Robo-advisors

Over the last couple of years, we’ve seen an increase in robo-advisors popping up everywhere. Wealthfront and Betterment were the first two companies to deploy robo-advisors, more than a decade ago now. Today, more than a dozen robo-advisors have entered the market. From banks to private companies, everyone wants a piece of the robo-advisor market. […]

Since 2014, around 15 robo-advisors have emerged in Canada, managing combined assets of approximately $11.4 billion at the time of this writing. These are small assets compared to those invested through Canadian online brokers ($422 billion) and through Canadian mutual funds ($1.6 trillion). Despite this, Canadian robo-advisers are popular with young people because they allow […]

My front door was ajar. Inside, my apartment felt abnormally still. Nothing was out of place. No torn curtain waving in the wind. But my laptop was nowhere to be seen. My apartment had been broken into. My laptop was stolen.  So after a few tears (let’s be honest), four hours on the phone with […]

The financial system is not well set up for small investors. Financial advisors are called many different things, are either paid by flat rates (called fee-only advisors), or by commission (which is much more common). Often, the small investor cannot afford a fee-only financial advisor. Moreover, advisors who are paid commission (both initial and follow-up) […]

One way to give your child a head start in life is to save for their education. The Registered Education Saving Plan (RESP) allows you to put money aside for education and enjoy tax benefits from the Canadian government.  This guide covers everything you need to know about the RESP in Canada. We cover the […]

Are you on the hunt for Betterment alternatives for Canadians? Robo-advisors like Betterment, which uses computer algorithms to give personalized advice and help manage your investment portfolio, are numerous in Canada. Many investors find this option to be stress-free, and they end up saving money from the high fees they would typically see with a […]

The rise of machine-enhanced financial advisors – or “Robo-Advisors” – lead to the spawn of many different investment products. Wealthfront is one of the most popular, offering automated investing plans alongside financial advice. The platform calls itself “financial planning, redefined,” but is it right for everyone? Here’s our take on Wealthfront, who it works best […]

The goal of investing is to create long term income and grow as much as possible over time, earning you passive income. But how can you do that? Generally, investors are most successful when they diversify their investments across the market and keep the investment costs low. That means it could be a drag to […]

If you want to grow your money, stop saving it. The secret to building wealth isn’t a secret at all. You need to invest your money if you want to achieve financial independence and live life on your own terms. Luckily, you can build a diversified ETF portfolio without the need for in-depth research, complicated […]

Technology has changed just about everything in the world. The way we do things has changed dramatically. It has changed the way we consume news, the way we communicate with one another, and has even changed the way we bank. Among other fintech innovations, robo-advisors changed the way many Canadians invest.   Robo-advisors are nothing […]