All three robo-advisors are suitable for most investors, but they each offer something unique that might appeal to different types of investors. Wealthsimple is arguably the largest and most popular robo-advisor in Canada for a reason. This feature lets you determine how good a deal you are getting on toilet paper purchases. While both Questwealth and Nest Wealth have a team of portfolio managers looking after your investments, they don’t offer personalized financial planning for their individual clients. However, the actively managed portfolios can be a turn-off for investors who have embraced passively managed index investing. Reply. Is there any reason to use Wealthsimple for holding ETFs in RRSP/TFSA?

Looking forward to Wealthsimple Black one day. Finally, one big caveat to my Wealthsimple recommendation: investors with large accounts should absolutely consider Nest Wealth for its capped monthly fee structure at $80 per month. Winner: Wealthsimple – a more robust offering of services, depending on account size. Nestwealth does not offer tax-loss harvesting.

Start investing with Questwealth. This fee structure is great for clients with larger deposits; however, it can eat into smaller accounts. Questrade’s robo advisor, called Questwealth portfolios, has a percentage-based fee structure that changes depending on how much you invest with them.. $1,000 to $99,999 investment: 0.25% fee; $100,000+ investment: 0.20% fee; They state their MER fees for their portfolios range from 0.11% to 0.23% – to simplify things, let’s take a nice middle number of 0.20%. Wife discovered Wealthsimple early on in 2016, and we are happy with their services. OK guys, there is a lot of huge assumptions, and unrealistic expectations being posted here which is unhelpful to anyone including yourself as an investor. Canada’s fastest-growing online brokerage has spent 20 years in the Canadian market and has more than $9 billion in assets under management.

If your expectation is to always be positive or grow, or think 2018 should be positive, think again. You might be surprised to find Questrade listed here, as the company is more widely known as one of the best online discount brokerages in Canada. I am interested with Questwealth .You’ve done a good job in presenting all the info . The ETFs in the Questwealth Portfolios have portfolio MERs ranging from 0.17% – 0.22%. Get $75 when you open a Wealthsimple account! Ive been with Wealthsimple for a year with a Growth portfolio. 4 out of 5 of Questwealth’s actively managed portfolios have over 10 years of historical performance. Questwealth offers tax-loss harvesting to all customers, and Wealthsimple Black offers it to WS Black and Generation customers. How does that mean not beating the market or what’s this have to do with S&P 500? Questrade launched its robo-advisor platform – Questwealth Portfolios – in November 2018. At Nest Wealth clients can initiate a live chat discussion online, send a note by email, leave a voice mail message, or schedule a call.

However, Questrade recently launched its own robo-advisor platform called Questwealth Portfolios. Questwealth Portfolios is best for investors seeking the lowest fees.

I want to be matched with a portfolio and invest a 5000$ in a non registered account to see how it compares to what my bank investments are doing. With Questwealth, the use of tax-loss harvesting is at the discretion of the portfolio manager or sub-advisor. We recommend you check out our updated best robo-advisors in Canada guide to see even more possibilities. Been doing quite a bit or research lately between wealthsimple and questwealth. Don't forget to check out our exclusive promotional code for Questrade! Specifically, once your portfolio has crossed the $250,000 threshold, Nest Wealth’s fees are comparable to even the lowest cost do-it-yourself investing strategies. Nest Wealth uses bank-level security measures to ensure your data is collected and stored safely. They use it to keep your account information safe, including passwords and personal information. WS Black includes a lower management fee of 0.40%, as well as premium benefits like financial planning and tax loss harvesting. Questwealth is the best fit for my preferences, but wealthsimple seems to have better performance in the past few years. To take advantage of the Tax Loss Harvesting, does it has to be outside of TFSA/RRSP account?

Investors do pay trading commissions of $9.99 per trade, but these fees are capped at $100 per year. Reply. Our expert looks at the pros and cons of three of Canada’s leading robo-advisors and compares Wealthsimple vs. Questrade vs. Nest Wealth to see which one is the best fit for investors.

In fact, that’s where my wife’s RRSP is held. They are actively managed as much as wealthsimple in the way that they can change the funds to match their long term goals and tweak the percentage allocation of each fund. Here are some similarities to consider: Let’s look at how Wealthsimple, Questwealth Portfolios, and Nest Wealth differ: Below is a breakdown of the fees for each robo advisor: The comparison table below will give you an idea of how much it costs to invest at different portfolio sizes, such as at $50,000, $150,000, and at $250,000. $300 sign up bonus for no fee banking account with Innovation Credit Union (not Quebec), [BestBuy+Walmart+EB] Playstation 5 consoles will be available on Nov. 12th *Online Only*, [Arc'teryx] But I like how wealthsimple interface looks and wealthsimple advertised how it links up with simple tax for tax purposes which would make tax returns easier for me I'd think. Open an account in minutes from your computer or mobile device. Questwealth has the experience, customer service, and is the lowest-cost provider. That’s the demographic they target, and their low fee structure is ideal for investors who are just starting out. Also wondering about modern advisor @ 0.5~, but I don't have that much … Compared to other robo advisors, a stand out feature is Wealthsimple’s premium benefits. Ramziz says: April 7, 2020 at 2:49 am.