How do I transfer an existing RESP to Wealthsimple?

First, open an RESP at Wealthsimple and make sure to include all the same beneficiaries as the RESP at your current institution. Then you can follow the usual Wealthsimple online transfer process by clicking “Transfer an existing account” on your Funding dashboard.

If you already have a Wealthsimple Family RESP and are looking to add a beneficiary, please create a request for our Relationship Management team. Note that for a Family RESP, all beneficiaries must be related to you (more on this here).

If you already have a Wealthsimple RESP and you'd like to add a beneficiary who isn't related to you, simply open a new RESP under “Add another account” in your profile.

Once you've submitted your transfer request, we'll coordinate with your relinquishing institution to move the account over. This process typically takes up to 6 weeks - we wish it could be faster! - but we'll stay on top of it for you and email you once the transfer is complete.

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