Wealthsimple: Powerful financial tools to help you grow and manage your money

Wealthsimple

Type:

Fintech / Financial services

Wealthsimple Description:

Wealthsimple is a Canadian financial services provider that offers a suite of online products. Wealthsimple Invest is a robo-advisor that offers beginners or investors who prefer to be hands-off a choice of investment portfolios to suit their risk tolerance and financial goals. Wealthsimple Trade is a discount online brokerage, geared towards people who want to be hands-on with their investments. And Wealthsimple Cash is the newest addition—it’s a no-fee hybrid chequing and savings account.

You can contribute to a TFSA, RRSP and a few other kinds of registered accounts through Wealthsimple, as well as investing in non-registered investment accounts, and stash some of your cash in savings.

Wealthsimple Features:

• Minimum investment: $0 (for the Basic Account)
• Accounts: RRSP, TFSA, RESP, RRIF, LIRA, Personal, Joint, Corporate, Cash Savings, and Joint Savings
• Tax-loss Harvesting
• Portfolio re-balancing
• Automatic deposits
• Advice Type: Mostly automated, with phone and email advice provided on-demand by licensed portfolio managers
• Fractional shares
• Socially responsible investing
• Access: Online, app, and phone
• Transfer Fees: Reimbursement for investment transfers $5,000+ after completing a short survey
• Customer service: Excellent

Wealthsimple Reviews:

• Google:
  • 4.6 out of 5
• GreedyRates:
  • 5 out of 5
• Youngandthrifty:
  • 5 out of 5

Is Wealthsimple good:

Simple amazing. All Wealthsimple products have great apps, very user-friendly and sleek. 

If you were not investing for lack of timing on choosing the best opportunities, just go to Wealthsimple.

It is perfect for starting out. It is so easy to buy and sell stocks. Gives you just enough information to do your own research on companies. Provides everything you need in such an elegant and simple format. 

Wealthsimple on Wikipedia:

Wealthsimple Inc. is a Canadian online investment management service focused on millennials. The firm was founded in September 2014 by Michael Katchen and is based in Toronto.[1] As of August 2019, the firm holds over C$5 billion in assets under management. It is primarily owned by Power Corporation indirectly at 70.1% through investments made through their holdings in Power Financial, IGM Financial and Portag3.

Wealthsimple Official website:

https://www.wealthsimple.com/

https://www.wealthsimple.com/en-ca/product/invest

https://www.wealthsimple.com/en-ca/product/trade/

https://www.wealthsimple.com/en-ca/product/crypto

https://www.wealthsimple.com/en-ca/product/cash

https://www.wealthsimple.com/en-ca/product/tax