How does Wealthsimple Work compare with other providers?

Long-term growth – Our low fees and passive investment approach can help you keep more of every contribution and build your savings at an increasing rate with compound interest.

Lower fees – The average portfolio management fee for traditional retirement providers (i.e. actively managed mutual funds) sits somewhere in between 1.5% and 2.5%. This is many times the cost of Wealthsimple’s range of 0.4% to 0.5%.

Hassle-free enrollment – Enrolling with your Wealthsimple Group RRSP can be done completely online and in a matter of minutes. No filling out physical paperwork or waiting weeks on mailed-in contracts.

Easy access – With Wealthsimple’s mobile app and desktop platform, you can make changes with just a few taps. Checking performance and making updates to your portfolio is easy and fast – especially since there’s no need to go through an employer or their broker to get it done.

Simple selection process – Forget the long list of available funds, confusing acronyms and gross returns that hide high management fees... All the stuff that makes it hard to pick the right portfolio for your financial goals – if you end up picking at all. At Wealthsimple, we’ve created step-by-step instructions that make it simple to choose the portfolio that’s right for your needs.

Inclusive options – We want it to be easy to pick a portfolio for your financial goals and your personal values. That’s why Wealthsimple lets you choose between Standard, Socially Responsible and Halal, with Canada’s first Shariah-compliant ETF.

Human support – All our Group RRSP clients have the option of connecting directly with a portfolio manager at any time, without having to go through their employer first. Plus, our money experts are fiduciary, which means they are obligated to make recommendations only in your best interest. Not ours.