Wealthsimple says assets top $100 billion under administration
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – Wealthsimple Inc. says its assets under administration have reached $100 billion as the company tweaks its offerings.
The privately-held financial platform has seen its assets roughly double from a year ago, while in 2023 it had set a target of 2028 to reach the $100 billion mark.
Along with disclosing total assets, Wealthsimple says it has also dropped contract fees to make its options contracts truly zero commission, now offers direct indexing portfolios that can allow for tax-loss harvesting, and made changes to its crypto and gold trading offerings.
It says it will soon also offer the option of buying Wealthsimple branded gold coins, a new portfolio option that will offer more access to private markets, and it will be adding more advanced options strategies.
Wealthsimple, founded in 2014, says that more than three million Canadians are customers.
Power Corp. of Canada and related entities hold a controlling stake in the company.
This report by The Canadian Press was first published Oct. 22, 2025.