Bank Mutual Fund Programs vs Justwealth
Justwealth has been providing Justice to Canadian investors for over 8 years.
Do fees make a difference?*
Compare Justwealth’s portfolios using low-cost Exchange Traded Funds (ETFs) versus the high-fee mutual fund portfolios offered by Canada’s big banks. Warning, you may find the results disturbing!
Data as of March 31, 2024
Source: Morningstar Direct
* The information presented above was obtained from sources which we believe to be reliable, but we cannot guarantee the accuracy of the information. The information does not constitute financial, tax, legal or any other kind of advice, nor is it an offer to buy or sell any securities. Rates of return are presented in Canadian dollars, annualized, and are net of the fees indicated. For additional details on the calculation of Justwealth rates of return, please refer to the disclosure on our performance page. Past performance is not a guarantee of future returns.
This analysis is a comparison of the largest mutual fund asset allocation programs offered by each of the 5 largest Canadian banks and Justwealth, an independent, low-cost online Canadian Portfolio Manager. Each program maintains a series of portfolios ranging from low risk to high risk. The categories used in the analysis attempt to compare portfolios with similar allocations to fixed income and equity securities. The five categories and approximate asset allocations are as follows:
Conservative: 80% Fixed Income/20% Equity
Moderate: 60% Fixed Income/40% Equity
Balanced: 40% Fixed Income/60% Equity
Aggressive: 20% Fixed Income/80% Equity
Maximum: 100% Equity
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Canadians have invested over $125 Billion in the programs above. It’s time to get “Justice” from your investments!
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Justwealth – A Recognized Industry Leader
Best Overall Robo-Advisor – Justwealth
Moneysense Annual Guide 2022
Portfolio/Discretionary Manager of The Year
Nomination – James Gauthier
Wealth Professional Awards 2021
Portfolio/Discretionary Manager of The Year
Nomination – James Gauthier
Wealth Professional Awards 2020
Leading Portfolio Managers
James Gauthier
Wealth Professional Canada 2019
FinTech Company of the Year
Nomination – Justwealth
Canadian FinTech and AI Awards 2019
Entrepreneur/Innovation Leader of the Year
Nomination – Andrew Kirkland
Canadian FinTech and AI Awards 2019
Portfolio/Discretionary Manager of The Year
Nomination – James Gauthier
Wealth Professional Awards 2019
Top 50 Canadian FinTech Company
Digital Finance Institute 2019
Top 50 Women in FinTech
Isobel Russell
Digital Finance Institute 2019