Can I trust Wealthsimple?
Yes, Wealthsimple is safe. Assets on Wealthsimple Invest and Wealthsimple Trade accounts are held by ShareOwner Investments Inc., which is a Canadian Investor Protection Fund (CIPF) member and is regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
Why can't I log into Wealthsimple?
If you forgot your password and can't sign in to Wealthsimple, you can request a password reset email. You'll need to log out of the Cash app before you can reset your password.
Is Wealthsimple actually free?
Often it is a paid add-on service but Wealthsimple provides it complimentary for clients qualifying for its Black tier.
How do I contact Wealthsimple?
So, if you have any queries or concerns regarding Wealthsimple's services, you can reach out to its customer service representatives on this number 1-855-255-9038.
How much does Wealthsimple cost?
Wealthsimple's 0.50% management fee on account balances of less than $100,000 and 0.40% on accounts over $100,000 is higher than that charged by the other companies on NerdWallet's best robo-advisors list. In comparison, Wealthfront and Betterment charge a 0.25% management fee.
Is Wealthsimple good for beginners?
Which Stock Trading Site is Best for Beginners? Both first-time and seasoned investors will find the perfect combination of features and enjoy commission-free trading with Wealthsimple Trade. Investors who don't want to make trades can take a risk-free survey and get a customized portfolio with Wealthsimple Invest.
What are the cons of Wealthsimple?
Cons: The Not So Good Stuff
Higher MER than competitors: Wealthsimple Invest charges a bigger Management Expense Ratio than some of its competitors. Delayed deposit times: Depositing funds from an external bank account into a Wealthsimple account can take up to three business days.