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0.64% MER is much higher than what you can get with Vanguard. Mutual funds are about 4x less expensive, some ETFs are 10x less expensive.

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My personal view of using Wealthsimple is a stepping stone, I've realise that I've throw away money to the banks with higher then needed MERs and Wealthsimple provide a easy way of transferring my money in and saving money now. When my portfolio is larger and I'm seeing a higher cost with them VS doing it myself I'll look into buying ETFs myself.

The lowest bank mutual fund in Canada that I've seen in from Tangerine at ~1% MER, are there ones lower?

https://www.vanguardcanada.ca/

> The lowest bank mutual fund in Canada that I've seen in from Tangerine at ~1% MER, are there ones lower?

Without having to handle rebalancing yourself? AFAIK then Wealthsimple and Tangerine are already the lowest you'll find without working with ETFs or index funds directly.

FWIW Vanguard has a 0.3% AUM option here in the US now. I assume their Canadian counterpart offers something similar?

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