Wealthsimple offers three different plans or tiers that allow you to personalize your investing experience: Core, Premium and Generation. Each of these three plans offers different benefits to you depending on your desire to use Wealthsimple’s products.
In order to upgrade your plan, you must meet the minimum threshold either through the value of your net deposits or through the value of your entire Wealthsimple portfolio.
Tip: Net deposits are calculated by adding up the total amount of money you deposit or transfer into all of your Wealthsimple accounts (including Managed investing, Stocks & ETFs, Crypto, Cash and Save accounts). Your net deposits will not decrease if the value of your portfolio decreases due to market fluctuations. However, your net deposit will decrease if you withdraw or transfer out funds from your accounts.
For more information on Premium and Generation plans, check out our overview articles:
What’s included in each plan
| Core | Premium | Generation | |
| Eligibility requirement | None | Min. 100k in net deposits or 100k in total assets across your Wealthsimple accounts | Min. 500k in net deposits or 500k in total assets across your Wealthsimple accounts |
| Stocks & ETFs | |||
| Commissions | $0 | $0 | $0 |
| USD accounts | $10/month | Included (must opt-in) | Included (must opt-in) |
| Instant Deposits | Up to $50,000 | Up to $50,000 | Up to $50,000 |
| Options Pricing | $2 USD | $0.75 USD | $0.75 USD |
| Managed Investing | |||
| Management Fees | 0.5% | 0.4% | Starting at 0.4%, as low as 0.20% |
| Access to Private Credit | No | Yes | Yes |
| Tax Loss Harvesting | No | Yes | Yes |
| Custom Portfolios | No | No | Yes |
| Crypto | |||
| Trading Fees | 1.5% - 2.5% | 1.5% - 2.5% | 1.5% - 2.5% |
| Spend & Save | |||
| Cash Account Interest | 4% | 4.5% | 5% |
| Cash Direct Deposit Boost | 3% | N/A | N/A |
| Financial Planning & Advice | |||
| Educational Content | Yes | Yes | Yes |
| Goal Setting with a portfolio manager | No | Yes | Yes |
| Dedicated Team | No | No | Yes |
| Comprehensive Financial Plan | No | No | Yes |
| Account Management & Support | |||
| Human help / 24/7 Help Center | Yes | Yes | Yes |
| Priority Email Support | No | Yes | Yes |
| Priority Phone Support | No | Yes | Yes |
| Perks | |||
| DragonPass Lounge Access | No | No | Yes |
| 15% off your Will | No | Yes | Yes |
| MedCan Year-Round Care | No | 6 Months Free | 6 Months Free |
| MedCan Comprehensive Care | No | No | 50% Off |
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