When it comes to automated investment management systems globally, Wealthsimple might not be the most well-known name on the market – but it is one of the most compelling. The company has quickly emerged as one of the biggest digital investment solutions available in Canada before entering the US in January 2017. Since entering the American and more recently UK market, Wealthsimple has continued to grow at an astronomical rate.
Wealthsimple is quite unique in that they give investors the opportunity to enjoy socially responsible and highly diverse portfolio options when opening their account. Wealthsimple is particularly useful for investors who are starting out in the market for the first time. It comes with an easy-to-use interface, and plenty of access to support from financial advisors too.
Wealthsimple is an extremely economical option for digital advice coupled with access to advisors . The product is an incredibly versatile, impressive, and helpful alternative regardless of whether you’re an investment beginner, or someone with plenty of cash to splash.
What Can You Expect from Wealthsimple?
There are plenty of different automated investment tools on the market today, and each of them comes with its own unique variety of features, but there’s nothing quite like Wealthsimple for its zero-investment minimum and range of features. One of the things that make Wealthsimple so compelling is the fact that it has a wide range of unique features to choose from. Although you can get more benefits from the app when you reach a premium level account, the basic solutions are pretty top-tier too.
- Plug and play diversified portfolio
- Automatic portfolio rebalancing
- Automatic deposits: For those who want to simplify the investment strategy, you can tap into the benefits of automatic deposits, so you don’t have to worry about dishing out your money each month. Regular deposits are key to a successful investment plan, and Wealthsimple makes it really easy.
- Dividend Reinvesting: Wealthsimple will automatically reinvest dividends.
- Instant advice: Wealthsimple also comes with plenty of advice for you to tap into too – including support from real, human experts.
- VIP Lounge Access: You can enjoy access to a range of luxury airlines as a Wealthsimple Black member.
- Financial Planning: As a premium member, you can also schedule financial planning sessions with a personal advisor to improve your chances of reaching your investment goals.
What Makes Wealthsimple so Special?
On the surface, Wealthsimple is a personal finance solution that has attracted tens of thousands of customers across both Canada, the US, and UK today. The service comes with a host of attractive features, although a few of the perks will only be made available once you have at least $100,000 in your account.
Perhaps one of the best things about Wealthsimple is the fact that there’s no account minimum to worry about. Although you do need bigger investments to qualify for the premium account, you can still enjoy a lot of features as a standard member. This also means that Wealthsimple is more attractive to users who wouldn’t be able to reach the high minimums typically associated with other financial advisors.
Before you even sign up to work with Wealthsimple, the benefits are already there in plain view. Your account comes with an offer for a free portfolio review. If you take advantage, you’ll be able to look more closely at all of your investments, debts and savings, to see how you can manage your money more effectively. Additionally, your free service will include features like automated deposits, dividend reinvestment, and automatic rebalancing. What’s more, there’s no additional fees on trading, transfers, or tax-loss harvesting either.
During the beginning of 2018, Wealthsimple also added a new Smart Savings account to their roster at a compelling rate that is actually a lot more than many banks can offer. The unlimited free transfers ensure that you have a great place to keep your money safe and sound until you need it in the future.
Simple and Effective Investing
If you’re looking for a simple, no-holds-barred approach to investment that’s perfect for any level of financial knowledge, then you’ve come to the right place. Not only does Wealthsimple come packed full of exciting features to help you get the most out of your wealth portfolio, but the entire system is designed to be simple and straightforward too.
From the website to the app, when you start your Wealthsimple experience, you’ll find that you have all the tools you need to manage your money, without the confusing clutter of some of the other robo advisor solutions on the market today. What’s more, you even get a quick phone call from one of the financial advisors when you sign up, to walk you through the experience.
Should You Try Wealthsimple?
Wealthsimple is just one of the automated investment solutions available on the market right now. Wealthsimple is the perfect automated investment tool for you if you’re looking for a halal portfolio or a socially responsible portfolio option. Additionally, free premium features and a minimum balance requirement of zero dollars makes the tool very compelling.
Whether you’re a beginner investor making sure that you get the most out of your money, or you’re an experienced individual with plenty of cash to put into your investments, Wealthsimple is sure to help you save, and grow your wealth. With a rich series of features to enjoy, and help from a team of real-life account professionals, you really can’t go wrong. Try it if you are unsatisfied with your current situation as you will no doubt be pleased with how they make investing simple and easy.