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Head-to-head · Robo-Advisor Apps

Ally Invest Robo Portfolios vs Wealthsimple Managed Investing

  • Updated Sep 2026
  • Both researched from official sources
  • 5 checks side by side
Higher score Ally Invest Robo Portfolios #4 in Robo-Advisor Apps 7.6/10 From $0/yr ✓ 3 of 4 features Visit Ally Invest
Wealthsimple Managed Investing #5 in Robo-Advisor Apps 7.3/10 Paid ✓ 4 of 4 features Visit Wealthsimple

Ally Invest Robo Portfolios leads on 0 checks, Wealthsimple Managed Investing on 1, and 4 are even. Who comes out ahead on the 5 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreAlly Invest Robo Portfolios · 7.6/10
  • Most featuresWealthsimple Managed Investing · 4 of 4

Ally Invest Robo Portfolios scores higher on our rubric for robo-advisor apps: 7.6 against 7.3 out of 10; our editors rank them #4 and #5.

Wealthsimple Managed Investing offers tax-loss harvesting; Ally Invest Robo Portfolios doesn't.

Ally Invest Robo Portfolios is the better fit for ally customers seeking a no-fee portfolio option. Wealthsimple Managed Investing is the better fit for canadian investors wanting managed portfolios and tax.

  • Ally Invest Robo Portfolios fits best

    Ally customers seeking a no-fee portfolio option

  • Wealthsimple Managed Investing fits best

    Canadian investors wanting managed portfolios and tax

Advertiser disclosure: iTechGuides is reader-supported. We may earn a commission when you click some links. How we rank.

Side by side

Feature Ally Invest Robo Portfolios 7.6/10 Visit ↗ Wealthsimple Managed Investing 7.3/10 Visit ↗
At a glance
Editor score 7.6 7.3
Ranking #4 in Robo-Advisor Apps #5 in Robo-Advisor Apps
Best for Ally customers seeking a no-fee portfolio option Canadian investors wanting managed portfolios and tax
Pricing model Paid Paid
Starting price Free Not published
Free plan — —
Free trial — —
Deployment Cloud, Mobile Cloud, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Support Phone, Live chat, Email Email, Phone, Live chat, Docs
Built for Solo, Small business Solo, Small business, Mid-market
Features Ally Invest Robo Portfolios 3/4 · Wealthsimple Managed Investing 4/4
Tax-loss harvesting — ✓ (best)
Goal-based portfolios ✓ ✓
Retirement accounts ✓ ✓
Socially responsible option ✓ ✓
Specs
Minimum investment 100 $ Not published
Human advisor access Optional Optional
Portfolio customization Limited Limited
Our review
Pros
  • Automates portfolio monitoring and rebalancing
  • Offers Core, Income, Tax Optimized, and Socially Responsible choices
  • Supports individual, joint, custodial, and IRA account types
  • Automated management, rebalancing, dividend reinvestment, and recurring deposits
  • Supports TFSA, RRSP, RESP, RRIF, LIRA, and other account options
  • Tax-loss harvesting available for Premium and Generation clients
Cons
  • Cash-enhanced portfolios allocate 30% to cash
  • Market-focused portfolios charge a monthly advisory fee
  • Tax-loss harvesting is limited to eligible non-qualified Personal Advice accounts
  • No free plan; the published starting management fee is 0.5% annually
  • Portfolio customization is limited compared with self-directed investing
  • ETF expenses, currency-conversion fees, and separate advisor asset minimums may apply
Our verdict

Ally Invest Robo Portfolios automates management of diversified ETF portfolios for investors seeking a hands-off approach. Investors answer questions about goals and risk preferences, then choose among Core, Income, Tax Optimized, and…

Read the review →

Wealthsimple Managed Investing provides professionally managed portfolios for Canadian investors who want investment decisions aligned with their goals, financial circumstances, timeline, and risk comfort. The service handles asset…

Read the review →
  1. Ally Invest Robo PortfoliosRobo-Advisor Apps 7.6From $0/yr
  2. Wealthsimple Managed InvestingRobo-Advisor Apps 7.3Paid

Strengths and trade-offs

  • Ally Invest Robo Portfolios — where it wins

    • Automates portfolio monitoring and rebalancing
    • Offers Core, Income, Tax Optimized, and Socially Responsible choices
    • Supports individual, joint, custodial, and IRA account types

    Where it doesn't

    • Cash-enhanced portfolios allocate 30% to cash
    • Market-focused portfolios charge a monthly advisory fee
    • Tax-loss harvesting is limited to eligible non-qualified Personal Advice accounts

  • Wealthsimple Managed Investing — where it wins

    • Automated management, rebalancing, dividend reinvestment, and recurring deposits
    • Supports TFSA, RRSP, RESP, RRIF, LIRA, and other account options
    • Tax-loss harvesting available for Premium and Generation clients

    Where it doesn't

    • No free plan; the published starting management fee is 0.5% annually
    • Portfolio customization is limited compared with self-directed investing
    • ETF expenses, currency-conversion fees, and separate advisor asset minimums may apply
  • Ally Invest Robo Portfolios7.6/10 · From $0/yr

    Automated ETF management with a no-advisory-fee option that keeps 30% in cash.

    Visit Ally InvestFull verdict →
  • Wealthsimple Managed Investing7.3/10 · Paid

    Managed Canadian portfolios with automated rebalancing, tax features, and registered accounts.

    Visit WealthsimpleFull verdict →

More comparisons

All Robo-Advisor apps comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026

Last updated · How we research and update