What makes Wealthsimple different from other group retirement providers?

Lots! Here are some of the highlights.

Long-term growth – Our low fees and passive investment approach can help your employees keep more of every contribution and build their 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 digital onboarding – Setting up your company’s Wealthsimple Group RRSP and enrolling employees can be done completely online and in a matter of minutes. No filling out physical paperwork or waiting weeks on mailed-in contracts.

Easy admin – Update employee info and manage your plan in just a few clicks using our easy-to-use employer dashboard. No need to contact a broker or advisor – or deal with piles of paperwork.

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 for employees to pick the right portfolio for their financial goals – if they end up picking at all. At Wealthsimple, we’ve created step-by-step instructions that make it simple for employees to choose the portfolio that’s right for their needs.

Inclusive options – We also support your diversity and inclusion efforts, offering value-based options, letting employees choose between portfolios themes like Standard, Socially Responsible and Halal, with Canada’s first Shariah-compliant ETF.

Human support – We offer your employees 1:1 meetings with our portfolio managers who can answer questions, provide education and help them feel confident about their investment choices. Plus, these money experts are fiduciary, which means they are obligated to make recommendations only in your employees’ best interest. Not ours.