Wealthsimple launches premium service for $500k+ clients

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Wealthsimple today launched Wealthsimple Generation, a service specifically for clients who deposit $500,000 or more in their portfolio. Generation assists clients with planning for retirement, managing investments, and protecting their wealth for a 0.4 percent management fee.

With Generation, clients receive access to a team of advisors, a personalized financial report customized towards their goals, and individualized portfolios. Generation clients can also access VIP airline lounges with a priority pass membership, and 50 percent off a comprehensive health plan from Medcan.

“With Wealthsimple Generation we can provide the personalized, sophisticated advice that clients need in a modern way—on demand, and enhanced with digital experience.”
 

“With Wealthsimple Generation we can provide the personalized, sophisticated advice that clients need in a modern way—on demand, and enhanced with digital experience,” CEO and co-founder of Wealthsimple, Michael Katchen said. “We won’t schedule face-to-face meetings, but we’ll be there for you and your family whenever and wherever you need us.”

Toronto-based Wealthsimple provides financial advice and long-term investment management for their clients. The company operates in Canada, the U.S., and the U.K., and is backed by the Power Financial group of companies, which includes Great West Life, Canada Life, and London Life.

Just recently, Wealthsimple and online tax filing service TurboTax announced a new partnership in preparation for tax season, making it possible to open RRSPs with the online investment platform.

Wealthsimple offers two other tiers – Basic, for clients that deposit between $0 to $100,000, and Black, for clients who deposit $100,000 to $500,000.

Sera Wong

Sera Wong

Heyo, Sera here. I love infographics, organizing data, and making lists. I’m an avid lover of cats. Please send cat pics my way at @Sera_wong on Twitter.