Questrade presents Questwealth Portfolios ™
– Smart pre-built wallets make investing accessible with ultra-low fees
to allow Canadians to retire up to 30 percent richer –
TORONTO, November 3, 2018 / CNW / – Today, Questrade (www.questrade.com) is launching Questwealth Portfolios ™, low-cost, actively managed portfolios to meet the needs of Canadian investors looking for an alternative to traditional investments.
This new, easy-to-use investment offering comes with further reductions in fees, increased diversification and, for the first time, SRI (socially responsible investment) options. Questwealth Portfolios is the significantly improved version of Questrade Portfolio IQ, one of the first robo-advisers in Canada to provide an alternative to mutual fund investments, and will replace those with current Portfolio IQ accounts.
“We believe that this exciting new offering will not only appeal to people who have traditionally invested in mutual funds, but will also appeal to those who have 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 solution, allowing them to reach their financial goals faster and keep more of their money. “
The new Questwealth portfolios have ultra-low management fees (0.20 and 0.25% depending on account balance) for actively managed portfolios in the Canadian robo-advisory industry, which are significantly lower than the most mutual funds, and also have reduced management expense ratios (REMs).
These globally diversified ETF portfolios allow Canadians to invest in the market much like a mutual fund, but with much lower fees, helping investors keep more of their money. yields. The five portfolios (ranging from conservative to aggressive) are built and managed by experts who monitor the market and adjust the portfolios when needed.
Questwealth Portfolios will now also offer Socially Responsible Investing (SRI) versions of the five portfolios, to enable clients to invest in a smart and globally diversified portfolio that reflects their values, offering clients a total of ten wallets to choose from.
Mr. Kholodenko added: “We believe that the combination of ultra-low fees and actively managed portfolios will place Questwealth Portfolios at the forefront of robotic advisory services in Canada. “
To learn more, investors can visit Questrade’s website (www.questrade.com/questwealth-portfolios) which offers a simple and easy-to-use calculator and a customizable and personalized video so they can see how they can achieve their financial goals faster, and ultimately, keep more of their money.
About Questrade, Inc.
Questrade (www.questrade.com) is from Canada The fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees and providing a viable alternative to traditional financial investment options, enabling Canadians to 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 19 years of difficult status quo as from Canada leader in non-banking online brokerage, more than 8 billion dollars assets, account protection up to 10 million dollars and more than 30,000 accounts opened each year, Questrade and its companies offer financial products and services: securities, foreign currency investments and online wealth management. Questrade was again named one of the from Canada Best Managed Companies for the seventh year in a row, achieving Platinum status. For more information, visit www.questrade.com, or follow us on Facebook and Twitter @Questrade #QuestwealthPortfolios.
Questrade, Inc. is a registered investment dealer, member of the Securities Industry Regulator 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.
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Retiring 30% Richer illustrates how investing with a Questwealth balanced portfolio could improve your retirement savings using a hypothetical example. Questwealth Portfolios has annual fees that have been compared to the average annual fees of comparable mutual funds (Canadian-listed neutral global balanced funds). Please visit our website at www.questrade.com/questwealth-portfolios for more details. This is based on an initial investment of $ 20,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representation or warranty is made as to the reasonableness of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc. |
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For Questwealth’s SRI portfolios, as there is no universal socially responsible investment (“SRI”) methodology, the selection of the underlying securities in Questwealth’s SRI portfolios is based on data from various sources in the world. sector, in particular environmental, social, governance and SRI methodologies. . Certain parts of the bond component of Questwealth’s SRI portfolios may not be recognized by these methodologies as exclusively SRI investments. |
SOURCE Questrade
For more information: For more information, visuals or to arrange an interview or studio segment with Questrade President and CEO Edward Kholodenko or COO Stephen Graham please contact Susan Willemsen or Briana Le Goaix from The Siren Group Inc. Tel. : 416-461-5270 or 416-402-4880. E-mail: [email protected] Where [email protected] Visit www.thesirengroup.com, and on Facebook, Twitter and Instagram @thesirengroup
Related links
https://www.questrade.com/