Eclipse Financial

What Eclipse Financial does

Eclipse Financial is a privately held Canadian financial services firm headquartered in Timmins, Ontario, that delivers group benefits administration, retirement and savings plans, and individual financial planning to organizations and families across northern Ontario. Founded in 1989, the firm operates as a multi-carrier brokerage distributing life, health, critical illness, disability, dental, and AD&D coverage, along with RRSP, TFSA, and Defined Contribution Pension Plans, on behalf of more than 20 carrier partners including Manulife, Canada Life, Sun Life, RBC, Desjardins, and Chubb. The company also provides estate planning, business planning, and investment advisory services to individuals and corporate clients.

The firm's service model is relationship-driven, delivered through a team of Solutions Providers with designations such as RHU and CEBS, supported by client care specialists, in-house TPA claims adjudication and billing staff, and an IT and marketing function totaling approximately 20+ employees. Eclipse operates proprietary technology including the Eclipse Online web portal for group retirement access and claims submission, and the Eclipse Mobile Claims app on iOS and Android for mobile claims and balance management, with integration partnerships for value-added services such as Telus Health's Physician on Demand telehealth and Homewood Health's Employee Assistance Program.

Eclipse generates revenue through two primary streams: commissions and trailer fees from insurance carriers on placed group benefits and retirement products, and professional services fees for individualized financial planning engagements. Pricing is fully custom and quote-based, billed annually, with no public pricing transparency. The go-to-market combines direct outreach by Solutions Providers (phone, email, in-person), client and carrier referrals, content marketing via newsletters and blog content, and targeted paid social advertising on Facebook and LinkedIn. The firm is independently owned with no disclosed external investors or parent company.

Name

Eclipse Financial

Legal name

Eclipse Financial

Website

https://ef.ca

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Eclipse Financial is a privately held Canadian financial services firm based in Timmins, Ontario that provides group benefits, retirement plans, and individual financial planning to organizations and families across northern Ontario via a 20+ carrier distribution model.

Ownership category

akta.pro rank

Product category

Group Benefits and Financial Advisory

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Portfolio Management and Investment Advice (523940)

SIC

Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Investment Advice (6282)

akta.pro primary industry

Estate & Legacy Planning Advisory (FSAEAAAG)

Keywords

• Group benefits administration
• Employee benefits advisory
• Insurance brokerage
• Retirement planning services
• Financial planning advisory

Headquarters

HQ city

Timmins

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance and Financial Product Commissions: Commission-based revenue from selling and administering group benefits, life insurance, critical illness insurance, disability programs, dental care, and retirement savings plans from carrier partners.
2. Financial Planning Advisory Fees: Fees for personalized financial planning services including retirement planning, estate planning, business planning, and investment strategy development for individuals and organizations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Eclipse Financial is an independent insurance brokerage and financial advisory firm that designs, distributes, and administers group benefits, retirement/savings plans, and individual financial planning services for businesses and individuals in northern Ontario. The firm acts as an intermediary between clients and over 20 major Canadian insurance carriers (Manulife, Canada Life, Sun Life, RBC, etc.), providing tailored group health/dental/disability benefits, RRSP/TFSA/Defined Contribution Pension Plans, and personal financial, estate, and business planning advice, supported by proprietary Eclipse Online and Eclipse Mobile Claims digital tools.

Product overview

Eclipse Financial offers a comprehensive suite of group benefits, retirement planning, and financial planning services through its Solutions Provider team. The core product portfolio includes Health Care Benefits (drug, vision, hearing, paramedical, travel insurance), Dental Care, Disability Programs (short/long term), Insurance Products (life, critical illness, AD&D), Wellness Programs (Employee Assistance Program, Physician on Demand), and Retirement & Savings Plans (RRSP, TFSA, Defined Contribution Pension Plans). The company also provides digital tools including Eclipse Mobile Claims app and Eclipse Online portal for claims submission and benefit management. Financial planning services span investments, business planning, estate planning, and critical illness/disability planning for individual and corporate clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Care Benefits Group healthcare coverage encompassing drug, vision, hearing, preferred hospital, paramedical, medical supplies, and travel insurance benefits for employees of client organizations.
• Dental Care Benefits Dental coverage for employee groups covering basic, major, and orthodontic services to support employee oral health.
• Disability Programs Short-term and long-term disability insurance protecting employees financially during illness or injury, providing continued income during recovery.
• Insurance Products Life insurance, critical illness insurance, accidental death and dismemberment (AD&D), and business insurance coverage protecting individuals and organizations against unforeseen circumstances.
• Wellness Program Employee wellness offerings including Employee Assistance Program, Physician on Demand virtual healthcare, health spending accounts, and wellness spending accounts integrated into group benefit plans.
• Retirement & Savings Plans Group retirement and short-term savings plans including RRSP, TFSA, and Defined Contribution Pension Plans to support employees' long-term financial security.
• Eclipse Mobile Claims App Mobile application available on iOS and Android that enables employees to submit health claims, view remaining benefit balances, photograph receipts for claims submission, and access dependent and direct deposit information.
• Eclipse Online Portal Web-based portal allowing plan members to access group retirement savings information, submit health claims online, view balances, and manage benefits-related tasks.
• Financial Planning Services Comprehensive financial planning covering investments, business planning strategies, and life, disability, and critical illness insurance for individual and corporate clients.
• Estate Planning Planning services that help clients prepare for wealth transfer and legacy planning when they are gone.
• Business & Corporate Planning Strategic financial planning services for businesses at various stages of starting, growing, and expanding operations.
• Critical Illness & Disability Planning Financial planning services that help individuals prepare for critical illness and disability scenarios.

