I’m not very knowledgeable when it comes to investing, so I’m hoping for some guidance. A few months ago, I switched my RRSP to RBC InvestEase and selected the socially responsible portfolio because I wanted my investments to better reflect my values. Recently, I started receiving letters from iShares (BlackRock) thanking me for my investment. I didn’t realize that my money would be going through BlackRock, and I’m not comfortable with that. What are my options if I want my RRSP to: Be managed by a Canadian company Invest primarily or exclusively in Canadian organizations Follow socially responsible investing principles Is this something I can request through RBC, or would I need to move my RRSP elsewhere? Thanks in advance for any advice.
I don’t know what’s InvestEase, but what you can do is open a self-directed investment account. You can open one with RBC or another big bank, but Wealthsimple and Questrade also provide these as someone else mentioned.
Once you have a self-directed investment account, you can buy ETFs. RBC and Blackrock seem to have some kind of deal where RBC leads you to buy Blackrock ETFs instead of making similar ones of their own. If you’re fine with this, look at ETF XCSR. If you’d rather have ETFs from a Canadian issuer, wikipedia has a list. I can’t guess what your specific values are so you’ll have to shop around in the list.