About ModernAdvisor
ModernAdvisor is a boutique, highly transparent robo-advisor engineered for investors who demand ethical accountability alongside financial returns. As an early pioneer in Socially Responsible Investing (SRI), it meticulously constructs portfolios that filter out corporations with poor environmental or human rights records. Uniquely, it offers a 'Springboard' plan—providing sophisticated DIY investors with free access to professional risk assessment and goal-tracking software. It is a superb, cost-effective platform for investors who refuse to compromise their personal values.
The Good
- Assets held at CIRO-member Custodian
- Unique "Springboard" plan offers free advice for DIYers
- Exceptional focus on Socially Responsible Investing (SRI)
- Free $1,000 paper trading trial account
The Bad
- $1,000 minimum deposit per account
- Monthly minimum fee applies to small accounts
- Smaller brand presence and community than giants
Fee Structure
Updated 2026| Fee Type | Details | Cost |
|---|---|---|
|
Portfolio Management Fee
|
Management fee for the first $250,000 (Min fee $2.50-$5/mo applies).
|
0.50% |
|
Portfolio Management Fee
|
Management fee for the next $250,000.
Min Bal: $250001
|
0.40% |
|
Portfolio Management Fee
|
Management fee for the next $4.5 million.
Min Bal: $500001
|
0.30% |
|
Portfolio Management Fee
|
Management fee for balances above $5 million.
Min Bal: $5000001
|
0.20% |
|
Fund MER (Embedded Cost)
|
Average embedded MER for Core and SRI portfolios (ranges from 0.15% to 0.23%).
|
0.19% |
|
Transfer Out Fee
|
No direct MA fee; custodian (Credential/Aviso) charges $150 for full transfer-out ($75 partial).
|
$150.00 |
|
Inactivity / Low Balance Fee
|
Minimum monthly management fee per account ($2.50 for the first two; $5.00 for subsequent).
|
$5.00 |
Key Features
Socially Responsible Investing (SRI)
Invest in portfolios that prioritize environmental, social, and governance (ESG) criteria without sacrificing performance.
Automatic Rebalancing
The platform automatically buys and sells assets in the background to keep your portfolio perfectly aligned with your target risk level.
Practice Account / Demo Mode
Test your trading strategies and learn the platform interface using virtual money with absolutely zero financial risk.
Mobile App (iOS & Android)
Manage your portfolio, execute trades, and monitor the markets on the go with a fully-featured mobile application.
CIPF Protected
Your account is safeguarded by the Canadian Investor Protection Fund (CIPF) against the insolvency of the brokerage.
Passive Indexing
Low-cost portfolios built with Exchange Traded Funds (ETFs) designed to simply track the broad market index.
CIRO Member
RateBuddy Verdict
undefined stands out for its comprehensive tools for active traders. With competitive pricing and a solid reputation backed by ModernAdvisor, it remains a top contender in the Canadian market.