BMO SmartFolio
BMO SmartFolio: Managed ETF portfolios with rebalancing and advisor access, but fees and minimum limit value. Ranked #14 of 24 in Robo-Advisor Apps by our editors (5.9/10); pricing: Paid; best for canadian investors wanting portfolios with advisor support.
At a glance
- Editor score5.9 / 10
- PricingPaid
- Best forCanadian investors wanting portfolios with advisor support
- Free planNo
- Minimum investment1000 $
- Facts checked29 Sep 2026
Where it wins
- Managed ETF portfolios with ongoing monitoring and rebalancing
- TFSA, RRSP, RESP, RRIF and non-registered account options
- Advisor support through live chat, email and phone
Where it doesn't
- 0.70% annual advisory fee tier plus ETF management fees
- $1,000 minimum investment
- Limited portfolio customization and no tax-loss harvesting
Our verdict on BMO SmartFolio
BMO SmartFolio is an online managed investment service that matches investors with an ETF model portfolio using their goals, risk tolerance and investor profile. BMO portfolio managers monitor portfolios and adjust allocations to keep them aligned with investor objectives. It suits Canadian investors who want professionally managed portfolios without selecting and rebalancing ETFs themselves, while retaining access to dedicated advisors.
The service is paid and has no free plan. Its published schedule includes a 0.70% annual advisory fee tier, with lower marginal rates at higher asset values; the advisory charge is billed quarterly. ETF management fees also apply, and the minimum investment is $1,000. Account coverage includes registered options such as TFSA, RRSP, RESP and RRIF, alongside individual and joint non-registered accounts. Pre-authorized recurring contributions support regular investing.
A questionnaire-based onboarding process determines a portfolio aligned with stated goals and risk tolerance, with multiple risk-allocation profiles available. Ongoing rebalancing and monitoring reduce the need for routine portfolio maintenance, while advisor help is available by live chat, email and phone. The service is delivered through the web and offers limited customization rather than individually tailored security selection. Investors seeking tax-loss harvesting, broader customization or a self-directed approach should consider an alternative; those prioritizing managed ETF portfolios and human advisor access may find SmartFolio a suitable fit.
BMO SmartFolio pricing
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BMO SmartFolio fact sheet
| Free plan | No |
|---|---|
| Paid from | Not verified |
| Minimum investment | 1000 $ |
| Tax-loss harvesting | No |
| Human advisor access | Included |
| Goal-based portfolios | Yes |
| Retirement accounts | Yes |
| Socially responsible option | Not verified |
| Portfolio customization | Limited |
| Deployment | Cloud |
| Platforms | Web |
| Support | Live chat, Email, Phone |
| Built for | Solo, Small business (editorial estimate) |
| Pricing | Paid (source) |
| Website | bmo.com |
| Facts checked | 29 Sep 2026 |
Alternatives to BMO SmartFolio
- WealthfrontAutomates investing and rebalancing, with customization and tax-loss harvesting for eligible accounts.9.4
- E*TRADE Core PortfoliosA managed ETF portfolio with daily monitoring, rebalancing, and optional tax-loss harvesting.8.8
- Questwealth PortfoliosManaged, actively overseen ETF portfolios with a $250 starting minimum.8.1
See all BMO SmartFolio alternatives →
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Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
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