Weatlh Simple

[Yoga Face]

wealthsimple.com deals with actively managed ETFs at a charge of .05%


They offer various ETFs based on you risk


Any opinions on wealth simple ?

 

[Mencken]

OK... I'll bite. Who charges the .05%... the ETF or is this another company acting as a broker that buys the ETF for you and charges .05% over and above the MER of the ETF?

In any case... most actively managed ETF's that I know of have a higher MER than .05%... so I suspect you are paying the MER's plus .05%.. If that was a one time fee it might not be bad for advice...but if it is an annual fee I would say no. Buying ETF's is really simple...and since you basically need to decide on what you want anyway I'm not sure what great value there would be having someone else involved.

 

[Barca]

OK... I'll bite. Who charges the .05%... the ETF or is this another company acting as a broker that buys the ETF for you and charges .05% over and above the MER of the ETF?

In any case... most actively managed ETF's that I know of have a higher MER than .05%... so I suspect you are paying the MER's plus .05%.. If that was a one time fee it might not be bad for advice...but if it is an annual fee I would say no. Buying ETF's is really simple...and since you basically need to decide on what you want anyway I'm not sure what great value there would be having someone else involved.

They'd have to charge it on top of the ETF MER. So with most active ETFs in the 0.65-0.75% range you're looking at total management expenses in the 0.70-0.80% range.