Questrade announces an exclusive partnership with the Passiv management tool
– Smart software facilitates self-directed portfolio rebalancing to save investors time and money –
TORONTO, May 27, 2019 (GLOBE NEWSWIRE) – Questrade (www.questrade.com) announces an exclusive partnership with Passiv (www.getpassiv.com), an innovative portfolio management software company that has a tool designed to make it easy for independent investors to rebalance their portfolios, saving time and money for retirement. Passiv is a web-based application that helps implement a passive investing strategy for long-term savings goals such as retirement, buying a home, or saving for a child’s education. Passiv works by automatically calculating the necessary transactions based on the investor’s target portfolio and available liquidity, so that the investor can rebalance their portfolio with just one click.
Get Passiv to go on autopilot
Created for people who prefer to manage their own wallet and are tired of losing money due to high management fees, Passiv allows DIY customers to easily automate their wallet management, receive deposit notifications, and ‘cash and calculate transactions to track a target portfolio. As an official Questrade partner, the tool is free for Questrade customers. There is also an option to upgrade to the Elite package, to unlock more advanced investment options and save even more time by letting Passiv execute trades with one click.
“We are thrilled to partner with Questrade because of their culture of innovation and our shared value of helping Canadians,” said Brendan Lee Young, CEO of Passiv. “We too are disappointed with the status quo of investing – paying high fees in traditional financial institutions without showing anything for it. We’re in line with lower fees, and Questrade also doesn’t offer commission on all ETF purchases, which is a great service for anyone investing for their retirement.
“Creating wealth is not always easy, but with a tool like Passiv, Questrade can make it a lot easier,” added Edward Kholodenko, President and CEO of Questrade. “The partnership with Passiv builds on our commitment to deliver unique, innovative and profitable online services to our customers, so Canadians can reach their financial goals faster and, ultimately, keep more of their money. “
To find out more, investors can visit www.getpassiv.com to take advantage of the tool by logging into their existing Questrade account.
Passiv is a young FinTech software company based in New Brunswick, Canada, specializing in creating wealth management tools for independent investors. Passiv is an official Questrade partner and as such is available to all of its Canadian customers.
About Questrade, Inc.
Questrade (www.questrade.com) is Canada’s fastest growing online brokerage firm transforming the Canadian financial services industry by leveraging technology to lower fees and providing a viable alternative to traditional financial investment options, thereby enabling Canadians from Keep more of their money. As a leader and innovator in fintech, Questrade is a trusted ally who defends consumers, focused on improving value. With 20 years of difficult status quo as Canada’s leading non-bank online brokerage, over $ 10 billion in assets under management, account protection of up to $ 10 million and over 50,000 accounts opened each. year, Questrade and its companies offer financial products and services: securities, currency investing and online wealth management. Questrade was once again named one of Canada’s Best Managed Companies for the eighth consecutive year, achieving Platinum status. For more information, visit www.questrade.com, or follow us on Facebook and Twitter @Questrade.
Questrade, Inc. is a registered securities dealer, member of the Investment Industry Regulatory Organization of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF).
About Questrade Wealth Management, Inc.
Questrade Wealth Management Inc. (“QWM”) provides professional investment management services through Questwealth Portfolios. QWM is an exempt market dealer, investment fund manager and portfolio manager. QWM is a wholly owned subsidiary of Questrade Financial Group Inc.
For more information, visuals or to set up an interview or studio segment with Questrade President and CEO Edward Kholodenko or COO Stephen Graham, please contact Susan Willemsen or Ruth Colapinto of The Siren Group Inc. Tel. : 416 461-5270. E-mail: [email protected] Where [email protected]. Visit www.thesirengroup.com, and Facebook, Twitter and Instagram @thesirengroup.