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Understanding ModernAdvisor's Portfolio Management Fees

Investment management fees for various ModernAdvisor portfolios and services

Updated this week

At ModernAdvisor, we value transparency and simplicity when it comes to investment fees. Below is a detailed breakdown of our management fees across various services and portfolio types. These fees are currently in effect for clients who signed up on or after April 1, 2025. For clients who joined prior to April 1, 2025, the new fees will take effect on October 1, 2025.

šŸ” Automated Investing Service

ModernAdvisor offers the following portfolio options through its Automated Investing platform:

  • Core and Socially Responsible ETF Portfolios

  • Harmony Portfolios

  • Actively Managed Portfolios (BCV)

  • High Interest Savings Portfolios

Investment Tier

Core & Socially Responsible ETF

Harmony

Portfolios

Actively Managed (BCV Portfolios )

High Interest Savings Portfolios

First $250,000

0.50%

0.70%

0.90%

0.20%

Next $750,000

0.40%

0.60%

0.80%

0.15%

Next $4 million

0.30%

0.50%

0.70%

0.10%

Over $5 million

0.20%

0.40%

0.60%

0.05%

🧾 Minimum Monthly Fee

  • $2.50/month per account for the first two accounts

  • $5.00/month per account for additional accounts

For all portfolio types under the Automated Investing Service, the management fee is inclusive of:

  • Trading fees

  • Account custody fees

  • Registered account fees (e.g., TFSA, RRSP, RESP, etc.)

šŸ‘¤ Personal Portfolio Manager Service

This service is designed for households with $400,000 or more in ModernAdvisor-managed investments.

  • Management Fee: 0.50% per year

  • Note: This fee is exclusive of trading and custody fees, which are the client’s responsibility.


šŸ’” Key Notes

  • Fee Tier Calculation: If you hold multiple portfolio types (e.g., Core ETF and Harmony), your total investment balance will determine your tier. However, balances in High Interest Savings Portfolios are excluded from this calculation.

  • Fee Deduction: Management fees are calculated and deducted monthly based on the average monthly balance of your accounts.

  • Bundled Fees: Trading and custody fees are included for Automated Investing Services, but not for Personal Portfolio Manager accounts.

  • MERs Not Included: ETF and fund management expense ratios (MERs) are not included in ModernAdvisor’s management fee. You can find estimates of average MERs on our Portfolios page.

  • Fee Waivers: If you have multiple accounts, we may waive the minimum fee on smaller accounts as long as other accounts generate sufficient fees.

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