Annual management feeLegal Disclaimer 1
Pay a management fee of just 0.5% per year on your investment balance, plus MERs charged by the ETF manager.
Standard Portfolio ETF MERs (weighted average): 0.11%-0.22%
Responsible Investing Portfolio ETF MERs (weighted average): 0.18%-0.30%
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.
Our annual management fee of 0.50% + applicable sales taxes will be billed monthly, based on your average Assets Under Management.
Start small or start big - it’s up to you. Your money is invested once you reach a balance of $100 or more, to allow you to start saving for your goals without having to save up thousands of dollars first.
For balances of $100 to $1499 we invest you in a “Small Balance portfolio,” which obtains similar exposure to the full Standard and Responsible Investing portfolios through the purchase of fewer ETFs. We offer a Small Balance portfolio to help get more Canadians off the side-lines and investing for their future. Our Small Balance portfolio is necessary because we do not purchase fractions of ETFs (these are also known as “fractional shares”), which makes the construction of a diversified portfolio more difficult for values below $1500.
When your account balance rises above $1500 we would transition it to a full Standard or Responsible Investing portfolio (which contain four to six ETFs) at no additional cost and no action required by you
Like mutual funds, Exchange Traded Funds (ETFs) have expenses related to managing the fund. These expenses are usually expressed as the Management Expense Ratio (MER), which is made up of the following costs:
The ETF MERs described above are different from the annual investment management fee of 0.50% that RBC InvestEase charges for its services.
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.
You’ll only be charged any outstanding management fee on a prorated basis if you close your account.
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