Wealthsimple

Wealthsimple is a Canadian digital financial platform built for retail investors, with a secondary offering for families with over $500,000 in assets. Its Generation tier, the closest the platform comes to private wealth services, provides access to dedicated advisors, managed portfolios, and lower management fees starting at 0.2%. The platform's entry point into wealth management is lower than a traditional family office mandate, and its service model reflects that: adviser-assisted rather than fully discretionary, and delivered through a consumer-grade app rather than institutional infrastructure.

For a family office principal evaluating this as a primary investment platform, the relevant capabilities include:

• Commission-free trading across 14,000+ stocks, ETFs, and options
• Managed investing with professionally designed portfolios
• Cryptocurrency trading and staking across 140+ assets
• Tax filing integrated within the same platform
• Chequing and savings functionality with tiered interest rates

Wealthsimple administers over $100 billion in assets and serves more than 3 million Canadians. Its backing from Power Corporation of Canada and IGM Financial gives it institutional depth unusual for a digital platform. However, the platform is built primarily for individual retail clients and affluent mass-market users, not for the operational complexity of a family office. It does not offer multi-entity reporting, consolidated views across external custodians, partnership or trust accounting, or the bespoke mandate structuring that most single or multi-family offices require. Pricing is transparent and publicly disclosed, which is notable, but the fee structure is AUM-based and scaled for consumer portfolios, not institutional mandates. Wealthsimple is a credible choice for direct family members managing personal accounts within a broader family wealth structure, but it is not positioned as a family office operating platform.

• Managed portfolio investing with adviser support
• Self-directed stock, ETF, and options trading
• Cryptocurrency trading and staking
• Cash management and high-interest chequing
• Tax filing and returns

• Managed investing with customizable expert-designed portfolios
• Commission-free trading across 14,000+ stocks and ETFs
• Options trading with multi-leg strategies and margin accounts
• Cryptocurrency trading across 140+ assets with staking functionality
• Tiered membership benefits (Core, Premium, Generation) based on total assets
• High-interest chequing account with no monthly fees
• Integrated tax filing with maximum refund guarantee
• Dedicated financial adviser for Generation-tier clients ($500K+)
• CDIC coverage for chequing and CIPF coverage for investments
• Cold storage custody for crypto assets via Tetra Trust, Coinbase, and BitGo

Built for Private Wealth Owners / Principals, Advisors / Wealth Advisors (RIA).

Dedicated adviser for Generation-tier clients, team support for account inquiries, self-serve help centre, and in-app chat.