By Jonathan Chevreau on June 17, 2014
Estimated reading time: 1 minute

Don’t call him a robo-adviser

By Jonathan Chevreau on June 17, 2014
Estimated reading time: 1 minute

Each client gets an adviser made of flesh and blood

Another ETF-based portfolio service is launching in Canada, pending regulatory approval. Wealth Simple charges a 0.5% annual fee for a “light-advice” model, with the fee tapering down at higher levels of wealth. Accounts start at $5,000, with founder Michael Katchen overseeing the building and rebalancing of ETF portfolios from several fund companies. Some call this a “robo-adviser” service, but Katchen says each client gets an adviser made of flesh and blood.

About Jonathan Chevreau

As MoneySense’s Investing-Editor-at-Large, he is also author of Findependence Day and co-author of Victory Lap Retirement. Reach him at [email protected], where he is the founder of Financial Independence Hub.

Linkedin Twitter Facebook Website

Don’t call him a robo-adviser

About Jonathan Chevreau

Comments Cancel reply

Related Articles