JustWealth Review – At a Glance
Overall Rating: ⭐⭐⭐⭐⭐ (4.8/5)
Website: justwealth.com
Best For: Canadian business owners seeking low fees and human guidance
Pros:
- Dedicated human advisor for every client
- Superior 5-year returns (8.65% vs competitors’ 5.30%)
- Transparent fees (0.55-0.75% total vs 2.20% mutual funds)
- 80+ portfolio options for customization
- Excellent mobile app (4.7-star rating)
Cons:
- $5,000 minimum for most accounts
- Website design prioritizes function over aesthetics
- Limited to Canadian residents only
Current Price: 0.40-0.50% annual management fee
This JustWealth review reveals why Canada’s top-rated robo-advisor has earned the trust of thousands of savvy investors. JustWealth combines low fees with dedicated human advisors, delivering superior returns for busy entrepreneurs.
Why Canadian Business Owners Choose JustWealth
JustWealth stands out in Canada’s crowded robo-advisor market for one key reason: every client gets a dedicated human financial advisor. This isn’t just marketing – it’s a fundamental difference that appeals to busy entrepreneurs.
Most robo-advisors leave you talking to chatbots. JustWealth assigns you a real person who knows your file. They provide guidance during market volatility and help optimize your strategy.
The platform has earned MoneySense’s “Gold – Best Overall Robo-Advisor” award for 2025. This recognition comes from consistent top-tier performance and superior customer service that busy professionals demand.
Investment Performance That Speaks Volumes
Numbers don’t lie. JustWealth has delivered the highest 5-year returns among major Canadian robo-advisors for four consecutive years.
These results come from a sophisticated approach to portfolio construction. JustWealth uses 42 different ETFs from 9 providers to build over 80 unique portfolios.
The firm’s independence allows them to select the best ETFs from any provider. They’re not limited to proprietary products like many competitors. This freedom translates directly into better returns for clients.
Transparent Fees That Make Sense
Fee transparency sets JustWealth apart from traditional mutual funds and wealth managers. Here’s exactly what you’ll pay:
- Management Fee: 0.40% to 0.50% annually
- ETF Fees: 0.15% to 0.25% average
- Total Cost: 0.55% to 0.75% per year
- Minimum Fee: $4.99/month for accounts under $12,000
Compare this to typical Canadian mutual funds charging 2.20% annually. The difference is staggering.
On a $100,000 portfolio, you’d save approximately $1,500 per year compared to mutual funds. Over 20 years, that’s $30,000 in your pocket instead of fund company profits.
JustWealth doesn’t earn commissions or sell proprietary products. Their only revenue comes from the transparent management fee you see upfront.
Human Support When You Need It Most
The dedicated advisor model solves a critical problem for busy business owners. You get professional guidance without paying traditional advisor fees.
Your assigned advisor helps with:
- Portfolio transitions from existing investments
- Tax-efficient investment strategies
- Behavioral coaching during market downturns
- Comprehensive financial planning
- Account optimization across multiple goals
Users consistently praise the proactive communication from their advisors. They receive market updates during significant events and portfolio adjustment recommendations when appropriate.
This human element addresses a key concern for entrepreneurs: staying disciplined during volatile markets. Your advisor helps you stick to the plan when emotions might lead to costly mistakes.
Technology That Actually Works
The JustWealth mobile app earns a 4.7-star rating in the Apple App Store. Users appreciate its functionality over flashy design.
Key app features include:
- Real-time portfolio values and performance
- Transaction history and detailed reporting
- Easy fund deposits and withdrawals
- Automated contribution setup
- New account opening capabilities
The platform prioritizes function over form. While competitors focus on aesthetic appeal, JustWealth ensures everything simply works efficiently.
Account opening takes minutes with e-signature capabilities. Most clients complete the entire process without printing a single document.
Specialized Solutions for Smart Savers
JustWealth excels in areas where competitors fall short. Their RESP offerings stand out particularly.
RESP Advantages:
- Target-date funds that automatically adjust risk
- Government grant applications handled automatically
- No minimum account size required
- Reduced monthly fee of $2.50
The target-date RESP funds are unique in Canada. They start aggressive when children are young, then become conservative as education approaches. This removes the guesswork from timing risk adjustments.
