Metroland Media Invests $1.5 Million in Nest Wealth

Toronto robo-advisor Nest Wealth has secured a $1.5 million investment from Metroland Media. 

The deal will also see Metroland leverage its extensive print and digital properties (including over 100 newspapers) to bring Nest Wealth’s wealth management solution to more Canadians.

An online automated financial advisor, Nest Wealth combines the customization of a personal portfolio manager with the convenience, transparency and time-savings of leading edge technology. 

Nest Wealth clients receive a customized portfolio based on their current financial situation, goals and risk tolerance.  Clients’ funds are invested in low-cost Exchange Traded Funds (ETFs) and, as the markets fluctuate, Nest Wealth monitors and rebalances the individual portfolios back to the original asset allocation established by the client.  Nest Wealth charges a transparent, flat monthly fee for its services, regardless of the size of the account. 

According to Morningstar’s 2015 Global Fund Investor Experience Study, Canadians pay some of the highest fund fees in the world.  Nest Wealth can help Canadians who are looking for greater convenience, lower costs and personalized solutions when it comes to planning for their financial future.

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“We are very pleased to be leveraging our print and digital assets to partner with Nest Wealth in an area of business growth that provides cost savings to the communities we serve,” says Ian Oliver, President of Metroland Media. “Nest Wealth provides Canadians with the opportunity to invest their savings based on their personal goals and risk tolerance while lowering costs.”