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Thread: Robo-Advisors reviews please!

  1. #1
    Senior Canuck ING_rep's Avatar
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    Hello,

    I'm considering using a robe-advisor, like Wealthsimple for my TFSA. Does anyone have experience with one of these, or any review on Wealthsimple?

    Thanks!
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  2. #2
    Smart Canuck mulock's Avatar
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    I'd be curious to know too. I keep hearing about robo-advisors, yet neither of the investment firms offer the service.

  3. #3
    Senior Canuck ING_rep's Avatar
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    Maybe it's too new to have reviews... I'll give it a shot with a small amount and let you know what I find out!
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    Senior Canuck ING_rep's Avatar
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    So far Iím happy with the service I got at Wealthsimple. Opened a TFSA account and placed my money in the growth portfolio (1.4% interest in a month so far) and opened a savings account, 1.95% up to 100k. So far so good, might transfer RRSP there before year end, they pay for transfer fees when the amount transferred is above 5k.
    dededi likes this.

  5. #5
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    Have just the same question!
    Last edited by natalieroi; Sat, Sep 22nd, 2018 at 04:55 AM.
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    I guess it really depends on your goals. If you are trying to get exposure to equity markets, have you considered low-cost ETFs? Might be worth comparing fees between a low cost ETF and a roboadvisor

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    Watching!
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    Senior Canuck ING_rep's Avatar
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    Patiently waiting for Wealthsimple trade to be available:
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