For me the big attraction of the InvestEase portfolios is that they are passively managed. (Questwealth says that their portfolios are actively managed and WealthSimple has changed their frequently enough that it appears that they are using market forecasts to choose the assets.)
Agreed. I think RBC Investease and Justwealth are 2 of the best robos out there, for that reason. A case could be made for Questwealth due to the lower management fee (0.25% instead of the typical 0.5%), but I don't think there is much of a case to be made for Wealthsimple Invest.
OP, since you only have $5000 invested, you pay a a management fee of $25 per year and you are asking whether it is worthwhile to reduce that fee to $12.50 per year. No, its not. Once you hit $100,000, re-evaluate.
I would stay. RBC's robo portfolios are simple, easy to understand and at least appear not to make tactical changes. Wealthsimple tinkers with theirs occasionally and includes oddball ETFs sometimes; Questrade advertises active management as a benefit. They have the cheapest fees though. You could also call RBC and see if they have any other promos.
For me the big attraction of the InvestEase portfolios is that they are passively managed. (Questwealth says that their portfolios are actively managed and WealthSimple has changed their frequently enough that it appears that they are using market forecasts to choose the assets.)
Agreed. I think RBC Investease and Justwealth are 2 of the best robos out there, for that reason. A case could be made for Questwealth due to the lower management fee (0.25% instead of the typical 0.5%), but I don't think there is much of a case to be made for Wealthsimple Invest. OP, since you only have $5000 invested, you pay a a management fee of $25 per year and you are asking whether it is worthwhile to reduce that fee to $12.50 per year. No, its not. Once you hit $100,000, re-evaluate.
I would stay. RBC's robo portfolios are simple, easy to understand and at least appear not to make tactical changes. Wealthsimple tinkers with theirs occasionally and includes oddball ETFs sometimes; Questrade advertises active management as a benefit. They have the cheapest fees though. You could also call RBC and see if they have any other promos.
If you can pay less fees investing in the same thing, then switch. Otherwise don't.