RBC Direct Investing or Wealthsimple for $100 XEQT?

Hello everyone. Looking to put around $100k of corporate savings into XEQT and basically leave it there long term. Maybe one lump sum or a few large purchases, no regular trading.

My corporate banking is already with RBC, but I also have a Wealthsimple corporate account set up.
For something this simple, would you use RBC Direct Investing or Wealthsimple? Any reason to choose one over the other?

Thanks!

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u/LordZedd87 — 3 days ago

RBC Direct Investing vs Wealthsimple for $100k XEQT purchase in a corporate account?

Hello. I have a question. I currently have about $140k of cash sitting in my Canadian corporation that has basically been dormant. I don’t need the majority of it for operating expenses and would like to start putting some of it to work, rather than just it sitting there. I’m considering investing about $100k into XEQT, either as one lump sum purchase or a few larger purchases, and leaving it there long term. This isn’t going to be an active trading account (probably buy XEQT, reinvest distributions, and mostly forget about it.)

My corporate banking is already with RBC. I’m currently going through the process of opening an RBC Direct Investing corporate account, but I also have a Wealthsimple corporate account i haven’t used yet...

For those who are experienced in investing, which would you choose: RBC Direct Investing or Wealthsimple?

Main things I care about:
Simplicity.
fees on 100k ETF purchase
Ease of moving money from my corporate bank account
Tax documents/accounting at year-end
DRIP or reinvesting distributions
Customer service if something goes wrong
Any disadvantages to holding a six-figure corporate investment account at Wealthsimple vs RBC????

I’m not looking to trade regularly or pick individual stocks. This would basically be long-term corporate savings invested primarily in XEQT. Would you keep everything under the RBC umbrella for convenience?? or is Wealthsimple the obvious choice for something this simple?

Any advice would help thanks so much!

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u/LordZedd87 — 3 days ago

Can’t post Reels for 6 days with a completely clean Account Status - 2.8m followers

Hello. I’m hoping someone can help me. For 6 days, every time I try to post a Reel, it stops at 99% and then I get a notification that says:

“You can’t share reels now because your account activity may not follow our Community Standards.”

My Account Status is 100% clean with no violations or restrictions. I’ve already:

- Waited over 48 hours without posting
- Reinstalled the app
- Tried multiple devices and networks
- Reported the problem several times
- Contacted Meta Support

Absolutely nothing has worked.
I can still post photos and Stories. Only Reels are blocked.

Has anyone had this exact message with a clean Account Status? How long did it last, and did it eventually fix itself? Thank you!

u/LordZedd87 — 1 month ago

Can’t post Reels for 1 week with a completely clean Account Status on 2.8m follower page.

Hello. I’m hoping someone can help me. For 6 days, every time I try to post a Reel, it stops at 99% and then I get a notification that says:

“You can’t share reels now because your account activity may not follow our Community Standards.”

My Account Status is 100% clean with no violations or restrictions. I’ve already:

- Waited over 48 hours without posting
- Reinstalled the app
- Tried multiple devices and networks
- Reported the problem several times
- Contacted Meta Support

Absolutely nothing has worked.
I can still post photos and Stories. Only Reels are blocked.

Has anyone had this exact message with a clean Account Status? How long did it last, and did it eventually fix itself? Thank you!

reddit.com
u/LordZedd87 — 1 month ago