RBC InvestEase Review 2022


5/5 - (3 votes)

According to our in-depth research, RBC InvestEase is the best robot-advisor service provided by the major Canadian banks. In terms of fees, investment options, and design, it compares favorably to the best robot advisors in Canada. For investors who want to reduce fees while also keeping their portfolio with a large bank, RBC InvestEase is a clear winner.

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About RBC InvestEase

Between RBC’s full-service mutual fund lineup and its self-directed RBC Direct Investing platform for do-it-yourself investors, RBC InvestEase fits in perfectly. With the strength and security of a large bank behind it, RBC InvestEase not only offers RBC clients a great way to reduce fees and grow their portfolios, but it also competes with the country’s top robo-advisors. In fact, they charge the same annual fees as Canada’s top robo-advisor,

As an investor, all you have to do is select your account type and add funds to your account; you only need $100 to get started. Next, RBC InvestEase makes a personalized recommendation for the best investment strategy for you. Accredited portfolio advisors will then invest your money on your behalf in a portfolio of carefully chosen ETFs, monitor your investments, and rebalance your money as needed to keep you on track.

If you are an existing client of RBC, there are additional benefits. In order to view all of your accounts in one location without using another app on your phone, InvestEase, for instance, is fully integrated into the RBC Mobile app and RBC Online Banking. Instant transfers from your bank account to your investment are also advantageous to you.

RBC InvestEase Features

Minimum investment$0 to open (Invested at $100+)
AccountsRRSP, TFSA, Non-registered
Tax loss HarvestingNo
Portfolio re-balancingYes
Automatic depositsYes
Advice TypeAccess to RBC portfolio advisors by phone or by email
Fractional sharesNo
Responsible investingYes
AccessRBC Online Banking
Transfer feesCovers transfer fees on all transfers above $1000
Customer ServiceGood. Live access to accredited portfolio advisors from 8am to 8pm ET.

Best-in-Class Investments: The most extensive ETF selection in Canada, RBC iShares ETFs, are used to build RBC InvestEase portfolios. With about $60 billion in assets under management, it manages a total of 150 ETFs.

RBC’s Reliability and Security: Unlike the majority of robo-advisors, which are start-ups that have only recently begun operations, RBC InvestEase is supported by RBC, Canada’s largest bank by market capitalization and a company that has been around for more than 150 years.

Portfolios for responsible investing are created by RBC Invest Ease using passive exchange-traded funds (ETFs) from RBC iShares, which combine conventional investment strategies with environmental, social, and governance (ESG) considerations. The Responsible Investing ETFs from RBC iShares are screened to keep out businesses related to tobacco, contentious weapons, and firearms for civilian use.

RBC InvestEase portfolio advisors will automatically rebalance your portfolio if it becomes out of balance due to having too much of one asset class or too little of another by buying or selling the necessary (ETF) units to return you to your initial target allocation. Rebalancing aids in ensuring that your portfolio adheres to your goals.

Professional (Human) Advice: RBC InvestEase customers can reach a group of certified Portfolio Advisors by dialing 1-800-769-2531 from 8 am to 8 pm ET during regular business hours.

RBC InvestEase Fees

The annual management fee for RBC InvestEase clients is 0.50 percent plus applicable sales tax, which is billed on a monthly basis based on the average assets under management for your account. Both a Standard Portfolio and a Responsible Investing Portfolio have the same management fee.

The weighted average management expense ratio (MER) of the ETFs held in your portfolio, as is the case with all robo-advisors, makes up the subsequent layer of fees. Depending on the asset allocation you have set up, the ETF MERs for the Standard Portfolio range from 0.11 percent to 0.22 percent. With MERs ranging from 0.18 percent to 0.30 percent, the Responsible Investing Portfolio has access to a number of ETFs.

Customers of RBC InvestEase pay an annual management fee of 0.50 percent plus applicable sales tax, which is based on the typical assets under management for your account and is billed on a monthly basis. The management fee for a Standard Portfolio and a Responsible Investing Portfolio is the same.

The next level of fees is determined by the weighted average management expense ratio (MER) of the ETFs held in your portfolio, as is the case with all robo-advisors. The ETF MERs for the Standard Portfolio range from 0.11 percent to 0.22 percent, depending on the asset mix you have chosen. The Responsible Investing Portfolio has access to a number of ETFs with MERs ranging from 0.18 percent to 0.30 percent.

RBC InvestEase’s Investing Model

RBC InvestEase markets itself as an easy-to-use, automated investing platform that doesn’t require any prior investing knowledge. The ETFs that are suggested for your portfolio are determined by the answers you provide to a brief online survey. A different portfolio recommendation will be given to someone investing for retirement with 30 years to save than to someone investing for a down payment on a house who needs the money in five years.

Blackrock iShares ETFs are used to construct their portfolios. When RBC InvestEase first debuted, RBC Global Asset Management was the only provider of ETFs available. RBC and iShares formed a strategic partnership in the beginning of 2019, managing assets worth about $60 billion across more than 150 ETFs.

ETFs are used by RBC InvestEase because they provide diversification across asset classes, market sectors, industries, and geographical regions. They charge less in fees than mutual funds and provide liquidity, making it simple to buy and sell them on the market.

