Based in Toronto, Wealthsimple is intent on bringing low-cost, technology-driven investment strategies and personalized service to every Canadian. Wealthsimple, like most robo-advisors, creates diversified portfolios utilizing low-cost ETFs – no stock picking and no market timing. They do not accept commissions. Rebalancing as an asset class drifts too far from its targeted percentage happens automatically. The service is free to investors with under $5,000, 50 basis points for investors with between $5001 and $249,999, 40 basis points on accounts between …
