Last Update: Jan 14, 2023.

Submitted by: De Arvind
Score: 79/100 (49 votes)


Is my money protected with Wealthsimple?

Under the trust framework CDIC insures eligible cash balances up to $100,000 per beneficiary (Wealthsimple Save customer) per member institution, provided certain disclosure rules are met. Coverage is free and automatic.

Crypto-assets purchased and held in an account with Wealthsimple Crypto are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme. The following is additional information concerning your relationship with WDA.

Wealthsimple Stocks ETFs Stocks and ETFs are offered by Wealthsimple Investments Inc. (WSII). WSII is a member of the Investment Industry Regulatory Organization of Canada. Customer accounts held at WSII are protected by CIPF within specified limits in the event WSII becomes insolvent.

Do I own my shares at Wealthsimple? Shares are held in "street name" meaning they are held with Wealthsimple Investments Inc. but owned by you (the purchaser). You still retain ownership and all rights associated, such as dividends and voting rights.

Understanding The Security And Privacy Of Your Account

Does Wealthsimple sell my data or information to any third parties? Wealthsimple does not sell any of our clients' data. All order submissions are sent to the markets directly via our executing brokers.

Understanding The Security And Privacy Of Your Account

Do I own my shares at Wealthsimple? Shares are held in "street name" meaning they are held with Wealthsimple Investments Inc. but owned by you (the purchaser). You still retain ownership and all rights associated, such as dividends and voting rights.

Wealthsimple Black is a premium service for clients who have net deposits of $100,000 or more in their Wealthsimple Invest Save accounts. Note: Deposits made to Wealthsimple Trade Crypto or Wealthsimple Cash accounts are not included in your net deposits towards Wealthsimple Black status.

Wealthsimple Black is a premium service for clients who have net deposits of $100,000 or more in their Wealthsimple Invest Save accounts. Note: Deposits made to Wealthsimple Trade Crypto or Wealthsimple Cash accounts are not included in your net deposits towards Wealthsimple Black status.

Wealthsimple ? Wealthsimple Safe?

If Wealthsimple were to go bankrupt, your assets would remain with Canadian ShareOwner Investments and you would be able to transfer your money to another financial institution. In addition, Wealthismple is a member of the Investment Industry Regulatory Organization of Canada (IIROC).

Wealthsimple  ?  Wealthsimple Safe?

Where Wealthsimple Invest takes a passive investing approach, Wealthsimple Trade is 100% active investing. It's an online-only, commission-free investing platform that gives would-be investors access to U.S. and Canada-listed stocks and ETFs. There's nothing automatic about Wealthsimple Trade.

The Wealthsimple Trade and Wealthsimple API allow you to easily connect your account to Wealthica securely with just a few clicks. This means you no longer need to enter your credentials when connecting your Wealthsimple account to Wealthica, securely giving you instant control over your financial data.

Where Wealthsimple Invest takes a passive investing approach, Wealthsimple Trade is 100% active investing. It's an online-only, commission-free investing platform that gives would-be investors access to U.S. and Canada-listed stocks and ETFs. There's nothing automatic about Wealthsimple Trade.

Advice On Risk Profiles

The Wealthsimple Balanced portfolio is our medium risk portfolio.

Advice On Risk Profiles

Setting up Overflow is easy. Once you have a Wealthsimple account that's connected to your bank's chequing or savings account, just go to the €œFunding heading and activate Overflow. You can deposit into any of the following Wealthsimple accounts: RRSP.

Every song you've ever heard, I own it. I got a 70/30 split with my label. I make more money off my album sales than I do off touring.