Justwealth

Justwealth is an independent robo-advisor that stands out for its specialization in RESPs with target-date portfolios. These portfolios automatically adjust as your child approaches university age.

Justwealth offers over 80 different portfolios, the largest selection among Canadian robo-advisors.

• Management fee: 0.50% (0.40% with $500K+)
• Minimum fee: $4.99/month
• Minimum deposit: $5,000
• Accounts: TFSA, RRSP, RESP, FHSA, RRIF, LIRA, non-registered
• Transfer out: $0
• RESP: target-date portfolios that become more conservative over time

Particularly suited for parents saving for their children's education. For a simple TFSA or RRSP, Questwealth or Wealthsimple Managed are cheaper.