Connect Wealthsimple to Shift so you can merge all your web apps into your browser
Download ShiftWhat is Wealthsimple?
Wealthsimple is a Canadian fintech combining automated investing, self‑directed trading, banking, crypto services, tax filing, and access to human advisors. It serves beginners through self‑directed traders and crypto investors and supports TFSA, RRSP, FHSA, RESP, RRIF, LIRA, non‑registered and corporate accounts, plus chequing/savings‑style banking.
It offers tiered plans (Core, Premium, Generation) that change fees and advisory access, along with digital tax filing and partner products like mortgages and credit cards. The platform reports millions of customers and over $100 billion in assets under administration; eligible cash and investments have CDIC and CIPF protection. Wealthsimple bundles rebalancing, human advice, and active trading, and works alongside other tools in Shift for a consolidated financial workflow.
How Wealthsimple works in Shift
Adding Wealthsimple to Shift gives you one organized place to run investing, trading, banking, crypto, and tax workflows without juggling browser windows or repeated logins. Shift’s multi‑account feature keeps separate Wealthsimple logins active so you can compare balances or move between registered accounts without signing out.
Put Wealthsimple in a dedicated Space with your bank, tax app, and portfolio tracker to switch contexts instantly and preserve that layout each day. Smart Links and app integration prevent duplicate tabs and route links to the correct Wealthsimple login. Layout controls let you view dashboards side‑by‑side with trade tickets or tax forms, and session persistence restores your Wealthsimple workspace after restarts.
Alternatives to Wealthsimple
- BMO InvestorLine — Bank-owned online brokerage offering self-directed investing with integrated banking relationships, research resources, and a full-featured web and mobile platform.
FAQ
1. How do Wealthsimple's fees work?
Wealthsimple charges management fees for managed portfolios and tiered plan fees for additional services. Self‑directed trading has zero commissions for many stocks and ETFs but may include spreads or currency conversion costs. Exact fees depend on the product (Invest, Trade, Crypto) and your chosen plan.
2. Why are Wealthsimple prices different?
Prices vary by product and market: managed accounts include blended fund fees and advisory charges, while Trade or Crypto reflect market prices, spreads, and currency conversions. Account tier and whether you hold a paid plan also affect costs.
3. How does Wealthsimple Premium work?
Wealthsimple Premium is a paid tier that offers lower management fees past certain asset levels, access to human advisors, and extras like tax help or priority support depending on the plan. Eligibility and benefits vary by asset minimums and regional rules.
4. What is the downside of Wealthsimple?
You may find fewer advanced trading tools and order types compared with professional brokers, which can limit high‑frequency or very advanced trading. Fees and features vary by product, so heavy traders or institutional users may prefer specialized platforms.
