As a robo-advisor, Questwealth Portfolios is a safe means of passive investing, and one of the best robo-advisors in Canada. While Questrade facilitates self-directed stock trading, Questwealth Portfolios creates ETF portfolios for investors who want in on the investing action but aren’t ready to commit to active trading. Questwealth Portfolios is a Toronto-based robo-advisor, owned and operated by Questrade, an online brokerage. You can open a Wealthsimple account and take advantage of Ratehub.ca’s sign-up bonus. Wealthsimple is best for low-fees and user-friendly interface.
Ratehub.ca readers receive $10,000 managed for free for the first year with Wealthsimple.Wealthsimple promotions, qualifications, and fees That said, Wealthsimple might be a suitable robo-advisor for you. If you’re comfortable with online banking, you should find this comparable – and you may find that this feature alone eliminates any concerns about customer service. Account-holders can make contributions and withdrawals easily. Living up to its name, Wealthsimple also has an intuitive, easy-to-use interface that makes everyday investing easy. It also allows you to make automatic contributions from your bank account.
Management fees are relatively low and come with no additional fees for trading. Wealthsimple offers socially responsible investing options, as well as halal investing options. Wealthsimple requires no minimum investments to get started, which means you can start with any amount, big or small, and get a sense of how robo-advisors really work. It’s extremely easy to get a sense of what investing is like when using this robo-advisor. Wealthsimple makes wealth management a breeze. It has even earned various awards and celebrity endorsements. Today, Wealthsimple is considered one of the best robo-advisors in Canada. The robo-advisor has become popular among millennial investors but has since increased in popularity with other generations as well. Since going into business back in 2014, Wealthsimple now manages over $1.6B in Canadian investments today. “We are working with a couple of other insurance companies,” he notes, “to expand the products that we want to make available on our online product shelf.Wealthsimple is a robo-advisor based in Toronto, Canada. Invisor plans to eventually make more life insurance options available through the online platform, Poole says. “We think it’s only going to grow in the coming years as more and more offers are made available by the insurance companies and more online platforms appear,” he says. It may not be for everybody, but it is an option that’s out there.”Īlthough many Canadians still prefer to purchase life insurance face-to-face, Poole says, there’s a growing segment of consumers who are demanding the capability to make purchases online.
The new digital platform provides a new option for clients, Poole says: “Being a digital company, we wanted an online solution for insurance as well. The company is licensed for the sale of life and health insurance products in Ontario and Manitoba. Invisor’s insurance division also includes a traditional brokerage for clients who are seeking more comprehensive advice and a broader array of products, including permanent life insurance, disability insurance and critical illness insurance.
“It’s a completely paperless, online experience,” says Dan Poole, co-founder and chief operating officer with Invisor, adding that a licensed life insurance advisor is available for clients who require advice or assistance. As soon as a payment is made, policy documents are sent via email, and the coverage takes effect immediately. Depending on the outcome of the questionnaire, clients could be approved instantly and invited to pay online. The purchasing process can be completed entirely online, including a needs analysis to help clients determine the level of coverage they need and an underwriting questionnaire. Individuals can use the platform to buy term life insurance policies up to $500,000, with terms ranging from 10 years to 40 years. Invisor’s insurance division, Invisor Insurance Services Inc., has partnered with Toronto-based Teachers Life Insurance Society (Fraternal) to introduce the new digital insurance platform.