Questrade introduces Questwealth Portfoliostm

-- Intelligent pre-built portfolios make investing accessible with ultra-low fees
to enable Canadians to retire up to 30 per cent wealthier --

TORONTO, Nov. 3, 2018 /CNW/ - Today, Questrade (www.questrade.com) is launching Questwealth Portfoliostm, lower fee, actively managed portfolios to meet the needs of Canadian investors who are looking for an alternative to traditional investments.

This new, easy-to-use investment offering comes with new lower fees, increased diversification and for the first time, SRI (socially responsible investing) options. Questwealth Portfolios is the substantially improved version of Questrade Portfolio IQ, one of the first robo-advisors in Canada to provide an alternative to mutual fund investing, and will replace those with current Portfolio IQ accounts.

"We think this exciting new offering will not only interest people who have traditionally invested in mutual funds, but also appeal to those already invested in a robo-advisor, due to the ultra-low fees," explained Edward Kholodenko, president and CEO, Questrade. "Canadians now have an even better investment alternative, so they can achieve their financial goals faster and keep more of their money."

The new Questwealth Portfolios have ultra-low management fees (0.20 and 0.25 per cent depending on account balance) for actively managed portfolios in the Canadian robo-advisor industry, which are considerably lower than most mutual funds, and also have reduced management expense ratios (MERs). 

These globally diversified ETF portfolios let Canadians invest in the market similar to a mutual fund but with much lower fees, helping investors keep more of their returns.  All five of the portfolios (ranging from Conservative to Aggressive) are built and managed by experts who watch the market and adjust the portfolios when needed.

Questwealth Portfolios will now offer Socially Responsible Investment (SRI) versions of all five portfolios as well, to allow clients to invest in an intelligent, globally diversified portfolio that reflects their values, giving customers a total of ten portfolios to choose from.

Mr. Kholodenko added, "We believe that the combination of ultra-low fees and actively managed portfolios will put Questwealth Portfolios at the forefront of robo-advisory services in Canada."

To learn more, investors can visit the Questrade website (www.questrade.com/questwealth-portfolios) which features a simple, easy-to-use calculator and customizable, personalized video so they can see how they can reach their financial goals faster, and ultimately, keep more of their money.

About Questrade, Inc.
Questrade (www.questrade.com) is Canada's fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees, and providing a viable alternative to traditional financial investment options, thereby allowing Canadians to Keep More of their Money.  As a leader and innovator in fintech, Questrade is a trusted ally that advocates for consumers, focused on improving value.  With 19 years of challenging status quo as Canada's leading, non-bank online brokerage, more than $8 billion in assets, account protection of up to $10 million and more than 30,000 accounts opened every year, Questrade and its companies provide financial products and services:  securities, foreign currency investment, and online wealth management.  Questrade has again been named one of Canada's Best Managed Companies for the seventh year in a row, achieving Platinum status.  For more information visit www.questrade.com, or follow on Facebook and Twitter @Questrade #QuestwealthPortfolios.

Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).

About Questrade Wealth Management, Inc.
Questrade Wealth Management Inc. ("QWM") provides professional investment management services through Questwealth Portfolios.  QWM is an Exempt Market Dealer, Investment Fund Manager and Portfolio Manager.  QWM is a wholly owned subsidiary of Questrade Financial Group Inc.

SOURCE Questrade