Smart Money Capital Management Robo-Advisor Review | Finder Canada
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Smart Money Capital Management robo-advisor

Last updated:  

Smart Money Invest offers Canadians another robo-advising service that focuses on portfolios consisting of low-cost ETFs and low management fees.

You can access your account and investments anytime and anywhere from your computer or mobile device.

Please note: All information about Smart Money Capital Management robo-advisor has been collected independently by Finder and this product is not available through this site.

The past decade has seen the emergence of robo-advising companies as a viable alternative to investment services offered by big banks. Smart Money Capital Management is another new robo-advising company that was founded and established in 2015. Despite being another viable option for Canadians to invest their money for the long term, it currently only operates in three provinces: Alberta, Ontario and Quebec.

When it comes to investing your money, Smart Money Capital Management does so while remaining true to its three core principles: personal, objective and dedicated. The company’s dedicated team of support staff provides personal services and are ready to help you with any questions about your portfolio. The company is objective in that it will always take emotion out of the equation when investing your money and, lastly, it is dedicated to protecting and growing your portfolio.

What is the Smart Money Capital Management robo-advisor?

Like many of the emerging robo-advising companies, the company offers specialized investment services with the benefit of low management fees. Smart Money Capital Management robo-advisor (also called Smart Money Invest) uses its own proprietary trading algorithm (robo-advisor) to help create personalized portfolios with the intent of managing and growing investments for its clients.

Smart Money Capital Management robo-advisorprides itself on its financial technology and its diverse asset allocation mix in creating portfolios that are tailored to your risk tolerance and investment goals. One feature of its robo-advising service is that it allows for “smart rebalancing,” which is another way of saying that it constantly assesses your investments and how they are performing with the market and makes any necessary adjustments (buy or sell).

How much does the Smart Money Capital Management robo-advisor cost?

When compared with the management fees in the investment industry, Smart Money Capital Management’s fees are as much as three times lower. But, when compared with other robo-advisors, Smart Money Capital Management’s fees are higher.

Smart Money Capital Management’s fees work out to 0.8% annually, but they are charged on a monthly basis. On top of that, there is an added 0.27% exchange traded fund fee, bringing the total to just over 1%. It’s also worth noting that there is a minimum deposit amount of $5,000 in order to get started investing with Smart Money Capital Management.

What are the benefits of the Smart Money Capital Management robo-advisor?

  • Diversified portfolios. Its portfolios consist of a unique asset allocation mix that is designed to diversify your portfolio in order to align with your risk tolerance.
  • Proprietary algorithm. This investment algorithm is based on decades of market and investment management research combined with ongoing optimization by some of the industry’s best mathematicians and economists.
  • On-demand access. You can access your account and investments anytime and anywhere from your computer or mobile device.
  • Data security. Investing money and accessing it online can be risky, but Smart Money Capital Management provides a secure and encrypted space to access your sensitive documents and information.
  • Low fees. When compared with the industry average of 2.5%, Smart Money Capital Management’s fees of 0.8% are much lower.
  • Portfolio rebalancing. Your portfolio is constantly being monitored to ensure that your portfolio weighting is within a tolerance band.

What should I watch out for?

  • Limited availability. Smart Money Capital Management robo-advisor is only available in Alberta, Ontario and Quebec.
  • Higher fees. Compared with other robo-advisor services, Smart Money Capital Management’s fees are higher.
  • Potential for financial losses. Like any arena where you invest or wager money, there is always a fair chance of losing money on your investments.

What should I know before I apply?

To begin investing your money with Smart Money Capital Invest’s robo-advisor, you need to meet the following eligibility requirements:

  • Be at least 25 years of age.
  • Be a citizen of Canada and live in the following provinces: Alberta
    Ontario
    Quebec
  • Have a valid social insurance number.
  • Provide the necessary employment and banking information.

How to apply

If you meet the eligibility requirements and want to proceed with signing up for an account with Smart Money Capital Management, you need to apply by doing the following:

Sign up for an account on the Smart Money Capital Management website by providing your first and last name, your age and your province of residence and by answering a few hypothetical investment questions.

Once you’ve signed up for an account, you will then have to submit your personal information, which includes your address, social insurance number, employment information, banking information and more.

After linking your bank account, you can begin depositing money into your Smart Money Capital Management account to start investing.

How to invest and withdraw funds

To fund your account, you need to fund your account with a minimum of $5,000 in order to use its robo-advisor services. To deposit money into your account, you can do so via a bank transfer, which should take two to three business days to show up in your Smart Money Capital Management account.

To withdraw funds, you can do so by placing a withdrawal request on the platform. Smart Money Capital Management will then place the trades to raise the required cash in your account. These trades will take three business days to settle and the custodian will then return your funds via electronic transfer to your bank account, which should take another one to two business days.

Compare other robo-advisors

Name Product Minimum deposit to invest Funding methods Management fee Available asset types
Wealthsimple Invest
$1
Direct deposit, Bank transfer
0.40% - 0.50%
Stocks, Bonds, ETFs, Commodities
Get a $50 bonus when you open and fund your first Wealthsimple Invest account with a minimum initial deposit of at least $500. Trade and Cash accounts are not eligible.
CI Direct Investing (formerly WealthBar)
$1,000
Direct deposit, Bank transfer
0.35% - 0.60%
Mutual Funds, ETFs
CI Direct Investing offers access to an exclusive and personalized investment portfolio. Get up to $10,000 managed free for a year when you sign up for your first CI Direct Investing account and fund your account.
Justwealth
$5,000
Direct deposit, Bank transfer, Automatic bank withdrawals
0.50%
ETFs
Receive a cash bonus of $50.00-$225.00 when you open a new Justwealth account. RESP accounts require no minimum deposit to begin investing.
Moka
$0
Automatic bank withdrawals
$3/month
ETFs
The Moka app rounds up every purchase you make to the nearest dollar and invests the spare change into low-cost exchange-traded funds (ETFs).
loading

Compare up to 4 providers

Bottom line

Smart Money Capital Management robo-advisor service utilizes its proprietary algorithm platform which seeks to smartly invest your money by diversifying your asset holdings in accordance with your risk tolerance. You’ll pay less in fees than you would with big investment firms, and you will have full access to your investment portfolio at any time of the day.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Go to site