Wealthsimple simplifies its RESPs

Wealthsimple has relaunched its RESPs so that new and existing clients can open and fund the plans through Wealthsimple’s mobile or web app.

Along with doing less paperwork, it says investors will benefit from their money being invested in diversified, low-cost ETF portfolios. Wealthsimple charges its standard management fee of 0.4% to 0.5%, noting there are no administrative, trading, account transferring, or rebalancing fees.

For more on RESPs, read:

A tricky thing about RESP payments

Be careful with RESPs for U.S. persons

Financially savvy families more likely to start RESPs: study

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.