Wealthsimple
Investing on autopilot
Starting Price
0.4% - 0.5%
Basic: 0.5% annually ($0-$100k). Black: 0.4% annually ($100k+). Trade: $0 commission for stocks/ETFs.
Wealthsimple is Canada's leading robo-advisor, offering automated investing, commission-free stock trading, and a high-interest savings account. Their socially responsible investing options and user-friendly app have made them a favorite among Canadian millennials.
- Automated portfolio rebalancing
- Tax-loss harvesting
- Dividend reinvestment
- Goal-based projections
- Risk assessment algorithms
- Smart savings automation
- Best robo-advisor in Canada
- Low minimums ($1 to start)
- Excellent mobile app
- Free stock trading
- SRI and Halal options
- Great for beginners
- Strong TFSA/RRSP integration
- Higher fees than US competitors
- Limited ETF selection
- No direct indexing
- Fewer features than US robo-advisors
- Customer service can be slow
Wealthsimple is the clear leader in Canadian robo-advisory. Their combination of automated investing and free trading makes them hard to beat for most Canadian investors.
Best For:
Canadian investors wanting a simple, all-in-one investing platform
See side-by-side feature comparison
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Disclaimer
This content is for informational purposes only and should not be considered financial, tax, or legal advice. Consult with a qualified professional before making financial decisions. TaxMaker strives for accuracy but cannot guarantee all information is current or complete. Past performance does not guarantee future results.