InvestEase
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Keep More of Your Money Invested
0.5%
Annual management fee
on your account balance*
Low Management FeeLegal Disclaimer 1
We use powerful technology to help manage your investment portfolio, allowing us to keep our management fee low. This fee covers services like buying and managing your investments and providing advice. Elsewhere, you could expect to pay 1-2% for an advisor.Legal Disclaimer 2
Disclaimer*
Plus applicable sales tax.
Low Fund Manager Fee
All of our portfolios are built with exchange-traded funds (ETFs). Like mutual funds, ETFs include a small cost called the . All funds include this fee…whether they tell you or not.
| ETF MERs in our Standard Portfolios | ETF MERs in our Responsible Investing Portfolios: |
|---|---|
| 0.11%-0.13%** | 0.18%-0.23%** |
The Management Expense Ratio (MER) includes a few different costs:
- Annual management fee: Paid to the fund manager for acting as a trustee and manager.
- Operating expenses: Covers fees to comply with regulatory requirements and fees payable to the ETF’s board of governors.
- Taxes: These are the sales taxes on management and administration fees charged to the fund.
Investment funds pay investment fund managers a fee for managing their funds. You are not directly charged the management fee. But, these fees affect you because they reduce the amount of the fund’s return to you. Information about management fees and other charges to your investment funds is included in the prospectus or fund facts document for each fund.
See our FAQs for a detailed explainer.
Our Standard Portfolio is ideal for anyone who wants to reach their future goals and is primarily focused on minimizing their investment fees.
Our Responsible Investing Portfolio is ideal for anyone who wants to reach their future goals while creating a happier, healthier planet.
See How Little It Costs to Invest with Us
The management fee could be just:
/monthLegal Disclaimer 3
Or per dayLegal Disclaimer 3
—less than what you might spend on a cup of coffee!
What You Get For Your Money
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A Professionally-Built Portfolio
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A team to manage your investments
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One-on-one advice if you need it
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ETFs from an industry leaderLegal Disclaimer 4
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Exclusive benefits as an RBC client
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The stability, security and expertise of RBC
Pricing FAQs
RBC InvestEase charges an annual management fee of 0.50% + applicable sales tax (billed monthly, based on your account’s average Assets Under Management). A weighted average management expense ratio between 0.11%–0.23% will apply to the ETFs held in your portfolio.
For additional details on transfer fees please refer to the below section.
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:
- Management fee: The annual fee payable to the fund manager for acting as a trustee and manager. It’s the largest portion of the MER and includes costs of the custodian and valuation agents, registrar and transfer agents, and any other service providers retained by the manager.
- Operating expenses: Include fees like complying with national regulations and fees payable to members of the board of governors of the ETFs.
- Taxes: Each fund must pay applicable sales taxes on management fees and administration fees charged to the fund.
- Management expense ratio (MER): This is the total of the costs noted above expressed as a percentage. In other words, it’s a portion of a fund’s average net assets paid each year to cover the day-to-day and fixed costs of managing the fund. MER includes all management fees and applicable sales taxes paid by the fund for the period, including fees paid indirectly as a result of holding other ETFs.
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 $150 + applicable sales taxes if you make a transfer from your RBC InvestEase account to an investment account (registered or non-registered) at another non-RBC financial institution. This fee doesn’t apply to transfers between investment accounts held with RBC (or its subsidiaries).
Please note that you may be subject to tax consequences when withdrawing from a registered account. Visit Canada.ca(opens new window) to learn more.
When transferring $15,000 or more from a financial institution that is not affiliated with RBC to your RBC InvestEase account, we will reimburse up to a maximum of $200 in transfer fees, to be paid into your RBC InvestEase account.
If you’d like to withdraw funds from your account, sign in to RBC InvestEase and click on “Move Money” from the top menu and then select “Withdraw”.
You’ll only be charged any outstanding management fee on a prorated basis if you close your account.
Ready to Start Investing?
Get a professionally-built and managed investment portfolio without the work.
Legal Disclaimer
RBC InvestEase is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs with each model portfolio holding up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs.
Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.
The services provided by RBC InvestEase are only available in Canada.
Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.
The services provided by RBC InvestEase are only available in Canada.
Legal Disclaimer1
The annual investment management fee is 0.50% + applicable sales taxes (billed monthly, based on average Assets Under Management).
Legal Disclaimer2
Morningstar Inc. 2022 fees and expenses report found the asset-weighted median for commission-based advisory fees in Canada as between 1% and 2.25%. Advisory fees can vary based on independent factors such as asset class, account type or the individual investor or advisory firm.
Legal Disclaimer3
This calculation is an approximate estimation and does not include applicable sales tax or the cost of the management expense ratio (MER) for the ETFs held in your portfolio.
Legal Disclaimer4
Source: BlackRock, RBC GAM. As of December 2022. RBC iShares has the most number of ETFs, across each major asset classes, with most solutions available in each asset class.