Tactex Asset Management provides online advice through the Moka app, which was developed by Moka Financial Technologies.
Using the information provided by clients during the sign-up process, Tactex conducts a Know-Your-Client (KYC) process to better understand three main things: a client’s financial situation, risk profile and financial goals. Based on this information, we recommend an investment portfolio that reflects what the client is trying to achieve.
Any client onboarded via the app can use proprietary Moka technology that a) automatically rounds up every purchase they make on linked debit or credit cards and b) transfers the roundup amounts into an investment account managed by Tactex.
For more details about how online advisers work, please refer to this helpful resource provided by the by the Autorité des Marchés Financiers: https://lautorite.qc.ca/en/general-public/investments/tips-for-better-investments/on-line-adviser/