Your money is invested in a portfolio of low-cost ETFs and cash. To meet your goals, your investment portfolio will hold a diverse mix of asset classes. You can hold your investment portfolio in a TFSA, RRSP, or non-registered account.

How Does RBC Invest Ease Compare?

First, as the only other major Canadian bank with a robo-advisor platform, RBC InvestEase beats BMO SmartFolio. Due to its strategic partnership with iShares and lower fees, RBC InvestEase now offers a broad selection of ETFs from which to construct portfolios.

For investors with less than $100,000 to invest, RBC InvestEase’s fees of 0.50 percent plus a very reasonable MER of 0.11 percent to 0.22 percent are comparable. The distinction is that RBC InvestEase charges a flat 0.50 percent management fee for every client and does not provide discounts for investors with larger accounts.

RBC InvestEase’s 0.50 percent fees and a very reasonable MER of 0.11 percent to 0.22 percent are comparable for investors with less than $100,000 to invest. The difference is that RBC InvestEase does not offer discounts to investors with larger accounts and instead charges a flat 0.50 percent management fee for each client.

Portfolio Options

RBC InvestEase offers two portfolio options: the Standard Portfolio and the Responsible Investing Portfolio.

The Standard Portfolio

The Standard Portfolio is suitable for investors who want to meet their objectives while paying as little in fees as possible. Here is a list of what it contains:

  • lobally diversified and built with low-cost, passive ETFs
  • Low fees (management fee of just 0.5% per year on your investment balance, plus a weighted average MER of 0.11%-0.22%)
  • Professionally rebalanced and managed by RBC InvestEase

Your risk tolerance, prior investment experience, and time horizon will all be taken into account when determining the precise asset mix. What is certain is that your investment portfolio will consist of a combination of fixed income, equity, and cash to meet your financial objectives and risk tolerance. The following ETFs are used in the Standard Portfolios:

  • iShares Core Canadian Short-Term Bond Index ETF
  • iShares Core Canadian Universe Bond Index ETF
  • iShares Global Government Bond Index ETF (CAD-Hedged)
  • iShares Core S&P/TSX Capped Composite Index ETF
  • iShares Core S&P 500 Index ETF
  • iShares Core MSCI EAFE IMI Index ETF
  • iShares Core MSCI Emerging Markets IMI Index ETF

The Responsible Investing Portfolio

Investors who want to reach their long-term objectives and have a positive impact on the world should consider the Responsible Investing Portfolio. Its foundation is as follows:

  • lobally diversified and built with low-cost, passive ETFs with an in-depth environmental, social, and governance (ESG) integrated assessment
  • Excludes companies involved in tobacco, controversial weapons, civilian firearms, and other companies involved in severe controversies
  • Low fees (management fee of just 0.5% per year on your investment balance, plus a weighted average MER of 0.18%-0.30%)
  • Professionally rebalanced and managed by RBC InvestEase

Here are the ETFs used in the Responsible Investing Portfolios:

  • iShares ESG Canadian Short-Term Bond Index ETF
  • iShares ESG Canadian Aggregate Bond Index ETF
  • iShares Global Government Bond Index ETF (CAD-Hedged)
  • iShares ESG MSCI Canada Index ETF
  • iShares ESG MSCI USA Index ETF
  • iShares ESG MSCI EAFE Index ETF
  • iShares ESG MSCI Emerging Markets Index ETF

Even though it might seem like there are only two portfolio options, RBC InvestEase customizes each portfolio based on the investor’s objectives, time horizon, risk tolerance, and investing expertise. The end result is a portfolio that consists of a variety of the aforementioned ETFs in various weightings and combinations depending on the client’s profile.

Sign-Up Process

Here are the criteria needed for you to open an RBC InvestEase account:

  • You are a resident in Canada
  • You’ve reached the age of majority in your province/territory of residence
  • You have a Social Insurance Number that starts with a number from 1 to 7
  • You are opening this account on your own behalf and are not a General Power of Attorney, Public Trust or third party
  • You’re the only person with a financial interest in and exerting control over the assets in this account

RBC InvestEase’s sign-up procedure was incredibly quick and easy. Start by completing a brief questionnaire with your age and investment objectives (retirement, a major purchase, the future). Then decide whether you’re a novice investor, a financial advisor-acquired investor, or a self-directed investor.

The next step is to respond to a question about your investing experience, including whether you’re new to it or have been doing it for some time. Describe how frequently you fund your account and your investment plans.

Read Also: How are RBC life insurance rates calculated?*

FAQs : RBC InvestEase

Is RBC InvestEase any good?




RBC InvestEase is an excellent solution for any investor that wants a low-cost and low-maintenance way to build wealth in the stock market. It’s the best choice for investors with less than $100,000, especially if they are looking for responsible investing option

What is RBC InvestEase account?

RBC InvestEase is an online investment management service that simplifies investing and adds the expertise of real advisors leaving all the investing work to us. We provide you with an investment plan based on your answers to a few questions.

Does RBC InvestEase have an app?

Does RBC InvestEase have an app?


For example, InvestEase is fully integrated into the RBC Mobile app and RBC Online Banking so you can see all your accounts in one place – no need for another app on your phone. You also benefit from instant transfers from your bank account to your investment account


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