Tangerine Investments offers lower fee and comprehensive indexed-based portfolios. But they are not the first name that comes to mind when looking at the Canadian Robo Advisors. But Tangerine can be a complete digital experience just like the other Robo’s. The portfolios are mutual funds all with management expense ratios of 1.07%. There are no fees for when you buy or sell. Investment advice is available.
Here’s the Tangerine Investments Review.
In January of 2021 they introduced the Tangerine Global ETF Portfolios.
The Robo Advisors Have Landed – Don’t Be Scared.
The Canadian Robo Advisors allow investors to create complete ETF portfolios online, with very reasonable fees. For example, based on a $100,000 investment portfolio the annual fees would range from $360 to $800 (.20%-.80%) depending on the Robo Advisor selected. Investors will also pay the underlying management expenses of the ETFs. Human advice is also available.
Here’s a post that looks at the best-performing Canadian Robo Advisor. In that post you’ll see the 5-year and 3-year returns for the leading Robo’s in Canada.
The Robo Advisors in Canada.
Here’s my review of Justwealth, The Robo Advisor That Knows When To Get Personal.
Justwealth is also THE choice in Canada for RESP portfolios.
Here’s my review of ModernAdvisor: A Better Way For Canadians To Invest.
Here’s my review – Nest Wealth Shows You How Those Low Fees Can Be Life Changing.
Cut The Crap Investing readers can invest the first $15,000 for free for the first year. At higher portfolio values, Nest Wealth has the lowest Robo fees in Canada.
Click on Nest Wealth
WealthBar is now CI Direct Investing. Nothing has changed but the name. Their partner CI Financial took full ownership in August of 2020.
CI Direct Investing review: Get treated like you’re rich, even when you’re not.
BMO SmartFolio offers ETF portfolio solutions with fees from .40% – .70%. Investors would also pay the Management Expenses of ETFs and transactions costs. Advice is available.
Here’s my feature review of BMO SmartFolio.
RBC is ‘newish’ to the game. Robb Engen has reviewed InvestEase on Young and Thrifty. Robb likes what he sees.
Two active managers that we like
Here are two active managers that we Intelligent Indexers consider to be “the good guys and gals”. Click on the Investment Company name to go to their site.
Visit Mawer Investments
The Mawer Mantra is “Be Boring. Make Money”. That’s music to the ears of many no-nonsense indexers. They believe in a simple buy and hold value based investment approach. They offer a comprehensive Balanced Portfolio for a management expense ratio of .94%. At times, they certainly can provide or create alpha. Minimums may apply, typically $5,000 per fund. They might be the best mutual fund company in Canada.
OK, I love the cheeky claim of Steadyhand that they are not Indexers but Undexers. Here’s my review Most Canadian Investors Want Advice. Many More Could Use A Steadyhand. They have those more reasonable fee structures to go along with advice and sensible asset allocation. The performance has been soft, but you will get advice and that holding hand.
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