Both Questwealth Portfolios and Wealthsimple run in-house blogs featuring general advice about finance and investing.

Questwealth Portfolios vs. Wealthsimple. Wealthsimple covers any transfer fees associated with account transfers greater than $5,000.

Do you recommend questwealth or wealth simple? Not sure I understand. It looks for a specific decrease before it decides to sell. GET ON THE LIST.

Or just go with normal online discount broker (Qtrade/Questrade)?

This fee structure is great for clients with larger deposits; however, it can eat into smaller accounts. https://www.moneysense.ca/save/investing/best-robo-advisors-in-canada/, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. But questwealth has half the fees, which is the first reason I want to try something other than my bank (less fees), What do you think for passive investing in a chosen portfolio? Or for more information, read our in-depth Questwealth review. Don't forget to check out our exclusive promotional code for Questrade! A do-it-yourself approach works just fine for many investors, but for those who don’t have the time, temperament, or inclination to manage their own portfolio of stocks, ETFs, or mutual funds, a robo-advisor is a great alternative. Portfolios are dynamically rebalanced when market conditions change. If you’re a money-conscious millennial, you’ve come to the right place! *Includes $100 per year in trading commissions. This feature lets you determine how good a deal you are getting on toilet paper purchases. That way, you can test drive the platform before making a commitment.

Questwealth is the lowest cost option for entry-level investors and is widely known for its smart television ads blasting high fee mutual funds. I set up an automatic deposit now for my RRSP. WS Generation features all that WS Black has to offer, plus in-depth financial planning, individualized portfolios, and 50% off Medcan health plan. Nest Wealth uses broad-based ETFs from providers iShares and Vanguard. 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. They have earned their spot given the combination of features, benefits, and low fees they provide to their clients.

Then slowly adding more to it. Unlike most robo-advisors, who mainly use ETFs to passively track global markets, Questwealth makes no apologies about its active management focus. That's a turn off to many people here.

They appointed a privacy officer, who is responsible for overall compliance with privacy legislation. Looking forward to Wealthsimple Black one day. Wealthsimple is known for its extraordinarily fast and easy 5-minute sign-up process, as they’re one of the only institutions in Canada that allow for same-day funding. Wealthsimple is best suited for millennials. Questwealth is the best fit for my preferences, but wealthsimple seems to have better performance in the past few years.

When switching to Questwealth, your transfer fees of up to $150 per account will be rebated. Questwealth offers a multi-layered approach to safeguard privacy and ensure that clients’ personal information is secure. Nest Wealth uses bank-level security measures to ensure your data is collected and stored safely. They are well known for providing self-directed investors with a platform to self-manage their portfolios at a low fee. Tiered pricing that benefits large portfolios, RRSP, TFSA, RESP, Non-registered, RRIF, LIRA, Joint, and Corporate, All three robo-advisors offer access to human assisted advice, All three robo-advisors do automatic rebalancing based on market movements and portfolio thresholds, There’s no minimum deposit to open an account and invest at Wealthsimple Basic or Nest Wealth, but at Questwealth your money is only invested when you reach $1,000 in deposits. The ETFs in the Questwealth Portfolios have portfolio MERs ranging from 0.17% – 0.22%. Nestwealth does not offer tax-loss harvesting. 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. Wealthsimple Black clients can book a financial planning session with an advisor to review their financial goals and investments. You’ll notice the Questwealth portfolios don’t add up to 100%, they only add up to 98%. While we tend to steer readers towards globally diversified, low-cost index funds and eschew active management, Questwealth gets its right by offering the lowest management fees at 0.25%, along with a proven performance record with its active portfolios. Wealthsimple employs state of the art back-up and firewall technology to ensure that your information is always available. 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. More recently, Questrade got into the robo-advising business, initially starting out as Portfolio IQ and later re-branding as Questwealth Portfolios in 2018. A 256-bit SSL certificate encrypts all information transmitted between your browser and their web servers. Also wondering about modern advisor @ 0.5~, but I don't have that much … Winner: Questwealth – Received the 2019 DALBAR Seal for Service Excellence award. Wealthsimple Generation ($500k+) clients have access to a personalized financial report customized to their goals; including retirement income strategies, wealth preservation, net worth and cash flow analysis, financial projections, and action steps to take. I’m happy with my choice and no issues thus far. They also run a series of webinars and master classes to get you familiar with some of the more difficult terminology or concepts you might bump into when you’re first starting out.

