I have a couple of different questions within this post if anyone has input or can weigh in I'd appreciate it! I've been reading this Investor Alley forum for a while but haven't posted here before.
I've been wanting to leave our financial advisor for a few years (since finding MMM and lurking in this forum really!) and finally decided to do it this past week. Gulp. Needless to say he wasn't pleased but I held firm, which was hard after nearly 20yrs with these guys.
I't seems the majority in this forum are DIY investors, and I've had a Questrade account for years but haven't really warmed up to it.
I opened an account with Nestwealth robo-advisor 2 years ago when thinking about leaving our FA, and so far like how user-friendly it is, enjoy the graphs and pie-charts, and rates of return info it spoonfeeds me. Can Questrade provide anything like this (not questwealth)? Or do you have to manually calculate your rates of return with QT? I have only ~$5000 with QT now that I invested ~10yrs ago and I never really look at it to be honest. It never felt that user-friendly to me.
I know logically and financially that it makes sense to use QT going forward, and I feel well-informed about a simple ETF portfolio (based on CCP) I could model, but I wonder if anyone else uses a robo-advisor for the additional features they offer or feel there's value there? Nestwealth has a set fee, not a % so as my account grows the % of cost goes down. Right now it's $80/month per account and I have 3 accounts (TFSA, RRSP, and a taxable), and it comes out to ~0.35% currently for the NW fees.
Second question(s)-
One hiccup with shifting all of our investments out of our FA's management is he purchased 2 private equity funds within one of my accounts. I didn't realize this, and he let me know it will be at least 12 months until it matures plus up to 120 days to redeem it. I checked with QT and they couldn't confirm that they could hold it, nor be able to redeem it in future. Does anyone know of any DIY investment platform that can handle private equity funds, or am I stuck keeping this with my FA for the next year? I admittedly don't really know much about private equity and if this is a good fund to hold - most of what I have read focuses on simple ETFs like Vanguard. I'm annoyed with myself for not knowing he had invested in this type of fund but it is what it is at this point. If there's nowhere I can move it to then I'll keep my account open with my FA for the 2 PE funds until they mature, which is a small portion of the total portfolio.
Thanks for any thoughts on the above!