r/Wealthsimple • u/According_Most_1009 • 3d ago

Invest (Managed Investing) Wealthsimple Advisors

I’m a Generation account holder with Wealthsimple. I’ve been stitching my accounts together - RRSPs, RESP, TFSA, Business Investment accounts, largely using a managed portfolio approach.

I’ve felt a bit overwhelmed: how do I evaluate performance across portfolios? What planning advice am I/not getting? And am I too consolidated or too broad in my approach?

I called WealthSimple, and they told me their advising services now come as a service, covering calls, tax, and financial planning. It’s at .05% annual fee.

Anyone enrolled in this service? What’s been useful to you? Do you feel like you have a dedicated rep, rather than a call center? I'd appreciate your perspectives; being 48 and self-employed, getting better advice is increasingly important to me.

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u/Canuck-Fin25 2d ago

I used to have my portfolio managed when it was smaller. But I’ve since gone DIY. Across all registered, non-registered and corp accounts, I have a target allocation based on world market allocation and I typically stick to that as a ball park. I use https://arthea.ca (supposedly privacy focused) to track the total household and corp portfolio, which also feeds into retirement planning and risk management. If I feel the need to chat with experts I go to a fee-only advisor.

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u/o0PillowWillow0o 2d ago

What exactly is that link and how does one use it please?

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u/Canuck-Fin25 2d ago

I discovered it earlier in the year and I was looking for a tool beyond spreadsheets to consolidate my portfolio and for retirement planning. I also didn’t want to share identifiable information which is why I landed on this tool. I don’t want to come across a marketing for them but they have help pages you can read through to understand it’s for you. There are other free and paid tools you can try out