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Are you looking for the easiest possible way to get a diversified investment portfolio, an answer to your investing questions – at a price that keeps most of your money working for you? If you have read a lot about index investing and want to embrace a cost-conscious alternative to expensive mutual funds, but are a bit intimidated by the DIY discount brokerage route – we’ve got you covered.
Robo Advisors are the ideal mid-point between fully managing your own discount brokerage portfolio (the absolute lowest cost way to invest) and the extremely expensive more traditional ways of managing money. Kyle Prevost, Chief Blogger and Editor for YoungAndThrifty.ca, is one of the most recognizable Canadian bloggers out there and had written extensively on the topic.
Below you can find the main takes from his Complete Guide to Canada’s Robo Advisors:
● It is the easiest, lowest-maintenance way of managing your money. Period.
● It is super safe. As members of the IIROC, robo advisors are subject to the same safety standards as everyone else.
● Robo Investing is a growing trend across the globe, and particularly in Canada. There are already billions of dollars under the management of Canadian Robo Advisors.
● Robo Advisors are better regulated and held to a higher legal standard than “financial advisors” in Canada.
● Robo Investing gives you access to an instantly diversified portfolio at a small fraction of the cost of most mutual funds put out there by big banks and investment groups.
● Compare notes on if DIY index investing or robo advisors are a better fit for your unique needs.
Special Promotions with Robo Advisors in Canada:
YoungAndThrifty has also put up several detaield Canadian Robo Advisor reviews in which you can find special offers for the leading robo advisors in the market. Find top offers below.
Wealthsimple: Get $10,000 managed for free - available on the Wealthsimple review
Nest Wealth: Get 3 months free - available on the Nest Wealth review
Justwealth: $50 deposited for free - available on Justwealth review
ModernAdvisor: $50,000 managed for free for one year – available on the ModernAdvisor review
Additional resources:
- Robo Advisor Fee Calculator: Discover the true costs of managing your investment portfolio through a Robo Advisor in Canada.
- The rise of robo advisors: A research by Accenture showing the rise in Robo Advisor popularity across the globe.
Robo Advisors are the ideal mid-point between fully managing your own discount brokerage portfolio (the absolute lowest cost way to invest) and the extremely expensive more traditional ways of managing money. Kyle Prevost, Chief Blogger and Editor for YoungAndThrifty.ca, is one of the most recognizable Canadian bloggers out there and had written extensively on the topic.
Below you can find the main takes from his Complete Guide to Canada’s Robo Advisors:
● It is the easiest, lowest-maintenance way of managing your money. Period.
● It is super safe. As members of the IIROC, robo advisors are subject to the same safety standards as everyone else.
● Robo Investing is a growing trend across the globe, and particularly in Canada. There are already billions of dollars under the management of Canadian Robo Advisors.
● Robo Advisors are better regulated and held to a higher legal standard than “financial advisors” in Canada.
● Robo Investing gives you access to an instantly diversified portfolio at a small fraction of the cost of most mutual funds put out there by big banks and investment groups.
● Compare notes on if DIY index investing or robo advisors are a better fit for your unique needs.
Special Promotions with Robo Advisors in Canada:
YoungAndThrifty has also put up several detaield Canadian Robo Advisor reviews in which you can find special offers for the leading robo advisors in the market. Find top offers below.
Wealthsimple: Get $10,000 managed for free - available on the Wealthsimple review
Nest Wealth: Get 3 months free - available on the Nest Wealth review
Justwealth: $50 deposited for free - available on Justwealth review
ModernAdvisor: $50,000 managed for free for one year – available on the ModernAdvisor review
Additional resources:
- Robo Advisor Fee Calculator: Discover the true costs of managing your investment portfolio through a Robo Advisor in Canada.
- The rise of robo advisors: A research by Accenture showing the rise in Robo Advisor popularity across the globe.