As per Wikipedia
Robo-advisors or Robo-advisers are a class of financial adviser that provide financial advice or Investment management online with moderate to minimal human intervention. They provide digital financial advice based on mathematical rules or algorithms. These algorithms are executed by software and thus financial advice do not require a human advisor. The software utilizes its algorithms to automatically allocate, manage and optimize clients' assets.
There are a lot of them (apparently over 100) right now, but after searcg and research, for myself, i've choosed Wealthsimple and here is why:
- it's among the best and biggest
- it's super easy
- you get a fully diversified portfolio across 10 asset classes based on your personal risk tolerance
- will handle it all: trading, cash, movements and statements
- low cost (no more wasting money with expensive MER fees)
- easy access to the money you have there
- safe: your investment accounts are insured by the Canadian government up to $1,000,000 through the Canadian Investor Protection Fund
- fast and easy withdrawals
- over $3 billion assets under management
The registration is simple, few minutes and you are all setup. And the good news is that using this link you get $10,000 managed free for 12 months.