We think most of your questions should be covered off below. If we missed an item that you need more information on, feel free to contact us at email@example.com or start a chat conversation.
Instead of charging a percentage of every dollar you have invested like other wealth management firms, we charge one flat monthly fee that starts at $20 a month and is capped at $80 a month no matter how large your account grows. Read our pricing page for all the details.
None that we charge, but there are a few fees that will be charged by our custodian, NBCN Inc., and the companies of the ETFs you own. We keep these other fees as low as possible for you—we cover the custodian fee on your first account and any trading fees above $100 per year per account, and we only use low-cost ETFs. Check out our pricing page for details.
Your assets are held in a brokerage account in your name at our custodian, NBCN Inc., a subsidiary of National Bank of Canada. NBCN Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC), the national self-regulatory organization which oversees all investment dealers and trading activity in Canada.
Nest Wealth never actually holds your money. Your investments remain in an account with your name on it at NBCN Inc. In the unlikely event Nest Wealth was to cease doing business, your account would be safe and unaffected at NBCN, where you can then decide to transfer it or have it managed by another advisor.
Keeping your money safe is extremely important to us, and we do this in three ways:
Read this post to learn how we custom build your portfolio.
You can open an account with us entirely online. There's no need to visit our office or print off a pile of documents and mail them in. If you have any questions during the process just send us a note to firstname.lastname@example.org, chat with us online, or schedule a call with us.
We don't charge you any fees for closing your account. Our custodian, NBCN Inc., might charge an exit fee for closing your account.
Since we don’t believe in putting our clients into buckets and we custom build every portfolio, we don’t have generic portfolios with historical performances we can show you. You can see the individual historical performance for any of the ETFs we use by going to our ETFs page and clicking on their fund fact sheet.
Nest Wealth calculates and displays your return using a Money-weighted return method, which takes into account the returns you earn on deposits as well as the returns on your investments.
When you open an account with us we'll ask you a series of questions to learn about your investment goals—such as what you're investing for, how long you'll be investing, and how sensitive you are to market ups and downs. A combination of objective and subject questions about your financial situation allows us to determine your risk tolerance and score, and therefore the best portfolio to meet your goals.
When you open an account with us we'll ask you questions to understand what percentage of your total investments your Nest Wealth account represents, as that may affect your risk tolerance and investment horizon. We don't take the specifics of your external holdings into consideration—so we'll never ask you things like what stocks you're invested in elsewhere.
We look for ETFs with the lowest annual expense ratios so we can save you money on fees, minimal tracking error so we know they'll do what they're supposed to, and sufficient liquidity so that we can easily rebalance your portfolio. Read more about how we select our ETFs here.
Research has shown that rebalancing a portfolio’s holdings makes more sense when an asset class has drifted from its target allocation by a certain percentage (i.e., threshold-based rebalancing) rather than on a set-time basis (e.g., quarterly or semi-annually). We continuously monitor your portfolio and periodically rebalance it back to your target mix based on threshold breaches.
Nest Wealth supports almost all types of investment accounts including individual, joint, corporate, and trust accounts.
Any individual 18 or over, who is a legal Canadian resident or a Canadian citizen (with a permanent Canadian address in a province where Nest Wealth is regulated) may open a Nest Wealth account. Nest Wealth is currently registered in Alberta, British Columbia, Manitoba, Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Quebec, PEI, and Saskatchewan.
Typically no, but depending on your citizenship and residency status you might be able to. Please call us or email us at email@example.com and we'll be able to let you know.
Absolutely. Email us at firstname.lastname@example.org and we'll send you the proper transfer form. You'll be able to ask for a partial or full transfer on the form.
Yes, you can open as many accounts as you'd like! Nest Wealth doesn't charge any fees for multiple accounts and we cover the custodian fee on your first account. NBCN Inc. will charge you an annual custodian fee for any additional open accounts. See our pricing page for details.
No. Nest Wealth only manages accounts opened through us at our custodian, NBCN Inc.
Yes. To open and transfer money into a joint account both account holders will need to digitally sign the forms.
Simply log into your account and you'll be able to quickly, easily, and safely transfer money from your bank or brokerage account.
No. You may only transfer funds from an account that bears your name.
Please contact us at email@example.com and we'll be happy to help you make a withdrawal.
No. You can transfer money from your Nest Wealth account held at NBCN Inc. to your bank account at no charge. There are other types of transfers, such as a wire transfer, that NBCN will charge a small fee for.
We'll send you all necessary tax slips to file your taxes each year, however we don't provide tax advice. You'll want to consult your tax advisor regarding any questions you may have specific to your personal taxes and financial situation.
We use bank-level security measures to ensure your data is collected and stored safely. We encrypt all communication between your browser and our servers, store all of your data on secure servers, and continuously test our processes and procedures to ensure your data is secure and safe.
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