RBC InvestEase is an online investment management service that simplifies investing and adds the expertise of real advisors leaving all the investing work to us.
We provide you with an investment plan based on your answers to a few questions. We’ll invest your money in a portfolio of carefully-selected ETFs on your behalf, and our accredited advisors keep an eye on them to help you stay on track.
No. While RBC InvestEase is an online investing service, it is not the same as self-directed investing (such as through RBC Direct Investing).
With self-directed investing, the responsibility of researching and picking investments, creating an investment portfolio, and buying/selling investments is on you. At RBC InvestEase, we do all this work and recommend the investment plan for you. All you have to do is choose your account type and deposit money into your account.
RBC InvestEase offers you convenient investment management for a lower fee than you’d typically pay for traditional investment advice*. You can view your portfolio and track your progress online any time and get help from our team of experienced Portfolio Advisors when you need it.
* Traditional investment advice refers to full-service investment advice offered in Canada to individual investors.
During our pilot, you can open an account with us at any time online provided that you meet eligibility criteria. Here’s how:
You can call us at 1-800-769-2531 if you have more questions about opening an account.
During our pilot, you can open a Tax-Free Savings Account (TFSA), a Registered Retirement Savings Plan (RRSP) or a non-registered investment account. Even though you may already have other non-registered accounts with RBC, you’ll need to open a new account.
We are working on adding other accounts in the future, like a Locked-In Retirement Account (LIRA), Restricted Locked-in Registered Retirement Savings Plan (RLSP), Registered Retirement Income Fund (RRIF), Registered Education Savings Plan (RESP) and joint accounts.
Yes. You need to contribute at least $1,000 into your account to start so that we can invest your funds into a diversified portfolio, which will have a mix of assets suited to your investment plan.
This $1,000 minimum only applies to your first deposit. After that, you can choose to deposit as much or as little as you’d like. Just keep in mind that your plan may go off track if your contributions don’t match what you set out in your investment plan. We suggest maintaining a balance of $1,000 or more to ensure your portfolio is always diversified.
If you’d like to join the pilot, you must meet the following criteria:
Accounts opened before October 31, 2018, will not be charged management fees by RBC InvestEase until March 31, 2019. During this promotional period, only a weighted average management expense ratio between 0.10-0.17% will apply to the ETFs held in your portfolio. We’ll also contact you 60 days before we start charging fees to your account.
If you transfer money/assets directly from RBC InvestEase to another financial institution, a fee of $135 + applicable sales tax will be charged. If you transfer to another RBC company or withdraw in the form a cheque, then we will waive the $135 fee.
Starting April 1, 2019, an annual management fee of 0.50% + applicable sales tax (billed monthly, based on your account’s average Assets Under Management) will be charged by RBC InvestEase.
The annual investment management fee covers the costs of buying your investments, rebalancing your portfolio, and accessing our Portfolio Advisors. There are no surprise transaction or administrative fees.
Like mutual funds, exchange-traded funds (ETFs) have expenses related to managing the fund. These expenses are expressed as the management expense ratio (MER). In general, ETFs are more cost-efficient compared to mutual funds of equivalent strategies. The MER is made up of the following costs:
Note: The ETF MERs described above are different from the annual investment management fee of 0.50% that RBC InvestEase charges for its services.
Our annual investment management fee of 0.50% + applicable sales taxes will be billed monthly, based on your average assets under management.
You won’t need to pay any fees to withdraw funds from your account. You’ll only pay a fee of $135 + applicable sales taxes if you transfer money from your RBC InvestEase account to an account at another financial institution.
If you’d like to withdraw funds from your account, call 1-800-769-2531 and a Portfolio Advisor will help.
There are no additional fees to close your account. During our pilot, you will not have to pay our annual management fee of 0.50% + applicable sales taxes. If you close your account once this fee is being charged, you’ll be charged any outstanding advisory fees on a prorated basis.
Automatic transfers (or pre-authorized, ongoing contributions) are an easy way to make sure your investment plan stays on track. Here’s how to set them up:
Deposits you make from your RBC bank account to your account between 4:31 a.m. and 7:54 p.m. Eastern Standard Time (EST) will be processed in real time. Deposits made during all other times will be processed the next business day.
If you have setup your deposits from another bank using Bill Pay, refer to your bank on when your transaction will be processed.
If you withdraw money from your account, it may take up to five business days for the transaction to be processed, since it takes a few days for the ETFs to be sold and converted to cash.
To find your account statements:
We’ll mail your tax documentation during the first quarter of each year.
Since we do all the investing work for you, there is no need to set anyone else as your trading authority.
If you decide to close your account, you can call us at 1-800-769-2531 and speak with a Portfolio Advisor.
An investment portfolio is a grouping of investments, combined in such a way to meet a specific financial goal and to match a person’s tolerance for investment risk and time horizon.
For example, depending on your reasons for investing and how long you have to invest, your portfolio could be focused on aggressive growth, moderate growth, protecting and preserving your money, or a balance of growth and preservation.
Your investment portfolio uses an asset allocation mix – a combination of stocks, bonds and cash determined by your risk profile – to help you reach your investment goals. As time passes, your portfolio may drift from the original mix (or target allocation) due to the relative performance of each asset class or because of deposits and/or withdrawals.
As a result, your portfolio may become unbalanced with too much of one asset class or too little of another. When this happens, RBC InvestEase buys or sells the required (ETF) units to bring you back to your original target allocation. Rebalancing ensures that your portfolio stays in line with your objectives.
An exchange-traded fund (ETF) is similar to a mutual fund, except an ETF trades like a stock on an exchange. Like a mutual fund, you can buy “units” in an ETF to own a proportional interest in a pool of assets (such as stocks or bonds).
Indexed ETFs commonly track a specific:
Browse our product profiles below to learn more about the ETFs:
The investment returns shown on your dashboard are calculated using a modified time-weighted rate of return. This method accounts for your portfolio’s performance and timing of cash flows in and out of your account. These calculations exclude the current month’s activities.
Yes. If your investment plan no longer makes sense for your needs or if you’ve had an important life change, give us a call at 1-800-769-2531. A Portfolio Advisor will ask a few questions to understand your situation and help you update your plan.
RBC Direct Investing Inc. provides custodial services for the funds that you invest with RBC InvestEase. RBC Direct Investing Inc. is responsible for keeping your financial assets safe, maintaining your accounts, record keeping, trade settlement and reporting. RBC Direct Investing Inc. is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).
Through RBC Direct Investing Inc., your account is protected up to certain limits by the CIPF in the event of the insolvency of RBC Direct Investing Inc. The CIPF does not protect your assets from losses due to market movements or the activities of RBC InvestEase. If you’d like to learn more about these limits, please visit the CIPF website (www.cipf.ca) for more information.
Under the Online Security Guarantee, if an unauthorized transaction is made in your account through the RBC InvestEase online dashboard, you will be reimbursed 100% for any direct losses in your account. Terms and conditions will apply.