Tax optimization features include tax-loss harvesting for non-registered accounts. The advisors also provide guidance on optimal asset location across different account types.
Available account types cover every major goal: TFSA, RRSP, FHSA, RESP, RRIF, LIRA, LIF, and regular investment accounts. JustWealth is the only Canadian robo-advisor offering USD accounts.
How JustWealth Stacks Against Competitors
The Canadian robo-advisor landscape includes several strong players. Here’s how JustWealth compares to the main alternatives:
vs. Wealthsimple:
- Superior long-term returns (8.65% vs 5.30% over 5 years)
- Dedicated human advisors (Wealthsimple offers none)
- More portfolio options (80+ vs limited selection)
- Less flashy interface but better functionality
vs. Questwealth Portfolios:
- Higher fees but significantly better performance
- Human advisor support vs purely digital
- More sophisticated portfolio construction
- Better overall service and communication
Wealthsimple has shifted focus toward cryptocurrency and private equity products. JustWealth remains laser-focused on core investment management.
Questwealth offers the lowest fees but lacks the performance and human support that justify JustWealth‘s premium pricing.
Security and Trust You Can Bank On
Security concerns stop many entrepreneurs from embracing digital investment platforms. JustWealth addresses these worries comprehensively.
Security Features:
- CIPF protection up to $1,000,000 per account
- 256-bit SSL encryption (bank-level security)
- Multi-factor authentication on all logins
- Segregated client assets with CI Investment Services
As a registered Portfolio Manager, JustWealth operates under strict regulatory oversight. They have a legal fiduciary duty to act in your best interest.
This fiduciary standard provides stronger protection than commission-based advisors who may have conflicts of interest. Your advisor’s compensation doesn’t depend on selling you specific products.
Potential Drawbacks to Consider
No platform is perfect. JustWealth has a few limitations worth noting:
The $5,000 Minimum: Most accounts require $5,000 to start. However, RESP and FHSA accounts have no minimum, making these accessible to anyone.
Website Aesthetics: The interface prioritizes functionality over visual appeal. Some users prefer Wealthsimple’s more polished design, but functionality matters more for serious investors.
Portfolio Complexity: With 80+ options, some beginners might feel overwhelmed. However, your dedicated advisor helps navigate these choices, turning complexity into customization.
For established business owners, these drawbacks are minor compared to the performance and service advantages. The minimum account size aligns with this demographic’s investment capacity.
Final Verdict: Is JustWealth Worth It?
For Canadian business owners seeking efficient wealth management, JustWealth delivers exceptional value. The combination of superior returns, transparent fees, and dedicated human support creates a compelling package.
The platform directly addresses key concerns of fee-conscious entrepreneurs:
- Dramatic cost savings vs traditional advisors
- Professional guidance without high fees
- Time-saving automation for busy schedules
- Superior investment performance
- Tax optimization and specialized accounts
The dedicated advisor model sets JustWealth apart from purely digital competitors. You get the best of both worlds: low-cost efficiency with human expertise.
While the $5,000 minimum might deter some beginners, established business owners will find this threshold reasonable for the enhanced service level provided.
Bottom Line: JustWealth offers the ideal balance of cost, performance, and service for Canadian entrepreneurs. The platform transforms traditional wealth management frustrations into streamlined efficiency.
This JustWealth review confirms why the platform consistently earns top rankings from financial publications. For business owners ready to optimize their investments without overpaying, JustWealth represents an excellent choice.
Frequently Asked Questions
Q: Is JustWealth only for high-net-worth investors?
A: No. While most accounts require $5,000 minimum, RESP and FHSA accounts have no minimum. The platform serves investors at various wealth levels.
Q: How does the dedicated advisor service work?
A: Every client gets assigned a personal portfolio manager. They provide ongoing guidance, portfolio reviews, and financial planning advice as part of the standard service.
Q: What happens if I want to withdraw my money?
A: You can withdraw funds anytime through the app or website. There are no exit fees or penalties. Transfers typically take 3-5 business days.
Q: Does JustWealth offer socially responsible investing?
A: Yes. They offer SRI portfolio options for clients who want to align investments with ethical values.
Q: How often are portfolios rebalanced?
A: Portfolios are automatically rebalanced by your portfolio manager as needed to maintain target allocations. This happens without any action required from you.