Wealthsimple’s fees are two-fold: account fees and MER. Wealthsimple charges 0.4-0.5% on all accounts, plus MERs of 0.1-0.7% depending on your portfolio—this gives you a range of 0.5-0.9%. Meanwhile, Tangerine
The management fee of 0.40% is reasonable, and the minimum balance of $1000 to start investing is more attainable than say, $5000. However, there are robo advisor options such as Wealthsimple and Nest Wealth where you can start investing with as little as $1. Additionally, the ETFs in ...
To give you an example of my “get-rich-slowly” point, here is a screen shot from my ETrade account dated December 7, 2024 that shows one of their top performing recommendations in the last 4 years. Tesla (TSLA) was the Motley Fool’s recommendation on January 2, 2020 and I bought ...
(if you aren’t hit hard with commission fees from the advisor). The management fee of 0.40% is reasonable, and the minimum balance of $1000 to start investing is more attainable than say, $5000. However, there are robo advisor options such asWealthsimpleandNest Wealthwhere you can start ...