Quantifiable outcome

• Physician on Demand program provides 24/7 virtual healthcare access, reducing time spent on medical appointments and decreasing absenteeism

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core, major and supporting.

• ManulifecoreOthersMajor insurance carrier partner providing group retirement, life insurance, and financial planning products distributed through Eclipse Financial to client organizations and individuals.
• Canada LifecoreOthersKey insurance carrier partner offering group benefits, retirement savings, and insurance solutions integrated into Eclipse Financial's product offerings.
• Sun Life FinancialcoreOthersInsurance and financial services partner providing group benefits, retirement planning, and wealth management products through Eclipse Financial.
• RBCmajorOthersFinancial institution partner offering insurance products and investment solutions available through Eclipse Financial's advisory services.
• Telus HealthcoreOthersTechnology partner providing Physician on Demand telehealth services integrated into Eclipse Financial's group benefit plans, enabling 24/7 virtual healthcare access for employees.
• DesjardinsmajorOthersCooperative financial group partner offering insurance and financial planning products distributed through Eclipse Financial.
• Wawanesa InsurancemajorOthersProperty and casualty insurance provider offering coverage options through Eclipse Financial's product portfolio.
• ChubbmajorOthersGlobal insurance provider offering specialized insurance products including business insurance and employee benefits through Eclipse Financial.
• Cloud MDsupportingTechnology or IntegrationHealthcare technology partner providing virtual healthcare and telemedicine solutions integrated into Eclipse Financial's employee wellness programs.
• Homewood HealthsupportingOthersEmployee assistance program provider offering mental health support and work/life services integrated into Eclipse Financial's group benefit offerings.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BFL Canada: Canadian employee benefits and insurance brokerage serving mid-market and enterprise clients with group benefits, retirement, and financial planning. Comparable carrier-agnostic benefits brokerage model to Eclipse but skewed toward larger clients.
• Acera Insurance: Canadian insurance brokerage providing group benefits, personal insurance, and financial planning across multiple provinces. Closely comparable to Eclipse in services offered and target customer mix, but with broader geographic coverage.
• BrokerLink: Canadian insurance brokerage with multi-carrier group benefits, home, auto, and commercial products. Similar relationship-driven advisory distribution and group benefits focus to Eclipse, with a comparable regional-office operating model.
• Cowan Insurance Group: Canadian-owned brokerage offering group benefits, retirement, personal insurance, and financial planning through a multi-carrier model. Closely comparable product mix and target customer base, with broader Canadian footprint.
• Westland Insurance: Canadian insurance brokerage with group benefits, personal, and commercial lines distributed through a regional branch network. Comparable multi-carrier brokerage model and SMB/individual customer focus, with greater regional density.
• Benefits By Design (BBD): Canadian group benefits specialist focused on customized plans for small and mid-sized employers. Closely comparable niche: group benefits brokerage with multi-carrier access, overlapping customer profile with Eclipse's business segment.

Broad incumbents

• Brown & Brown Insurance: Large US-headquartered insurance brokerage expanding in Canada with group benefits, life, and financial services offerings. Comparable multi-carrier distribution model and product breadth; significantly larger scale than Eclipse.
• Hub International: Major North American insurance brokerage offering group benefits, life, disability, and retirement solutions through a multi-carrier model. Comparable to Eclipse in product breadth and carrier-agnostic distribution but with substantially larger geographic reach.
• Morneau Shepell (now LifeWorks / TELUS Health): One of Canada's largest group benefits, retirement, and HR services firms, now part of TELUS Health. Overlaps with Eclipse on group benefits administration, retirement plans, and wellness/EAP services but operates at national scale with broader technology platforms.

Others

• Manulife Financial (Group Benefits Division): Major Canadian life and health insurer that is both a carrier partner and adjacent competitor to Eclipse through its direct group benefits and individual insurance offerings. Comparable product suite but operates as carrier/insurer rather than independent brokerage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/efdotca
• Facebookfacebook.com/efdotca

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eclipse Financial