Sentences with phrase «canadian robo»

The company has more than 80 per cent of Canadian robo - advisor users as clients, according to Strategic Insights data cited by the company.

And the growth of the robo - advisors [Kirzner is an advisor to Canadian robo - advisor firm Wealthsimple] and that underscores the growing but still modest popularity of indexing.»

It is the only Canadian robo - advisor to release client figures.

With so much governance and regulatory safety built into the Canadian Robo Advisory landscape, pensioners and retirees should have no inhibitions about using them as investment vehicles.

This official distinction should reinforce the trust of potential of Canadian Robo Advisor investors.

If that's not safe enough for you, consider this: Most Canadian Robo Advisors do not have direct control of your money.

And speaking of safety, Canadian Robo Advisor clients enjoy the benefit of an even stronger regulatory safety net than many of their U.S - based counterparts.

Canadian robo - advisors also provide limited access to human advisors, but this isn't the right approach for you if you need lots of human attention.

Still not sure which Canadian robo - advisor is the best for you?

No such thing as one size fits all,» says Kirzner, also an advisor to Canadian robo - advisor firm Wealthsimple, which invests clients» money in a range of ETFs using the same investment philosophy.

Not exact matches

But while financial experts think Canadian markets would benefit from a bigger robo - advisor presence, they also warn this new alternative doesn't come without risks.

Some Canadian brokerages are offering more online advisor services, but the U.S. has several small, quickly growing robo - advisor companies serving investors.

Fueling that impression are hard - hitting ads by robo - advisor Questrade Portfolio IQ, where everyday Canadian investors grill their sleazy - looking conventional advisors about why their fees are so high and their returns are so low.

For Canadian discount brokerages, competing against «robo» style automation means that DIY investing is going to have to feel like less work, and to achieve that will take continuous investment in technology and, most importantly, listening to clients.

The Bank of Montreal has launched an online portfolio manager, making it the first of the big five Canadian banks to wade into the «robo - advisor» business.

According to Motley Fool, there are about 10 robo - advisor services currently in Canada, but BMO's entry would mark the first foray by a major Canadian financial institution.

Jonathan Chevreau: BMO appears poised to become the first Canadian bank to enter the robo - adviser market, which is catching on with millennials in particular

Study on robo advisors show some firms are falling short of peer performance as well as of Canadian investors» expectations for service

The term «robo - advisor» is certainly a hot topic in wealth management circles and Canadian investors are getting more and more exposure to the term so putting a new spin on the familiar product means that people might just shift how they perceive the VectorVest and Questrade combination.

This post, from reddit's Canadian Investor thread highlights a possible threat to robo - advisors and opportunity for online brokerages who can deliver a «robo» like performance to clients without having them switch.

TORONTO — The Bank of Montreal has launched an online portfolio manager, making it the first of the big five Canadian banks to wade into the «robo - adviser» business.

What this means is that your Robo Advisor - managed pension and retirement accounts are eligible for protection under the Canadian Investor Protection Fund's mandate.

With our robo - adviser technology and using pools of capital from multiple investors, we're able to offer these premium investments for everyday Canadians.

Today, Canada's Robo Advisory landscape includes well - known names like BMO (SmartFolio), Questrade, Virtual Brokers, WealthBar, Wealthsimple and a dozen others who manage a range of investment portfolios, from RRSPs and RESPs, to taxable and Tax - Free accounts (TFSAs), for Canadian clients.

The advantage of robos is academic proof that the performance of a diversified portfolio of different asset classes like stocks and bonds and different sector allocations such as Canadian, U.S. and emerging markets will beat a series of single company picks.

The Bank of Montreal appears poised to become the first Canadian bank to offer a robo - adviser service.

Instead of paying the Canadian average of 2.2 per cent in mutual fund Management Expense Ratios (MERs), a typical robo service charges just 0.5 per cent of assets under management (annually), plus the MERs of the underlying ETFs, which can range from 8 basis points to about 55 basis points, depending on products selected.

While banks offer some of the same investing tools as robo - advisors — like automatic withdrawals and regular rebalancing — robo - advisors tend to have user interfaces which are more intuitive to young tech - savvy Canadians.

Relatively new robo - advisor and hybrid robo - human platforms are rapidly gaining traction in the U.S., and several smart Canadian offerings are popping up north of the border.

While the adoption and understanding of robo - advisors by Canadian investors is still relatively small, the fact that robo - advisors have gained so much traction within such a short amount of time means that this story is only bound to pick up speed going forward into 2016.

Horizons ROBO seeks to hedge its U.S. currency exposure to the Canadian dollar at all times.

Toronto - based automated investment provider Wealthsimple introduced a Shariah - compliant portfolio targeting U.S. and Canadian investors in a move to expand its product offerings in an increasingly crowded robo - adviser market.

For Canadian online brokerages (and robo - advisors too), however, they're still hard at work figuring out... Read More»

For Canadian online brokerages (and robo - advisors too), however, they're still hard at work figuring out how to win the attention of Canadian investors.

As a result, Canadian banks are no longer turning a blind eye to the investment products, and are exploring options such as launching robo - advisers — online portfolio managers that automatically rebalance a suite of ETFs — to increase uptake.

While 11 per cent of Canadians surveyed have embraced the idea of using robo - advisers such as chatbots and humanoids for mortgage advice, banks and mortgage brokers are still the most trusted sources of mortgage advice, the survey says.