former Georgetown OMHA Minor League Hockey Assistant Coach, Spencer looks forward to getting back into coaching once his son is ready to hit the ice.

Mary has worked with Phillip Nelson and Spencer Gonchar for many years and joined BMO Private Wealth with the Nelson Gonchar Wealth Management Group early in 2022. She shares our values and knows our clients and their families extremely well. Mary manages our administrative hub and excels at maintaining friendly client contact, keeping us well organized, scheduling our meetings, and handling all our paperwork and account openings with precision and efficiency.

 

Serving clients in a financial context is deep within Mary’s DNA. Before joining BMO, she supported us as a Regional Administrative Specialist at MD Management and previously worked there as a Regional Investment Administrator and Client Assistant. Prior to that, Mary was a Customer Service Representative at both Monarch Wealth Assurance Agencies Inc. and The Investment Shop Inc. as well as bank teller at TD Bank and an Accounting Clerk at Scotiabank.

 

Mary holds an Honours Bachelor of Commerce from Ryerson University and has also completed digital skills and workforce transformation training through Brain Station. She is an accomplished baker who creates impressive and tempting treats. Mary and her husband enjoy spending time with their two daughters, son and grandchild.