Your portfolio is based on your financial goals, time horizon, risk tolerance, past investment experience and level of investment knowledge. When these change, you may want to adjust your risk score accordingly. You may even want different risk scores for each portfolio, as you may have different time horizons and goals for each account. You can find your portfolio allocation on your Investor Policy Statement.
If you would like to request a change to your portfolio, you can do this through your Wealthsimple profile. From the Portfolio page, click on the account for which you would like to make the change.
On the left-hand side of the page, you will see the option to change your Portfolio theme or Risk level for your account, for example:
Risk score changes are also available on the mobile application. Simply tap on the Wealthsimple account of your choice. You will have the choice to alter either your Portfolio theme or Risk level for each account.
Note that your request may require approval from a Portfolio Manager to ensure that your investment changes are aligned with your goals. After submission, if approval is required, one of our Portfolio Managers will respond to your request through email. You may be required to book a call with a Portfolio Manager to ensure that your investment changes are aligned with your goals.
Please note: it will take up to 3 business days to trade your portfolio to your new risk score.