Use this MoneySense Robo-Advisor Finder to find the best robo-advisor in Canada for your financial needs.
If you’re not familiar with the term, a robo-advisor is simply an online investing tool that builds an investment portfolio based on your risk tolerance, financial goals and personal financial situation. If you’re looking to begin investing but not sure where to start and have a limited knowledge of the market, a robo-advisor may be a good option for you. Use our robo-advisor comparison table below to filter robo-advisor providers by fees, investment amounts, investment approach and brand name.
Best Robo-Advisors in Canada 2019
| 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 |
| Invisor | 0.50% | 7 managed portfolios holding passive ETFs by risk tolerence; allocation aligns with global market weightings | None |
| Justwealth* | $4.99/mo to approx. $12,000, then 0.4% to 0.5% | 60 portfolios, including US$ denominated; mix of ETF providers; offers tax-loss harvesting | $5,000 |
| 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 actively-managed Questrade ETF portfolios; extensive account type offering | $1,000 |
| WealthBar | 0.35% to 0.6% | 5 low-cost ETF portfolios by risk tolerance; also non-traditional private-investment portfolios | $1,000 |
| Wealthsimple* | 0.4% to 0.5% | Variety of ETFs; socially responsible investment portfolio focussed on cleantech, low carbon | None |
If you’d like to learn more about each robo-advisor in individual detail, check out our Guide to the Best Robo-Advisors in Canada in 2019*.