Robo-advisors · Updated Oct 16, 2026
Enter your balance to see each robo-advisor’s yearly management fee in dollars, plus the fund costs charged inside the portfolio.
6 robo-advisors · $50,000 balance
| Robo-advisor | Score | Management fee | Fee on $50,000 | Fund MER | Minimum |
|---|---|---|---|---|---|
| Questwealth Portfolios | 75/100 | 0.25%; 0.20% from $100,000 | $1250.25% a year | 0.09%–0.12% (socially responsible 0.20%–0.24%) | $250 |
| Wealthsimple Managed Investing | 70/100 | 0.50% (Core); 0.40% from $100,000 (Premium); as low as 0.20% at $500,000+ | $2500.5% a year | Varies by portfolio | $0 |
| RBC InvestEase | 57/100 | 0.50% on any balance | $2500.5% a year | 0.12%–0.20% (responsible 0.17%–0.25%) | $100 |
| Justwealth | 50/100 | 0.50% ($4.99 monthly minimum) | $2500.5% a year | About 0.20% on average | $5,000 |
| BMO SmartFolio | 42/100 | 0.70% on the first $100,000, falling to 0.40% | $3500.7% a year | 0.20%–0.35% | $1,000 |
| CI Direct Investing | 41/100 | 0.60% under $150,000, falling to 0.35% | $3000.6% a year | Varies by portfolio | Not published |
The lowest robo-advisor fee
About $178 with fund costs
0.25%; 0.20% from $100,000
0.09%–0.12% (socially responsible 0.20%–0.24%)
5 account types
No minimum and the most account types
1% transfer match, up to $20,000 — Transfer $25,000+ from another institution within 30 days of registering. Paid in 24 monthly instalments.
Plus fund costs
0.50% (Core); 0.40% from $100,000 (Premium); as low as 0.20% at $500,000+
Varies by portfolio
7 account types
RBC clients who want a bank-backed robo
About $330 with fund costs
0.50% on any balance
0.12%–0.20% (responsible 0.17%–0.25%)
4 account types
RESPs and RDSPs with a dedicated portfolio manager
About $350 with fund costs
0.50% ($4.99 monthly minimum)
About 0.20% on average
No minimum for RESP, FHSA and RDSP
BMO clients who want bank-run portfolios
About $488 with fund costs
0.70% on the first $100,000, falling to 0.40%
0.20%–0.35%
5 account types
Larger balances and locked-in accounts
Plus fund costs
0.60% under $150,000, falling to 0.35%
Varies by portfolio
5 account types
FAQ
Questwealth Portfolios scores highest (75/100) with a management fee of 0.25%; 0.20% from $100,000. On $50,000 that’s $125 a year, versus $350 at BMO SmartFolio.
Management fees run from 0.25% (Questwealth Portfolios) to 0.70% (BMO SmartFolio) a year, plus fund MERs of roughly 0.1%–0.35% inside the ETFs.
If you won’t pick and rebalance ETFs yourself, a robo-advisor costs far less than most mutual funds (often 2% a year). If you’re comfortable buying an all-in-one ETF at a $0-commission broker, you can skip the management fee entirely.
Wealthsimple Managed Investing has no minimum. Questwealth needs $250, RBC InvestEase needs $100, Justwealth needs $5,000, BMO SmartFolio needs $1,000.
WalletReturn is independent. We may earn a commission when you open an account through some links; that never changes our scores or our numbers. Fees and offers change — confirm them with the provider before you open an account. This is general information, not investment advice. Investments are not guaranteed; CIPF protection covers missing client property if a member firm fails, not market losses.
