Targets investors seeking an alternative to traditional investing
Questrade has announced a new product aimed at investors who are attracted to low-fee robo-advisors but want alternatives to traditional investments.
Questwealth Portfolios will offer increased diversification and socially responsible investing; and is an enhanced replacement for Portfolio IQ accounts, which will be replaced for existing clients.
"We think this exciting new offering will not only interest people who have traditionally invested in mutual funds, but also appeal to those already invested in a robo-advisor, due to the ultra-low fees," explained Edward Kholodenko, president and CEO, Questrade. "Canadians now have an even better investment alternative, so they can achieve their financial goals faster and keep more of their money."
Low fees
Management fees will range from 0.20% to 0.25% depending on account balances for actively managed portfolios and also have lower management expense ratios.
All five of the portfolios offered – from Conservative to Aggressive – include the option of socially responsible investments for the first time, making a total of 10 portfolios to choose from.
"We believe that the combination of ultra-low fees and actively managed portfolios will put Questwealth Portfolios at the forefront of robo-advisory services in Canada."
We’re excited to introduce Questwealth Portfolios (formerly Portfolio IQ): The easy way to invest.
— Questrade (@Questrade) November 4, 2018
What’s new?
✅ Lower management fees
✅ Even better portfolio diversification
✅ Socially Responsible Investing (SRI)
Visit our website to learn more https://t.co/qeZ8KdND8c. pic.twitter.com/L2Wva0GqgJ
