Investing · Robo-advisor review
Justwealth review
The retiree’s robo: the widest account lineup in Canada, portfolios actually built for taking money out, and a named human advisor on every account.
Best for: Retirees and near-retirees who want managed money with drawdown design and a person who knows their file
Pros
- Dedicated Income, Preservation and Target Date portfolios — unique in the field
- Widest registered lineup anywhere: RRIF, LIF, LIRA, RDSP, FHSA, RESP and more
- Every client gets a dedicated Personal Portfolio Advisor
- Average underlying MERs ≈0.20%; custody at CI Investment Services (CIPF member)
Cons
- $5,000 minimum (RESP/FHSA exempt) and a $4.99/month fee floor that stings small accounts
- 0.50% management fee — 2–2.5× Questwealth
- No halal portfolios
Who Justwealth is
Justwealth is the independent that competes on craft instead of scale: 80+ model portfolios where most robos run a handful, assets custodied at CI Investment Services (a CIRO dealer and CIPF member), and an advising representative assigned to every single client.
The drawdown portfolios nobody else builds
Every robo will grow your money; Justwealth is the only one with first-class portfolios for spending it — Income and Preservation models built for the RRIF years, plus Target Date funds that glide automatically. Combined with support for RRIF, LIF, LIRA and even RDSP accounts, it’s the only robo designed end-to-end for the second half of a financial life.
The price of the craft is the fee: 0.50% plus ~0.20% underneath lands around 0.70% all-in — materially above Questwealth, materially below a 1%+ human advisor, which is exactly the position it’s playing for.
The human advisor, priced honestly
A named Personal Portfolio Advisor — a registered advising rep who answers your calls and knows your accounts — is the feature that separates a robo from a 1-800 number, and Justwealth includes it at robo prices. For a retiree managing six figures of registered money through conversions, withdrawals and estate paperwork, that access is worth real basis points. Whether it’s worth ~0.3% a year over Questwealth is the honest question; for many in drawdown, it is.
Frequently asked questions
What does Justwealth cost, all-in?
Management fee: 0.50% (minimum $4.99/month; RESP/FHSA $2.50). Underneath: Average ≈0.20% per its FAQ — all-in roughly 0.70%. Minimum: $5,000 (RESP and FHSA: $0). Figures verified at the provider's own pages on June 10, 2026 — see how the all-in cost ranks on our Best robo-advisors comparison, and what fee differences compound into with the MER calculator.
Which accounts does Justwealth support? Can it hold a RRIF?
TFSA, RRSP, RRIF, LIF, LIRA, FHSA, RESP, RDSP — the widest lineup in the field. Yes — RRIF support means the portfolio can convert at 71 and stay managed, with no forced transfer. See the RRIF minimum calculator for the drawdown schedule.
Is my money safe at Justwealth?
Assets custodied at CI Investment Services, a CIRO dealer and CIPF member. CIPF covers up to $1M per account-category group against the firm failing — never against markets falling. For cash deposits (a different regime), see the CDIC coverage planner.
The bottom line
For the accumulation years, cheaper exists. For the decumulation years, nothing else in the robo field is built like this — income portfolios, every locked-in account type, and a human. If you’re within sight of your RRIF, Justwealth is the managed-money shortlist of one; compare the field in our robo ranking.
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The whole field, verified at the source and ranked.
This review is for educational purposes only and is not investment advice. Commissions, FX rates, account fees and offers shown were verified at the broker's own published pricing on June 10, 2026 and change without notice. Our editorial rating reflects costs, account lineup, currency handling and service — it is never paid for. CIPF protects against member-firm insolvency, never market losses. Confirm current terms on the broker's site before opening an account. See our methodology.