Smarter Loans Inc. is not a lender. Smarter.loans is an independent comparison website that provides information on lending and financial companies in Canada. We work hard to give you the information you need to make smarter decisions about a financial company or product that you might be considering. We may receive compensation from companies that we work with for placement of their products or services on our site. While compensation arrangements may affect the order, position or placement of products & companies listed on our website, it does not influence our evaluation of those products. Please do not interpret the order in which products appear on Smarter Loans as an endorsement or recommendation from us. Our website does not feature every loan provider or financial product available in Canada. We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering.
Wealthsimple is a Canadian online investment management service. They are known as a robo-advisor and can help you invest on auto-pilot. Wealthsimple invests your money in a globally diversified portfolio of low-cost index funds, and their cutting-edge technology helps you earn the best possible return, while optimizing your tax bill. This includes things like automatic rebalancing, dividend reinvesting, and tax loss harvesting — services that were only available to the ultra rich until now.
Wealthsimple also offers Cash, Savings, Tax and Trading services.
Invest in an intelligent portfolio of low-fee funds that are designed to meet your financial goals.
Diversifying your investments means you can minimize risk while maximizing rewards. Wealthsimple will invest your money across the entire stock market using Exchange Traded Funds (ETFs).
Wealthsimple will help you choose a risk level you’re comfortable with, then build a custom portfolio based on your financial goals.
Basic: $0 – $100,000 Invested, there is a 0.7% fee
Black: Deposits $100,000+ there is a 0.5% fee.
Generation: For deposits of $500,000+, there is custom pricing.
All plans also have a 0.2% fee for ETF Purchases
Personalized portfolio
Expert financial advice
Auto-rebalancing
Auto-deposits
Dividend reinvesting
Tax loss harvesting
Wealthsimple Cash: One zero-fee, do-everything account. Save for your short-term goals and earn 0.9% interest. It’s ta great account to build an emergency fund and save for a vacation or down payment.
You can withdraw cash from ATMs across Canada — and send money instantly with e-transfers and bill pay.
Wealthsimple doesn’t charge you fees so you keep more money in your pocket.
The Wealthsimple card is made from Tungsten metal, which is one of the heaviest elements on earth, with a matte finish and spot gloss.
Reputable: More than 1 million people use Wealthsimple’s investing, saving, and tax products.
Safe: Everything is encrypted, Wealthsimple uses state-of-the-art data encryption when handling your information and two-factor authentication (2FA).
Powerful backing: Wealthsimple is backed by $265M in investment from some of the world’s largest financial institutions.
CIPF protected – Your accounts are held with Wealthsimple’s custodial broker, Canadian ShareOwner, and are protected within specified limits in the event of its insolvency by CIPF.
Really love Wealthsimple. It's super easy to use and the user interface and experience is very intuitive.
I use Wealthsimple to manage a small portion of my overall investments. The fact that it's on autopilot makes it great from a time allocation perspective. I've seen a slow but steady growth with my investments over the last 2 years with them.
