Today, we're sharing two big pieces of news:

1

We’re proud to say that more than 10,000 people trust us with over $400 million in assets. This is the first time we've announced just how fast the Wealthsimple community has grown since our launch 14 months ago.

It's an exciting milestone for the Wealthsimple team, and just one of many to come. A big, heartfelt thank you for your trust and support over the past year. We're going to do everything we can to live up to that trust.

Ok, on to the second piece of news...

2

We're so excited to welcome the ShareOwner team to Wealthsimple. This is our first acquisition and it adds a team of industry veterans and cutting-edge technology to the Wealthsimple product.

Wealthsimple CEO Michael Katchen with ShareOwner CEO Bruce Seago.

ShareOwner is a 28 year-old brokerage and a pioneer in financial services technology. Over time, ShareOwner will take over some of our back office operations alongside our partner Virtual Brokers. The distinction should be invisible to you, but you'll start seeing the benefits in speed, new features, andfuture innovations.

You can read more about the acquisition in the Financial Post and The Globe and Mail.

And we're just getting started...

If you’re not part of the Wealthsimple community, sign up today and see why 10,000 Canadians are investing with us. You can also learn more about our approach to humanizing investing on our blog, Grow, where we have exclusive interviews with people like Alex Blumberg (founder, Planet Money) and Elizabeth Gilbert (author, Eat Pray Love).

Written By

The Editors

Wealthsimple's education team is made up of writers and financial experts dedicated to making the world of finance easy to understand and not-at-all boring to read.