One of things we Wealthsimplers pride ourselves on are our naturally well-toned calf muscles but we’re sure you noticed those already. Another thing is our honesty and transparency with our clients. And that’s why we’ll never hide how much we’ll charge you.
First thing’s first: Any new Wealthsimple client will get up to $5,000 managed for a year without us assessing any fee whatsoever, just so you can take us for a spin around the block, see how we corner, and get a feel for how we do things over here. We’re pretty sure once you get to know us a little better you’ll be happy you came aboard. After that, here’s the basic structure: we charge a .5% management fee for those who invest under $100,000, and a .4% fee with those who invest more. Beyond that, the only other fee you need to know about is the .1% so-called expense ratios on the ETFs we offer, which is the percentage of every invested dollar spent on maintaining the ETF itself.
So all told, if you have an account balance of $10,000, you’ll spend $60.00 annually; if you have $100,000 invested you will be charged $500.00, and that’s it. Not so scary, especially considering the level of service we offer all our clients, not to mention the bundle of lush perks we offer free to our Wealthsimple Black clients.