Wealthsimple Canada Shopping Guide

Wealthsimple Canada Shopping Guide

About Wealthsimple

Wealthsimple provides long-term investment management to customers in Canada, London, and the US. They provide world-class services without the steep account minimums and hidden fees that most investment managers have. Wealthsimple helps you make investments in a diverse portfolio of low-cost index funds. With their advanced technology, they can help you earn the best possible returns, while simultaneously keeping your tax bill low. Wealthsimple does this through automatic rebalancing, tax loss harvesting, and dividend reinvestment. These are services that many people could not take advantage of in the past because they cost so much. But with Wealthsimple, everyone can receive the help they need, regardless of the size of their budget.

How Does It All Work?

Wealthsimple helps their customers by building intelligent portfolios of low fee-funds that are specifically created to reach your particular financial objectives. Wealthsimple invests your money in different areas of the stock market through Exchange Traded Funds that keep track of the global economy. Through this method, you don’t have to put all of your eggs in just one basket. All you need to do is answer a few questions, and Wealthsimple will create the perfect investment plan for you based on your needs and goals. Wealthsimple’s approach is modeled after the Modern Portfolio Theory which was introduced by Harry Markowitz, a Nobel Prize-winning economist. Harry Markowitz proved that you can minimize risk and maximize returns through diverse investments.

Is Wealthsimple Insured?

Wealthsimple is a registered Portfolio Manager in Canada. Securities in your Wealthsimple account are covered by the Canadian Investor Protection Fund. CIPF covers accounts up to $1,000,000 from bankruptcy.

What are Wealthsimple’s Fees?

Wealthsimple’s fees are a fraction of what traditional advisors charge. You’ll never pay any trading, account transfer, or rebalancing fees. With Wealthsimple Basic (accounts from $0-$100k) you’ll pay a management fee of 0.5%. With Wealthsimple Black (accounts over $100k) the management fee is just 0.4%.

Ways to Save at Wealthsimple

Wealthsimple offers customers two membership plans to choose from depending on how much you would like to invest. They offer Wealthsimple Basic and Wealthsimple Black. With Wealthsimple Basic, you get features and benefits such as a personalized portfolio, automatic rebalancing, automatic deposits, personal advice from their financial experts, and dividend reinvestment. With Wealthsimple Black, you get all of the features of Wealthsimple Basic, as well as other benefits including goal-based planning, access to VIP airline lounges, tax loss harvesting, and lower fees. And with the awesome sign-up bonuses we have for you (see above), you can enjoy huge savings, giving you more money to invest through Wealthsimple. As a Wealthsimple member, you will also receive email updates from them about new offers, investment tips, and more.

Wealthsimple Sign up Bonus + Referral Rewards

Wealthsimple is currently offering some fantastic incentives to join. When you sign up using a Wealthsimple referral link, you’ll get your first $10,000 managed for free. You can also get additional funds managed for free when you download the mobile app (+$100 managed for free), enable two-step verification (+$100 managed for free), transfer an account worth at least $5,000 (+$10,000 managed for free), invite a friend to use your referral link (+$10,000 managed for free) or turn on auto-deposits of at least $50 per month (+$1,000 managed for free).

Customer Service

Investing money in the stock market can sound very intimidating to most people. But Wealthsimple’s team of financial experts are available to answer any and all concerns you may have about their services and how they work. If you would like to get in touch with the Wealthsimple team, you can do so by submitting a request on their website, or by giving them a call at 1-855-255-9038. You can also connect with Wealthsimple by following them on Facebook, Instagram, and Twitter.

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