Early days yet, but as far as ease is concerned I am very impressed with the quick set up times and quick responses from the WealthSimple staff. They even rang me back with a more definitive answer to my query. Michael’s science journalism has been featured in high-profile online publications such as Salon and Pacific Standard as well as numerous print magazines over the course of his six-year career as a writer. Money Under 30’s review of Wealthsimple is for US users only. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company. Wealthsimple also offers Halal investing to Islamic traders via its Halal portfolio. Keep it up Wealthsimple! There is no limit on how much money you can contribute to a SIPP each year, and you get a 25% tax relief on your first £40,000 in contributions. Currently, Wealthsimple is available in the US, Canada, and the UK. This website is free for you to use but we may receive commission from the companies we feature on this site. Arranging the call was really easy via the app and I could pick a time to suit me. Wealthify is a popular UK Robo-advisor investment platform who invest in a range of ETF’s in a semi-managed way. Thanks for sharing a review Alan, appreciate it! Prompt response.Informed, polite ,courteous. Views expressed are those of the writers only. The app is also simple, straightforward and to the point.I guarantee you will be pleased in how it all works. Unlike some other robo-advisors, Wealthsimple does not invest in real estate or commodities. Useful. Wealthsimple Review: Canada’s Leading Robo-Advisor. Wealthsimple also offers a mobile app for iOS and Android devices. Wealthsimple hires with an extremely fine filter - a certain pedigree of person is sought after here and they will never rush a hiring decision. It is also registered in the US and UK, and is a member of the SIPC in the USA. Wealthsimple is an automated investing platform designed to help you save smartly. Our Wealthsimple review found that this robo-advisor can be a good option for those who want both automated investing and access to a financial advisor. Automate your investments, authorize Wealthsimple to … Wealthsimple offers customer service by phone and email. Address: Wealthsimple, 3rd Floor, 20 Grosvenor Pl, London, SW1X 7HN. The bond ETFs are largely focused on UK government bonds and global high-yield corporate bonds. I also explain how it is possible to get Wealthsimple to manage your first £10,000 free for a year. Clint Proctor Updated July 28, 2020 Some links below are from our sponsors. Otherwise, Wealthsimple is similar to competitors like Nutmeg, Wealthify or Moneyfarm: you answer a number of questions a… All rights reserved. This insures your account for up to £85,000 in the event that Wealthsimple runs into financial trouble. If you want to speak with a financial advisor, you can schedule a short financial planning session through the platform’s website. We look at who Wealthsimple are, how big the company is and what they offer for investors like you. I have been impressed with Wealthsimple's services. Thanks for sharing Daniel! © 2020 Trustpilot A/S. Wealthsimple has several products in addition to robo-advising, including a stock broker platform called Wealthsimple Trade and a high-interest checking and savings account called Wealthsimple Cash. Better yet, you don’t have to worry about paying 0.9% of your account balance or more in fees each year like you do with Wealthsimple. Great to hear and we appreciate you taking the time to write a recommendation. At the time of writing, Wealthsimple has more than $1 billion under management. Thanks for sharing your experience with us Paa! I believe the return on investment is very good, with the minimum of costs. I had some issues logging in while away on travel, and they were quick, kind, courteous. Great to hear they could help you out and don't hesitate to reach out in the future! Each portfolio is managed by experts according to an algorithm, and for the most part, your money is left in the same ETFs as long as you stick with the same pre-made portfolio. Extremely fast and efficient moving my pension fund and getting it invested. Wealthsimple is considered very safe. Thanks for sharing your experience with us to date Daniel! He has also won accolades as a photographer and videographer for his work covering communities on both coasts of the US. Thanks for sharing your experience with us Karen! Wealthsimple will rebalance the portfolio and reinvest dividends as needed, but otherwise it takes a very hands-off approach to your investment. This is a more active approach to investing than what Wealthsimple offers, and it comes with potentially higher returns and higher risk. In this Wealthsimple review, we’ll go over everything you need to know about this awesome investment tool. Wealthsimple is authorised by the FCA and also covered by the FSCS, meaning your money will be protected up to a total of £85,000, and investments up to £50,000, in the case the company folds. They asked all they needed to know to guage my plans and hopes and comfort with taking risks. This mirrors the web interface in that the main display simply shows your current account balances. You cannot open an ISA or SIPP for tax-privileged investing. These average around 0.20% per year for the standard portfolios and around 0.28% per year for the socially responsible portfolios. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. 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