Investing · Robo-advisor review
Nest Wealth review
Flat-fee pricing that turns the industry model upside down: punishing on small accounts, unbeatable on large ones — ~0.18% all-in management on $1M.
Best for: Large portfolios — roughly $500k and up — where the $150/month cap beats every percentage fee in Canada
Pros
- Fee caps at $150/month — about 0.18% on $1M, the cheapest managed money in Canada at scale
- Average underlying MERs of 0.13% — the lowest in the field
- RRIF and LIRA supported; custody at Fidelity Clearing / NBIN (CIPF members)
- No stated minimum
Cons
- Brutal under ~$50k — $25/month on $15,000 is ~2% a year
- No advisor access, no SRI option, no income-focused portfolios
- Consumer arm sits inside a B2B-pivoted company (Objectway since 2024) — the direct product gets less love
Who Nest Wealth is
Nest Wealth pioneered flat-fee investing in Canada and now belongs to Objectway, an Italian wealth-tech firm, with much of the business pointed at advisors rather than consumers. The direct product remains open, with custody at Fidelity Clearing Canada and NBIN — both CIRO dealers and CIPF members.
The flat-fee math
Tiers run $5/month under $10k to a $150/month cap from $325k. Percentage-fee robos charge more every year your portfolio grows; Nest Wealth stops. At $1M, $1,800 a year plus 0.13% MERs is ~0.31% all-in — below Questwealth, less than half of Wealthsimple Premium, a quarter of a human advisor.
The same math runs backwards on small accounts: $25/month on $15,000 is ~2% — the most expensive option on our comparison. Know which side of the crossover (~$50k against Wealthsimple, ~$500k against Questwealth) you’re on.
For retirees
RRIF and LIRA support means a large retirement portfolio can live here through drawdown — and large retirement portfolios are exactly who the pricing favours. What you give up is everything soft: no advisor, no income portfolios, support-inbox service. It’s a price, not a partner. For a seven-figure RRIF run by someone who knows what they’re doing, that trade is excellent.
Frequently asked questions
What does Nest Wealth cost, all-in?
Management fee: Flat monthly: $5 under $10k up to a $150/month cap at $325k+ — about 0.18% on $1M. Underneath: Average 0.13% — the lowest underlying costs in the field. Minimum: None stated. 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 Nest Wealth support? Can it hold a RRIF?
TFSA, RRSP, RRIF, LIRA, RESP. 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 Nest Wealth?
Assets custodied at Fidelity Clearing Canada or NBIN — both CIRO dealers and CIPF members. 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
Below $100k, look elsewhere. Above $500k, nothing in Canada manages money cheaper — and at that size, the fee you don’t pay compounds into a meaningful slice of your estate. The crossover math is the whole review.
Ready to compare Nest Wealth against the field?
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.