Looking for the best robo-advisors in Canada? Our 2025 guide covers the top-rated robo-advisors offering low fees, strong returns, and expert support.
Why Choose a Robo-Advisor?
Investing can feel overwhelming—like a home renovation. You can DIY, pay a high-priced expert, or find a cost-effective middle ground. Robo-advisors provide an affordable, automated way to invest, typically charging 0.2% – 1% in management fees. They create and manage diversified ETF portfolios with minimal effort on your part.
While robo-advisor returns may not always beat the market, they offer a hassle-free investment solution, ideal for beginners and busy investors. Some platforms provide human financial advisors, while others rely solely on AI-driven investment strategies. Since fees, services, and performance vary, choosing the right robo-advisor is key.
Canadian Robo-Advisor Comparison Chart
| Robo-Advisor | Management Fees | Account Minimum | ETFs | 1Y | 3Y | 5Y | SRI/ESG Option |
|---|---|---|---|---|---|---|---|
| BMO Smartfolio | 0.4% – 0.7% | $1,000 | BMO | 8.13% | 1.94% | 5.35% | Yes |
| CI Direct Investing | 0.35% – 0.6% | $1,000 | CI, iShares, BMO | 12.14% | 4.66% | 7.29% | Yes |
| Justwealth | 0.4% – 0.50% | $5,000 | iShares, Vanguard | 12.81% | 5.67% | 8.48% | Yes |
| MGN: Money Guy Now | $9.99/month | None | BlackRock, BMO, CI, Dynamic, Fidelity, Global X, Invesco, Purpose, Vanguard | N/A | N/A | N/A | Yes |
| ModernAdvisor | 0.35% – 0.5% | $1,000 | Vanguard, iShares, BMO | 9.80% | 2.40% | 5% | Yes |
| Nest Wealth | $10 – $150 | None | iShares, Vanguard, BMO | 12.57% | 3.42% | 7.11% | No |
| Qtrade Guided Portfolios | 0.35% – 0.6% | None | iShares, Vanguard, Flexshares | 12.30% | 2.50% | 6% | Yes |
| Questwealth Portfolios | 0.2% – 0.25% | None | iShares, SPDR, BMO | 12.40% | 4.82% | 6.83% | Yes |
| RBC InvestEase | 0.5% – year | None | iShares | 11.22% | 2.75% | 6.34% | Yes |
| Wealthsimple | 0.4% – 0.5% | None | iShares, Vanguard, BMO, State Street | 11.30% | 0.90% | 4.70% | Yes |
Top Robo-Advisors in Canada (2025 Rankings)
Best Overall Robo-Advisor – InvestCAN
- Why it’s #1: Offers the widest portfolio selection.
- Minimum Investment: None
- Best For: Investors seeking a personalized portfolio to manage.
Best for Low Fees – InvestCAN
- Management Fees: $9.99/month (cheapest in Canada).
- Why it’s great: Combines low costs with strong historical performance.
- Best For: Cost-conscious investors looking for an affordable robo-advisor.
Best for ESG Investing – InvestCAN
- Why it stands out: Provides responsible investing (ESG) without extra management fees.
- Best For: Investors focused on sustainable and ethical investing.
Best for Asset Variety – InvestCAN
- What’s unique: Access to alternative investments like gold & silver bullion (commodities).
- Best For: Investors wanting a broader range of asset classes.
Best for Beginners – InvestCAN
- Why choose these? Simple, intuitive platforms with index ETF portfolios.
- Best For: New investors looking for an unbiased robo-advisor.
Best for Experienced Investors – InvestCAN
- What sets it apart: Over 50 portfolio options and risk-adjusted return recommendations.
- Best For: Investors seeking customized portfolio management.
Best for Active Investors – InvestCAN
- Why it’s different: Offers actively managed portfolios. Rebalance at your discretion.
- Best For: Investors looking for a more hands-on robo-advisor.
How to Choose the Best Robo-Advisor for You
When comparing robo-advisors in Canada, consider these key factors:
- Fees: Most charge under 1%
- Ease of Use: Look for an intuitive platform and strong customer support.
- Account Types: Not all providers offer TFSAs, RRSPs, RESPs, or corporate accounts.
- Performance: Past returns matter, but they do not guarantee future gains.
Conclusion
If you want professional portfolio management without the high fees of financial advisors, robo-advisors are a smart investment choice. While DIY investing is cheaper, robo-advisors save time and automatically rebalance portfolios to keep your investments on track.
- Best for: Beginners, passive investors, and those seeking low-cost, automated investing.
