No money needed to open an account –
investments begin with as little as $100
TORONTO, Sept. 12, 2019 /CNW/ - Canadians who would like
to explore online investing no longer need to have any cash saved
to open an account and can get started investing with as little as
$100 with the introduction of
no-minimum requirement by online investment management service RBC
InvestEase.
This change reflects learnings since the national launch of RBC
InvestEase last November and further underscores the online
advisor's focus on helping new investors start investing.
"We know there are Canadians who want to invest, but don't feel
they have enough money or knowledge to take that first step,"
explained Rajan Bansi, Senior
Director, Investments & Advice, RBC InvestEase. "RBC
InvestEase's no-minimum requirement, means you're backed by the
expertise of our Portfolio Advisors and our smart technology, and
don't need to worry about any minimums."
Bansi added that RBC InvestEase is keeping everything as simple
and convenient as possible, and all online. "You go to our website,
answer a few questions about yourself and then you receive a
commitment-free online portfolio recommendation," said Bansi. "If
you like what you see and click 'accept', we open your account with
whatever amount of money you want to deposit. As soon as your
contributions reach $100 or more, we
start investing on your behalf."
RBC InvestEase uses smart technology behind the scenes to
automate the process, supported by a team of professionals who
manage the investment portfolios, rebalancing throughout the year
as needed. An added feature: Portfolio Advisors are accessible for
investors to contact if they have any questions.
Investors also get to choose between a Standard or a Responsible
Investing portfolio. The key difference with a Responsible
Investing portfolio is that companies are screened on multiple
environmental, social and governance (ESG) factors. Responsible
Investing portfolios also exclude securities of companies involved
in industries such as tobacco, controversial weapons and civilian
firearms, as well as companies involved in very severe business
controversies.
"We're continuing to bring convenience, speed and simplicity to
investors. With our new Responsible Investing Portfolios, we're
also bringing investors the opportunity to make a positive impact
on the world, while achieving their financial goals," noted
Bansi.
Why there are Canadians who haven't started investing
yet?
When an RBC survey asked non-investors what their main
reason was for not yet investing, over half (55%) responded, "I
don't have enough money to invest." By making it possible to begin
investing with as little as $100, RBC
InvestEase is removing a big barrier, to help Canadians begin
investing to build their financial future.
How you can get started?
Easy. Convenient. You simply
click on the RBC InvestEase website, tell us a bit about yourself,
and then receive a commitment-free online investment portfolio
recommendation. When you accept our recommendation and choose
either a TFSA, RRSP or non-registered account, we'll open that
account for you, with any amount of money you feel comfortable
contributing. You can then continue making contributions whenever
you can. When your account balance reaches $100, RBC InvestEase will invest your money into
your recommended portfolio.
What happens next?
Hands-free. Effortless. Once your
investment portfolio is funded, RBC InvestEase will continuously
monitor and automatically rebalance your portfolio, to help keep
you on track. You can check your progress online, at your
convenience – and as an added benefit, you can access live
Portfolio Advisors if you have any questions, or need advice or
insights.
What your investment portfolio will hold?
You choose.
We do the work. Your RBC InvestEase investment portfolio will be
made up of a mix of low-cost, passive ETFs (exchange-traded funds)
and cash. You will have two choices of portfolios. If you want to
achieve your future goals with a focus on minimizing fees, we have
our Standard Portfolio. If you want to achieve your future goals
and also make a positive impact on the world, we have our
Responsible Investing Portfolio. For more information about both
these options, please click here.
Our management fee – and the waiver we're
offering:
Our latest offer: Open an account by September 30, 2019 and pay no management fees for
6 months – a promo code will be applied automatically. Afterwards,
enjoy the same great service and pay only 0.5% management fee per
year on your investment balance.
About RBC InvestEase
RBC InvestEase provides online
discretionary investment management services, to meet the needs of
investors looking for an easy and convenient digital solution for
how they receive investment advice. We provide an online investing
experience that is easy – from opening an account and getting
started online to receiving portfolio recommendations and ongoing
management of a client's investments. RBC InvestEase Inc. is a
wholly-owned subsidiary of Royal Bank of Canada. More information is available at
www.rbcinvestease.com.
SOURCE RBC Royal Bank