On Stompstart by 15 September 2019 · Toronto · Canada
Planswell.
A Toronto free financial planning startup that shut down in 2019, was relaunched by its CEO months later, and went into receivership in 2026.
Finance
Timeline
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- Closed
Planswell shut down and laid off all 57 employees, BetaKit reported, quoting a statement by CEO Eric Arnold posted on the company website.
Closure · Announced - Closed
Planswell Holdings filed for bankruptcy.
Closure · Announced - On record
Planswell Holdings' assets, bought at the bankruptcy auction by Mobd Inc., were resold to Planswell Corp., a new company formed by Eric Arnold, which relaunched the website on 25 February 2020.
On record · Announced - On record
Wealth Professional reported Planswell 2.0 had partnered with more than 8,000 advisers and agents in Canada and the US.
On record · Announced - On record
The Globe and Mail reported that Planswell entered receivership in late April 2026 on an application by lender agent FVP Servicing, owing about US$1.85 million.
On record · Announced - Site checked
The product's site was live.
- Listed on Stompstart
“Building free, unbiased financial plans in under 3 minutes”
As listed on Stompstart
“Building free, unbiased financial plans in under 3 minutes”
Planswell is a free financial planning company. Grow your wealth. Manage your borrowing. Protect your assets. Planswell builds you a free plan that ties investments, insurance and mortgages so you can maintain your lifestyle throughout work and retirement.
- Topics
- Finance
- Location
- Toronto · Canada
In our words: Only a directory excerpt of the listing survives. It described Planswell as a free financial planning company that built plans tying together investments, insurance and mortgages so clients could keep their lifestyle through work and retirement.
Stories
FeaturePlanswell closed in 2019, came back in 2020 and went into receivership in 2026Read the storyPublication record
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