Metroland Media invests in robo-advisor

Metroland Media Group Ltd. today announced a $1.5 million cash investment in Nest Wealth Asset Management Inc., a Canadian online automated financial advisor.

Nest Wealth combines the customization of a personal portfolio manager with technology, says a media release. Clients’ funds are invested in low-cost ETFs and, as the markets fluctuate, Nest Wealth monitors and rebalances portfolios back to the original asset allocation established by the client.

Nest Wealth charges a transparent, flat monthly fee for its services, regardless of the size of the account.

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