Wealthsimple
Wealthsimple offers a range of financial services including managed and self-directed investing, high-interest accounts, tax-advantaged savings plans, and private investments tailored to individual needs.
Wealthsimple Managed Investing Portfolios
Wealthsimple offers managed investing portfolios that are tailored to individual risk tolerance and financial goals. These tailor-made portfolios provide clients with a diversified investment strategy managed by experienced professionals. The service includes automatic rebalancing and dividend reinvestment to help optimize returns. Clients can easily monitor their portfolios and receive regular updates and insights into their investment performance.
Wealthsimple Self-Directed Investing
Wealthsimple provides a self-directed investing platform with commission-free trading for over 9,000 stocks and ETFs. Users have the flexibility to make their own investment decisions while benefiting from an intuitive and user-friendly interface. This platform is designed to make investing accessible, enabling clients to research, trade, and manage their investments without any trading fees.
Wealthsimple High-Interest Accounts
Wealthsimple offers high-interest accounts aimed at providing significant returns on cash deposits. The high-interest chequing account offers up to 5% interest for Generation clients. Additionally, the platform provides a high-interest cash account with no monthly fees and the same attractive interest rate for Generation clients, helping users grow their money while maintaining liquidity.
Wealthsimple Tax-Advantaged Accounts
Wealthsimple offers various tax-advantaged accounts to help clients maximize their savings and minimize their tax liabilities. These include a Tax-Free Savings Account (TFSA) with a yearly contribution limit of $7,000 for 2024, and a Registered Retirement Savings Plan (RRSP) which allows for yearly contributions of up to 18% of the previous year's income, with a maximum limit of $31,560. Additional options include a First Home Savings Account (FHSA) and a Registered Education Savings Plan (RESP) that benefit from government matching contributions.
Wealthsimple Specialized Investment Options
Wealthsimple provides a range of specialized investment options for different client needs. This includes private credit investments targeting a 9% yield, private equity investments with a minimum investment of $10,000, and a socially responsible investing portfolio for those who wish to invest in companies with positive social and environmental impacts. The platform also offers a Halal investing portfolio compliant with Shariah law and stock lending services to earn extra income from holdings.