In this guide, we take a look at the pros and cons of some of Canada’s top robo\u002Dadvisors to help you decide which one is right for you
Minimum account size:Another solid hybrid model is CI Direct Investing. Again you get the passive investing approach, coupled with
Even so, the company has an exceptional track record of performance with over 40 years behind it. And with just $1,000 you can get access to all this expertise without needing to put down your whole life savings. Plus, while fees come down the more you invest, you don’t miss out on any features just because your account is small.Article content0.7 per cent first $100,000, 0.6 per cent next $150,000, 0.5 per cent next $250,000, 0.4 per cent above $500,000.
Yet, like CI Direct Investing, BMO’s more active approach leads to higher fees. While accounts can be grouped by household to reduce fees and pricing, it’s still relatively costly. Plus, these don’t take into account ETF fees of between 0.2 per cent and 0.35 per cent.A robo-advisor is an automated investment service that runs on algorithms, rather than human beings, to build, manage and invest your portfolio.
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