As anyone who has ever crossed paths with Cut The Crap Investing would know, Canadians pay the highest mutual fund fees in the world or the developed world. We could argue about the studies and semantics, but does it really matter? Canadians routinely offer up half of their investment wealth to the big banks and […]
I’m calling from a bank, and yes, we’d like to make less money from you.
Yup, that was one of my ‘lines’ when I was an Advisor with Tangerine Investments. And it was not so much of a line as the honest truth as to why I was reaching out to clients who still owned the legacy, traditional high fee mutual funds that Tangerine originally offered. When Tangerine launched their […]
Looking to become a self-directed investor? The Robo Advisors are a wonderful training ground.
When you self-direct your investments you will be able to keep your fees at a rock bottom level. In fact, the route to the lowest fees is by way of managing your own investments. While you do not have to be a financial or investment genius there are a few areas where you will need […]
There will be a tipping point for the Robo Advisors suggests Randy Cass of Nest Wealth.
Off the top you’ll notice that the term Robo Advisor in the headline is in quotes. I could and perhaps should use the term digital wealth manager. For now, Robo Advisor is the accepted term to describe these wealth managers who use technology to enhance the experience and allow clients to move to complete managed […]
BMO Keeps It Simple With Their One Ticket Portfolio Solutions.
This week we witnessed another entry into the Canadian Asset Allocation One Ticket Portfolio Solutions. Welcome BMO. On Friday February 15th BMO launched 3 asset allocation portfolios by way of the Conservative ZCON, the Balanced ZBAL and the Growth ZGRO. Here is the overview from the Fact Sheets. Wonderfully simple or plain vanilla? Take your […]
Canadian Robo Advisor ModernAdvisor. A Better Way for Canadians to Invest.
I found the headline on their site. OK, let’s say I borrowed the headline. It’s also the mission for this site. And of course this is a category statement. Canadian investors are plagued by high fees. In fact Canadians pay the highest mutual fund fees in the developed world. Larry Bates, the author of Beat […]