Bmo Smartfolio Review

Upon completion of the sign up process you will be able to review the model portfolio presented to you by bmo smartfolio.

Bmo smartfolio review. My plan is to review all other similar automated services available to the canadian market place and provide a comparison similar to my discount brokerage comparison. Bmo smartfolio is an online investment management service offered by canada s oldest bank bmo. Bmo smartfolio gives you an actively managed portfolio with way lower fees than the average canadian mutual fund fees. Backed by the trustworthy bmo name you can definitely feel safe investing with them.

Past and present bmo is not only canada s oldest bank but has historically been a first mover on many occasions when it comes to innovative new products. The final word while bmo smartfolio does not offer the lowest fees of the available robo advisors it has something that its competitors do not a strong name and hundreds of years of experience in the banking industry. Your portfolio management team regularly reviews and adjusts your portfolio so you don t have to worry about making trades or market changes. Smartfolio is an online service but your portfolio is managed by experienced professionals.

But the fees aren t the lowest you can get in the emerging world of online investing even for actively managed portfolios. With bmo introducing smartfolio a new online portfolio management service and the first of the big banks they contacted me to provide my opinion of their new product. Affordable etfs combined with smart portfolio management gives investors piece of mind without the hassle of trying to do it all themselves or paying 2 or more for a similar portfolio of mutual funds. Want to take this control but still get professional expert money management at a low cost.

Of course you do. While robo advisors may evoke pictures of robots managing your investment this is not the case. Also one of the registered representatives from bmo s smartfolio team will personally get in touch with you evaluate your model portfolio and needs make any necessary changes if required and only then will allocate the funds and make the investments on your behalf. Bmo smartfolio bills itself as an easy and affordable hands free professionally managed online portfolio service and it s off to a good start.

Bmo s smartfolio service represents a continuing shift in the investment industry as investors seek more affordable and effortless investing solutions.