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Wealthsimple Expands Online Investment Tool to US

Wealthsimple, an online investment manager founded in Toronto, has expanded its service to the United States.US residents can now create a diversified portfolio in minutes online.

“Our smart, simple approach to investing has resonated with Canadians, and we look forward to introducing it to U.S. investors,” said Michael Katchen, founder of Wealthsimple.

Wealthsimple has a partnership with the Power Financial group of companies, who have invested $50 million in capital to date.

“Canada is at the forefront of innovation in fintech, and we are proud to help bring that innovation to the world,” said Paul Desmarais III, Vice-President at Power Financial Corporation. “Wealthsimple’s innovative model has enabled them to grow quickly here in Canada, and we are pleased to continue to support their growth as they expand globally.”

Wealthsimple’s website was awarded Best Financial Services Website in the world at the 2016 Webbys.

In just over two years, Wealthsimple grown to serve more than 20,000 clients with $750 million in assets.

The Fintech Five | December 2016

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