Does buying GICs still make sense after the recent rate cuts?
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Robo Advisor | Fees | Investment Approach | Minimum Account |
---|---|---|---|
BMO SmartFolio | 0.4% to 0.7% | Match with one of five custom portfolios containing baskets of BMO ETFs | $1,000 |
CI Direct Investing | 0.35% to 0.6% for ETF portfolios | 5 low-cost ETF portfolios by risk tolerance; also non-traditional private-investment portfolios | $1,000 |
Invisor | 0.50% | 7 managed portfolios holding passive ETFs by risk tolerance; allocation aligns with global market weightings | None (deposits will be held in cash until account reaches $1,000) |
Justwealth | $4.99/mo for accounts up to approx. $12,000, then 0.4% to 0.5% | More than 70 portfolios, including US$ denominated; mix of ETF providers; offers tax-loss harvesting | $5,000 (none for RESP accounts) |
NestWealth | $20 to $80/mo | Allocated across six asset classes of industry-standard ETFs by risk tolerance | None |
Questwealth Portfolios* | 0.2% to 0.25% | 5 core and 5 SRI ETF portfolios, managed in a passive-active hybrid style; extensive account type offering | $1,000 |
RBC InvestEase | 0.5% management fee; approx. 0.11% to 0.30% MER for ETFs | 10 portfolios, created from 14 different ETFs | $100 |
Wealthsimple | 0.4% to 0.5% | Variety of ETFs; socially responsible investment portfolio focussed on cleantech, low carbon | None |
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