Opening an investment account sucks.
The mountain of paperwork you sign without reading. The complicated language and choices to pick your portfolio. The visits to the branch to speak with commissioned sales people.
It can be intimidating and it’s holding Canadians back from confidently managing their personal investments: 50% of Canadians still don’t have a Tax Free Savings Account (TFSA), for example, and 80% of TFSAs are held in cash or Guaranteed Investment Certificates, which are very low-return investments.
Toronto’s Wealthsimple believes it’s time for a change.
Starting today, with Wealthsimple Canadians can open an investment account from their mobile phones—a first for Canada.
It’s as easy as downloading the Wealthsimple app from the Apple App Store or Google Play Store.
Making it easy to open an account is part of Wealthsimple’s mission to make quality, low-fee investing available to everyone. If you already have a TFSA, RRSP, or other investment account, it’s also easy to transfer them to Wealthsimple. There are no government penalties, and Wealthsimple will cover any fees charged by your old financial institution.
Every Wealthsimple client has access to an on-demand advice service. Email, text, call, or video chat with a confidential Wealth Concierge.