Invisor logo full#
Invisor logo professional#

Invisor logo professional#

While investors can take a set-it-and-forget-it approach, if something does go awry in the markets, a real, live professional will adjust a fund’s asset mix accordingly. Best robo-advisor for a passive and active combo BMO SmartFolio Sounds complicated? You can contact your portfolio manager directly if you have questions. “Justwealth is the only one that will accept a basket of stocks and draw it down in the most tax-efficient way possible,” says Roberts.

Others will simply sell the stocks, reinvest the proceeds and leave you with whatever tax consequences result. Say you want to transfer assets into your robo account from a brokerage account. Justwealth tends to go deeper than the competition on these account types too its RESP accounts are, uniquely among Canadian robos, set to a target date and become allocated more conservatively as your children approach graduation, for example. And in 2021, it started offering group RRSPs to employers and their employees. It also offers the widest range of account types among Canadian robos, including registered retirement savings plans (RRSPs), registered education savings plans (RESPs), tax-free savings accounts (TFSAs), registered retirement income funds (RRIFs) and taxable accounts, as well as U.S.-dollar accounts. Investment approach: The company uses more than 50 ETFs from nine providers, including Vanguard, iShares and Schwab. It’s a quantum step above what a single asset-allocation ETF provides, in other words.

Providing value-added services, such as financial planning, personalized tax-loss harvesting and tax-efficient transfers.

Offering not just a handful of portfolios, but more than 70 of them, including ones focused on global growth, ESG, income and education savings.

Assigning clients a personal portfolio manager who helps find the right ETF portfolio based on their specific goals.

Invisor logo full#

Is there any risk in using a robo-advisor?Ī quick look at the best robo-advisors in Canada for 2022įor full descriptions of each of the best robo-advisors in Canada, scroll down.

As our 2022 survey of the Canadian robo industry shows, they’re not all the same. The pioneers in Canada were, WealthBar and Wealthsimple in 2014.īut it nonetheless behooves investors to probe deeper in their choice of robo-advisor, asking tough questions around performance, risk and the composition of portfolios. It’s surprising, really, because amid all the competition their fee structures and value proposition are as good as or better than ever.ĭepending how you define the term, the first stabs at robo-advisors were created in the United States between 20, and decidedly with the launch of Betterment in 2010. Suddenly robo-advisors find themselves having to prove their worth anew, all the while trying to establish a profitable business model in a low-margin corner of the investment universe. Against the backdrop of an extraordinarily long-lived bull market in stocks, active management has made a comeback (not least in the ETF space), exotic asset classes like cryptocurrency are on the rise, and new competition is coming from asset-allocation ETFs that do the job of portfolio management all in one security. Fast forward to today and the honeymoon atmosphere has dissipated.