ModernAdvisor

ModernAdvisor is an independent robo-advisor that stands out for two reasons: it's the only one in Canada to offer the RDSP (Registered Disability Savings Plan), and it offers hybrid portfolios combining passive and active management.

ModernAdvisor offers 10 risk levels and three portfolio types: Core (index), SRI (socially responsible), and Harmony (hybrid active/passive).

• Management fee: 0.50% (under $250K), decreasing for larger amounts
• Minimum fee: $2.50/month
• Minimum deposit: $1,000
• Accounts: TFSA, RRSP, RESP, FHSA, RRIF, LIRA, non-registered
• RDSP: only Canadian robo-advisor to offer it
• Transfer out: $0

A niche choice best suited for people eligible for the RDSP or those who want a combination of active and passive management. For regular investors, Questwealth offers lower fees.