Questwealth’s “core and explore” active investment approach, combined with low fees, gives clients a chance (albeit slim) at beating the market. 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. By using our Services or clicking I agree, you agree to our use of cookies. Winner: Questwealth – you can’t beat their rock bottom fee structure. If your expectation is to always be positive or grow, or think 2018 should be positive, think again. Questwealth has the experience, customer service, and is the lowest-cost provider. The “Chat with Us” feature allows clients to instant chat with a Questwealth representative (Monday to Fridays from 8:00 am to 8:00 pm EST).

There are many features shared by the three robo advisors. They have promos for no fees for the first year, look for that if you choose to go with them. Their customer service is very good and their investment strategy makes sense. They encrypt all communication between your browser and their servers, store all of your data on secure servers, and continuously test processes and procedures to ensure your data is secure and safe. You will not be charged a fee for this referral and Wealthsimple and Young and Thrifty are not related entities. Reply. Winner: Wealthsimple – No minimums. With Wealthsimple, it would be 0.5% fee plus ETF MERs, correct? We recommend you check out our updated best robo-advisors in Canada guide to see even more possibilities. Nest Wealth’s unique subscription model makes its platform ideal for investors with large accounts.

Wealthsimple vs. Questrade (Questwealth Portfolios) Questrade has been around for a long time. Yorkdale Mall Only - FREE Delta LT Jacket when you book and attend a private shopping appointment, [B&H Photo Video] Or for more information, read our in-depth Nest Wealth review.

Noticing the 1.0% conversion fee on USD for putting in and another 1.0% for taking out.

It’s easy to open an account, easy to transfer existing accounts to Wealthsimple, and its low-cost structure is ideal for most investors. Join the conversation with thousands of savvy shoppers in Canada’s largest online forum.

Tax-loss harvesting is available to all Questwealth clients, but the feature is only offered to Wealthsimple Black clients who invest in a non-registered, or taxable account. I have a RRSP and TFSA with them now. Canada’s fastest-growing online brokerage has spent 20 years in the Canadian market and has more than $9 billion in assets under management. Get $75 when you open a Wealthsimple account! Try Nest Wealth free for the first 3 months. | Byron Katie. Wealthsimple and Questwealth offer socially responsible investing portfolios, while Nest Wealth does not have an SRI option at this time.

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. Right I did see that. (I hate the fees I pay at the bank, but am reluctant to switch all the $ over at once without testing out my options first). Looking to save up for the long term. They may replace your security with another or have some assets in cash for a period of 30 days.

Winner: Wealthsimple – a more robust offering of services, depending on account size. This is because there are no tax implications for buying and selling inside of your RRSP or TFSA. The capped monthly fee means as a client’s portfolio grows, their overall fees in percentage terms actually decrease. Questwealth has half the fees that wealthsimple does which is a huge draw.

Been doing quite a bit or research lately between wealthsimple and questwealth. 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. At Wealthsimple, the process is automated, with an algorithm screening accounts every day for tax-loss harvesting. Reply. If I had to declare one robo-advisor the winner, I’d go with Wealthsimple. Each client gets a customized portfolio based on his or her risk profile, goals, and financial situation. Assigns a dedicated portfolio manager to each client and has a conversation with each new client prior to opening an account to assist in portfolio customization and goal setting. Everyone misses this important fact. Wealthsimple has changed their funds a few times now, along with the percentage allocation. Now is a great time to sign up because Wealthsimple is offering Young and Thrifty readers an exclusive deal: get a $75 cash bonus when you open and fund a new Wealthsimple Invest account with $1000 within 45 days.

(Terms of Use, Privacy Policy, Manage Consent Do Not Sell My Data). Winner: Wealthsimple, Questwealth, and Nest Wealth all pass the test when it comes to security.

Wealthsimple’s Client Success team can be reached by phone or by filling out a request form online. Questwealth Portfolios is best for investors seeking the lowest fees. Winner: Wealthsimple – Flexible and fully automated for clients who want to take advantage of tax efficient investing in their non-registered accounts.

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