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Everyone can benefit from a financial management plan. It becomes especially important when you begin to develop your portfolio. Justwealth is a reputable company that offers Canadians a variety of investment portfolio options designed to help build their wealth or generate passive income. If you’re looking for a convenient and affordable way to invest, Justwealth is simple to use, entirely virtual and a fantastic platform for both beginners and advanced investors.
By using a simple process, coupled with the wisdom of financial professionals, Justwealth helps clients make the most of their investment funds. First, you provide details about your personal goals and financial situation. This enables Justwealth to get a full picture of what you hope to gain. You detail the amount of money you want to invest and a timeline, which helps Justwealth execute your investments. Once you submit the funds and review the recommendations from Justwealth, you can move on to the next step.
The next step involves getting assigned to a portfolio management professional. This individual is the exclusive representative of your account. They allocate your investment funds into the exchange-traded funds (ETFs) that best suit your requests. Even if you didn’t have a pre-existing portfolio, this helps you get started. If, as you move forward, your priorities change, Justwealth remains accessible. Though your account representative handles the daily goings-on of your portfolio, you can always touch base with them. Once you inform them of requisite alterations, they can adjust your portfolio accordingly.
Depending on your priorities and long-term goals, there are different accounts you can approach. Tax-free savings accounts help buffer large amounts, registered retirement savings plans are excellent for future financial security. Joint investment accounts enable you to share risk and profit with others. If your focus is on quicker gains, a non-registered (and taxable account) is also an option.
Justwealth offers numerous investment portfolios, including the following:
Since Justwealth employs an MER methodology, payments are simplified. Essentially, you pay an annual fee relative to your investments and a small percentage of your gains. The Justwealth management fee is 0.5% (or 0.4% over $500k) but the average MER is only 0.20%.
The minimum management fee is $4.99 monthly for all accounts except RESPs. This covers your account, trading and custody fees. Fees differ for RESPs and are a minimum of $2.50 per month.
Fees | Annual Management Costs: 0.5% of first $500,000 (or 0.4% over $500k) |
Management Expense Ratio | 0.20% (Average MER for all portfolios) |
Minimum investment | $5,000 for accounts other than RESPs; Minimum fee of $4.99 monthly; $2.50 RESP account minimum fee paid monthly |
Reinvests dividends | Tax-deductable management fee of 0.5% |
Tax-loss harvesting | Yes |
Automatic Rebalancing | Yes |
Types Of Portfolios | Income Portfolios U.S. Dollar Portfolios Tax-Efficient Portfolios RESP Target-Date Portfolios |
Visit the Justwealth website to get started. You will need your social insurance number as well as your spouse’s (in certain situations). Also required are bank account details and photo identification. Beneficiary information is also requisite. After a brief digital form, you are set to go. The online system gives you the opportunity to gather all information and think on your own time. With a comprehensive form, designed to fit you into one of ten programs, you can easily choose the best route for your needs.
By creating a diversified investment portfolio and using the advantages of modern technology, you can ensure a solid financial future. Justwealth is a solid option for investment and can help ensure the quality future you earned.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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