A suite of services includes online trading, robo-advice and personal financial planning with a dedicated financial advisor
Robo-advisor makes investing accessible with lower $1,000 minimum
Power Financial has invested $165 million in capital in the robo-advisor since 2015
More than 75% of users surveyed say the service is “better” or “much better” than a traditional investment experience
RBC InvestEase can support non-registered investment accounts, RRSPs and TFSAs
In addition to online portfolio management, the new platform also offers marketing support and online tools for advisors
BMO SmartFolio has reduced its account minimum to $1,000
With robo-advisor platforms and similar services here to stay, these firms will magnify their existing offerings and enter new arenas
The new platform allows the firm’s advisors to expand their reach and nurture future clients
Some robo-advisors are adding platforms and partnerships to make offering ETFs to clients much easier for mutual fund advisors