ModernAdvisor Harmony portfolios are diversified, multi-asset strategies that offer the best of active and passive management, working together in Harmony to achieve better outcomes.

The actively managed portion of the Harmony portfolios add exposure to high-conviction investment ideas of experienced Canadian and global investment managers. The passive, index ETFs portion provides broad diversification at a low cost.

Equity and Fixed Income allocation of the Harmony Portfolios

ModernAdvisor offers 10 different variations of the Harmony Portfolios, from Risk Level 1 to Risk Level 10. Risk Level 1 is the most conservative, made up of 90% cash equivalents and fixed income, and 10% equities (i.e. stocks). The equity exposure in the portfolios increases in 10% increment per Risk Level. Risk Level 10, the most growth-oriented portfolio, is made up of 100% equities.

The Make Up of the Harmony Portfolios

Below is a list of funds that are used in the ModernAdvisor Harmony Portfolios. We have been able to secure exclusive pricing on some of these funds through our scale and commercial relationships with BCV Asset Management and Guardian Capital.

Fund Name

Fund Code

Investment Style

Asset Class

The Antares Total Equity Pool

ANT420

Active

Global Equity

The BCV North American Equity Fund

BCV NA

Active

North American Equity

Guardian Fundamental Global Equity Fund I

GCG478

Active

Global Equity

Global All Cap ex Canada Index ETF

VXC

Passive

Global Equity

iShares Core S&P/TSX Capped Composite Index ETF

XIC

Passive

Canadian Equity

Purpose High Interest Savings ETF

PSA

Passive

Canadian Fixed Income

Canadian Short-Term Bond Index ETF

VSB

Passive

Canadian Fixed Income

Canadian Aggregate Bond Index ETF

VAB

Passive

Canadian Fixed Income

Purpose Global Bond ETF

BND

Active

Global Fixed Income

Portfolio Composition by Risk Level

Here is the make up of each Risk Level of ModernAdvisor Harmony portfolios:

Breakdown of Actively Managed and Passive Funds

The chart below shows the percentage of each portfolio that is invested in actively managed funds and passive funds.

Fees

ModernAdvisor management fees for the Harmony Portfolios are listed below.

0.70% on the first $250,000 of assets

0.60% on assets between $250,000 and $1M

0.40% on assets over $1M

We pay a portion of our management fees to BCV Asset Management and Guardian Capital for the management of their respective funds. In addition to our management fees listed above, each fund within the portfolios has a Management Expense Ratio (MER). The average MER of the funds in the portfolio depends on the risk level, and is generally around 0.2%.

If you have been referred to ModernAdvisor, you may pay service fees to the referral partner. In most cases, the services fees are for helping you establish your financial goals, providing financial planning guidance, developing overall wealth strategies, tax planning and/or assisting with the opening of your ModernAdvisor account(s).

Minimum Investment

The minimum investment for Harmony Portfolios is $5,000 per account.

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