Author Topic: Robo-Investing in Canada  (Read 3787 times)

powersuitrecall

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Robo-Investing in Canada
« on: November 05, 2014, 09:11:23 AM »
So!  This week's post was about betterment:
http://www.mrmoneymustache.com/2014/11/04/why-i-put-my-last-100000-into-betterment/

As a Canadian I had no idea that this kind of service even existed (and I can't really be blamed because in Canada, up until this year they didn't ... plus, my stubble is really just getting started here).

Anyone using one of these services in Canada?  A quick search brought up the following companies.

WealthSimple  https://www.wealthsimple.com
WealthBar  https://www.wealthbar.com
Nest Wealth  http://nestwealth.com
ShareOwner  https://www.shareowner.com

Thoughts?

note - edited to add websites and remove "Smart Money Capital Management" as I couldn't find a site for it.
« Last Edit: November 05, 2014, 12:17:07 PM by gashford »

ldk

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Re: Robo-Investing in Canada
« Reply #1 on: November 05, 2014, 11:41:47 AM »
We are considering transferring our portfolio to WealthSimple and likewise, would love to get some feed back.  These services do look to be brand new to the Canadian marketplace, so I am curious as to whether there are any early adopters out there!!

RetiredAt63

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Re: Robo-Investing in Canada
« Reply #2 on: November 05, 2014, 04:34:50 PM »
I wold also like feedback.  When the matrimonial home eventually sells (sigh) I will have a bit of free cash to invest.

powersuitrecall

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Re: Robo-Investing in Canada
« Reply #3 on: November 05, 2014, 05:33:50 PM »
I guess there might not be too many folks who have used this service for to long - as most of them came into the scene within the last couple of months.  Their fees and services all seem to be comparable.  I haven't really looked into them with too much detail (but I will be).

We are considering transferring our portfolio to WealthSimple and likewise, would love to get some feed back.  These services do look to be brand new to the Canadian marketplace, so I am curious as to whether there are any early adopters out there!!

Hey ldk - why are you considering WealthSimple?  I would consider them as well ... if only for the reason that they have a 2 part interview on CCP doesn't hurt their credibility:
http://canadiancouchpotato.com/2014/10/14/an-interview-with-wealthsimple-part-1/
http://canadiancouchpotato.com/2014/10/16/an-interview-with-wealthsimple-part-2/