Wealthsimple

๐Ÿ‘ 89%

Share your experiences with Wealthsimple

Tell us what you like and dislike about Wealthsimple. Help others make more informed decisions based on your insights.
I

Iris G ๐Ÿ‘

Pros

I also really like the interface and the design of the app and website.
Easy to use and straightforward. Good guidance provided for beginners.

Cons

I wish there are more lessons and more tutorials in terms of trading strategies.
K

Kevin D ๐Ÿ‘

Pros

They seem to also be releasing more and more useful tools, like round-ups and a new trading platform.
Itโ€™s incredibly easy to use. Well-designed, fast and focused.

Cons

They produce a lot of great content, which seems very targeted at the millennial crowd. No biggy, but kind of annoying.
Theyโ€™re really, exceptionally focused on growth, offering to manage more money for free if you promote the app. So, am I paying more than I need to because I donโ€™t want to keep pestering my friends with signup links?
T

Tom H ๐Ÿ‘

Pros

Easy to set up, smart app, transparent with their activity and fees.

Cons

Limited % returns, Gilt-heavy investment โ€“ though both are likely a result of my risk-adverse portfolio.
S

Stephen M ๐Ÿ‘

Pros

Simple and easy to use. It has been very easy to deposit and withdraw money.

Cons

UX not as good as other platforms, the app could be improved to show more useful information about your investments.
T

Tom H ๐Ÿ‘

Pros

Accessible platform with great UI and easy-access overview. Stylish, with functionality.

Cons

Investments to date are down - and heavy reliance on Gilts and low-interest bonds.
J

James P ๐Ÿ‘

Pros

Simple overview of investments, transparent fees, fantastic customer service.

Cons

Over-diversified on the UK platform. Also, the monthly reporting needs to be improved.
A

Angela T ๐Ÿ‘

Pros

Possibility to choose for a sustainable option portfolio when setting up the account.
Easy to set up with a nice direct visualization of projections.

Cons

The mobile app has limited options, e.g. the visualization of adding funds only viewable in online version.
Unable to drill down into more granular views (e.g. by month, etc).
F

Fernando Cesar D ๐Ÿ‘

Pros

Easy to use, diversified portfolios with good options to choose from.

Cons

I donโ€™t like the mobile experience, I prefer to use the website instead.
S

Sy Nam N ๐Ÿ‘Ž

Pros

They provide social responsible investments. They have financial advisors.

Cons

Horrible app. Not enough info, hard to use, for full access you need to go to the website which is very uncomfortable on phone.
A

Alex B ๐Ÿ‘Ž

Pros

Itโ€™s pretty simple. You just sign up, connect your bank and add money. The portfolios are simple too.

Cons

It doesnโ€™t do much. No rebalancing that Iโ€™ve seen. No customization. No setting goals.

Important Info:

Fees
0.7%
Fund Costs
0.14% - 0.18%
Minimum Deposit
$0

Wealthsimple

๐Ÿ‡บ๐Ÿ‡ธ
Wealthsimple's team, which has won numerous awards, manages over $2 billion in assets. Based on Finimize's research, Wealthsimple takes on less risk than the average US robo advisor.

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