What to know before you use “buy now, pay later” in Canada
Many retailers offer buy now, pay later programs to encourage spending. Understand the risks, including how your BNPL data...
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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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